Government of India
Ministry of Commerce & Industry
Department of Industrial Policy & Promotion
Press Note No. 1 (2013 Series)
Subject: Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 22.214.171.124(2) of ‘Circular 1 of 2013-Consolidated FDI Policy‘
1.0 Present Position:
1.1 As per paragraph 126.96.36.199 of `Circular 1 of 2013- Consolidated FD1 Policy‘, effective from 5.4.2013, FDI, up to 51%, under the government approval route, is permitted in the multi-brand retail trading sector, subject to specified conditions.
1.2 The list of States/Union Territories which have conveyed their agreement for the policy in Multi-brand retail trading is contained in Paragraph 188.8.131.52 (2) of the said Circular, as under:
184.108.40.206 (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 220.127.116.11(1)(viii)
1. Andhra Pradesh
5. Jammu & Kashmir
10. Daman & Diu and Dadra and Nagar Haveli (Union Territories)
2.0 Revised Position:
2.1 The Government of Himachal Pradesh has given its consent to implement the policy on multi-brand retail trading in Himachal Pradesh in terms of paragraph 18.104.22.168 (1) (viii). The list of States/ Union Territories as at paragraph 22.214.171.124 (2) therefore, is amended to read as below:
|S.No.||Sector/ Activity||% of FDI Cap/ Equity||Entry route|
|126.96.36.199||Multi Brand Retail Trading||51%||Government|
|(1) FDI in¦(2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 188.8.131.52(1)(viii)
1. Andhra Pradesh
5. Himachal Pradesh
6. Jammu & Kashmir
11. Daman & Diu and Dadra and Nagar Haveli (Union Territories)
3.0 The above decision will take immediate effect.
Joint Secretary to the Government of India
D/o IPP File No.: No. 5/12/2010-FC.I dated: 3 June, 2013
Copy forwarded to:
1. Press Information Officer, Press Information Bureau- forgiving necessary publicity.
2. BE Section in the Department of Industrial Policy and Promotion-for uploading the Press Note on DIPP’s website.
3. Hindi Division, DIPP for providing Hindi version.