Page-2 of Retail
Ramesh Abhishek to head panel of secretaries to look into issues raised on some proposals of draft e-commerce policy
The Government of India (GoI) has set up a group of secretaries to look into the issues raised on some proposals of the draft e-commerce policy. The group will be chaired by Ramesh Abhishek, the secretary in the Department of ..
Union Cabinet permits 51% FDI in multi-brand retail and 49% FDI in Aviation
Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain. But the Govt left it to the state governments to allow establishment of multi-brand retail stores. FDI limit on various streams of broadcast services has ..
Month: Current Affairs - September, 2012
IKEA plans invest Rs 10,500 crore to set up 25 stores in India
Swedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in ..
Month: Current Affairs - June, 2012
FDI in Multi-brand Retail- Background and arguments
Up till now, the successive Governments in India have kept denying the Foreign Direct Investment (FDI) in multi-brand Indian retail. So, foreign groups have been forbidden from any ownership in supermarkets, convenience stores or any retail outlets, to sell multiple ..