FDI Inflow By Multi Brand Foreign Companies

Government approved a proposal from M/s Tesco Overseas Investment Ltd., (TESCO) a U.K. Company for foreign investment of not less than US $ 110 million to carry out the business of Multi Brand Retail Trading in India. The Foreign Direct Investment (FDI) inflow reported by Reserve Bank of India from TESCO is ₹ 850 crores.

 Government has not taken any decision with regard to implementation of FDI policy in Multi Brand retail trading.

 This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today.