Country allowed 100% FDI in single-brand retail business.

By bne IntelliNews January 16, 2012
The Indian government approved 100% Foreign Direct Investment (FDI) in single-brand retail businesses, as compared to the previous regulation that restricted it to 51%. As reported by Kyodo News, the new policy, effective from January 12 this year, will allow foreign investors to run single-brand businesses selling products such as sporting goods and clothing, although at least 30% of the brand-name products by value is required to be sourced from small domestic industries. The deregulation was implemented in order to attract foreign investment, improving the availability of brand-name products in the nation as well as enhancing the country's competitiveness through access to global designs, technology and management practices.
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