Friday, 2 August 2013

FDI Norm In Multi Brand Relaxed

Multi brand retail FDI in the Government agreed to pay all those rules have in the domestic industry in terms of protection are included in the policy. the Government has not just bought 30 phisad SSI rule for foreign companies, but now the State want foreign companies to open multi brand retail stores in any city will.

Read: FDI rules made easy

Starting next week stayed on these steps in the monsoon session of Parliament could face sharp opposition to the Government.

Last September the multi brand retail foreign direct investment (FDI) in 51 phisad give approval of time defending the interests of the domestic grocery industry, the Government pledged to put several pabandiyan in the policy. but foreign retail companies of commoners government multi brand has changed these rules. Economic Affairs (CCEA) despatched Committee meeting on Thursday eased rules, FDI in store now open The case has been left to the States. State, even in the less populated cities million multi-brand retail stores open in allowing the companies to do.

FDI in the region of ten months passed after the proposed investment in India by a company. representatives of foreign companies over the last days of Commerce and Industry Minister Anand Sharma has eased these regulations at the meeting with the Government was willing to argue in favor of the eased rules., Anand Sharma said "no policy stone does not streak when the Constitution so Can a policy be amended, why not? We just policies transparent. multi brand retail stores are where opened to the States to decide.

The Government has to attract FDI for small and medium industries (SME) buy 30 phisad rules also eased on foreign companies seeking. $ 20 million on plant and machinery now investment-will come in short and medium industries units and this rule will be applied only if the first purchase of a unit small scale sector is beyond the scope of even the multi Brand retail company will continue to supply farmers agricultural cooperative and cooperative institutions too. This is covered under. as far as total investment in infrastructure for the condition of 50 phisad investment, the Government has limited it to just the first installment of investment.