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India allows 100 percent FDI in single-brand retail via automatic route

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Reuters NEW DELHI

NEW DELHI (Reuters) - The Indian cabinet cleared a proposal on Wednesday allowing 100 percent foreign direct investment (FDI) in single-brand retail via the automatic route, government spokesman Frank Noronha said.

The cabinet also eased FDI rules for the aviation and the construction sectors, he said, but did not elaborate. A formal notification is expected later on Wednesday.

(Reporting by Nigam Prusty; Editing by Malini Menon)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 10 2018 | 1:01 PM IST

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