| Notification Detail :
CONSOLIDATED FDI POLICY CIRCULAR 1 OF 2013 - REVIEW OF THE POLICY ON FOREIGN DIRECT INVESTMENT IN THE MULTI BRAND RETAIL TRADING SECTOR- AMENDMENT OF PARAGRAPH 6.2.16.5(2)
PRESS NOTE NO. 3 (2013 SERIES), DATED 4-7-2013
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:
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S.No.
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Sector/Activity
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% of FDI Cap/Equity
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Entry route
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6.2.16.5
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Multi Brand Retail Trading
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51%
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Government
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(1) FDI in.
(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. Karnataka
8. Maharashtra
9. Manipur
10. Rajasthan
11. Uttarakhand
12. Daman & Diu and Dadra and Nagar Haveli (Union Territories)
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3.0 The above decision will take immediate effect.
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