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India allows 100 percent FDI in single-brand retail via automatic route
January 10, 2018 / 7:33 AM / Updated 31 minutes ago

India allows 100 percent FDI in single-brand retail via automatic route

NEW DELHI (Reuters) - The Indian cabinet cleared a proposal on Wednesday allowing 100 percent foreign direct investment (FDI) in single-brand retail via the automatic route, government spokesman Frank Noronha said.

A shopper walks out of store at a mall in Mumbai, India, July 10, 2017. REUTERS/Danish Siddiqui/Files

The cabinet also eased FDI rules for the aviation and the construction sectors, he said, but did not elaborate. A formal notification is expected later on Wednesday.

Reporting by Nigam Prusty; Editing by Malini Menon

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