Govt notifies FDI in multi-brand retail - NewsX

Showing resolve for reforms, the government today notified its decision to allow global retail giants like Walmart to open stores in India, on a day several political parties called Bharat Bandh to protest against the policy. With this notification, multinational retailers can invest up to 51 per cent to open stores in 10 states and Uts which, till date, have agreed to implement the decision. "51 per cent FDI in multi-brand retailing, in all products, will be permitted," a notification by the Department of Industrial Policy and Promotion (DIPP) said. It
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