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'

 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 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 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 6.2.16.5 (2) of the said Circular, as under:

6.2.16.5  (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. Jammu & Kashmir

6. Maharashtra

7. Manipur

8. Rajasthan

9. Uttarakhand

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 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:

3.0  The above decision will take immediate effect.

(D.V. Pasad)

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.