| Nath hints at 100% foreign investment in retailing |
| WORLD ECONOMIC FORUM |
| A K Bhattacharya / Davos January 27, 2006 |
| Foreign institutional investment could be outside the 51 per cent foreign direct investment limit approved by the Cabinet for the retail sector. In other words, the total foreign investment in the retail sector could go up to even 100 per cent provided foreign retail companies sell products under a single brand. This was indicated by Commerce and Industry Minister Kamal Nath at a news briefing here today. Asked if FIIs were kept out of the FDI limit, would it mean that they could invest in the retail sector over and above the 51 per cent FDI, the minister said, |
