India attracts USD 259 mn FDI in single brand-retail

India has received USD 259 million foreign direct investment in the single brand-retail sector since April 2010, Parliament was informed today.
Government permits 100 per cent foreign direct investment (FDI) in single brand retail and 51 per cent in multi-brand retail trading.
During April-September 2014, the country received USD 167.52 million FDI in single brand retail sector, Minister of State for Consumer Affairs, Food and Public Distribution Raosaheb Patil Danve said in a written reply to the Lok Sabha.
In the last financial year, the FDI was USD 11.30 million, the minister said.