Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of 'Circular 1 of 2013-Consolidated FDI Policy' - FEMA - Press Note No. 3 (2013 Series)

Government of India Ministry of Commerce Industry Department of Industrial Policy Promotion Press Note No. 3 (2013 Series) Subject: Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph 6.2.16.5(2) of 'Circular 1 of 2013-Consolidated FDI Policy' 1.0 Present Position : 1.1 As per paragraph 6.2.16.5 of `Circular 1 of 2013- Consolidated FDI 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 6.2.16.5 (2) of the said Circular, amended vide Press Note 1 (2013 series) dated 3.6.2013 , as under: 6.2.16.5 (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 6.2.16.5 (l) (viii) 1. Andhra Pradesh 2. Assam 3. Delhi 4. Haryana 5. Himachal Pradesh 6. Jammu Kashmir 7. Maharashtra 8. Manipur 9. Rajasthan 10. Uttarakhand 11 . Daman Diu and Dadra and Nagar Haveli (Union Territories) 2.0 Revised Position: 2.1 The Government of Karnataka has given its consent to implement the policy on multi-brand retail trading in Karnataka in terms of paragraph 6.2.16.5 (1) (viii). The list of States/ Union Territories as at paragraph 6.2.16.5 (2) therefore, is amended to read as below: S. No. Sector/Activity % of FDI Cap/ Equity Entry route 6.2.16.5 Multi Brand Retail Trading 51% Government (1) FDI in (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 6.2.16.5(1)(viii) 1. Andhra Pradesh 2. Assam 3. Delhi 4. Haryana 5. Himachal Pradesh 6. Jammu Kashmir 7. Karnataka 8. Maharashtra 9. Manipur 10. Rajasthan 11. Uttarakhand 12. Daman Diu and Dadra and Nagar Haveli (Union Territories) 3.0 The above decision will take immediate effect. (Anjali Prasad) Joint Secretary to the Government of India D/o IPP File No.: No. 5/12/2010-FC.I dated:4 July, 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.