Big FDI Push For Single-Brand Retail, Air India Gets Cabinet Nod | Read
PUBLISHED ON: January 10, 2018 | Duration: 2 min, 06 sec
The Union Cabinet today approved a proposal to allow 100 per cent FDI or foreign direct investment through automatic route in single brand retail. Currently, FDI up to 49 per cent is permitted under automatic route in single brand retail but beyond that limit, government nod is required. The Union Cabinet today reviewed foreign direct investment policy in certain sectors with a view to attract more overseas funds.