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'Allow FDI in single brand retail thro' automatic route'.

Business Line

| February 17, 2006 | COPYRIGHT 1999 Kasturi & Sons Ltd. (Hide copyright information)Copyright

(From Business Line)

from BUSINESS LINE, February 17, 2006 New Delhi, Feb. 16 - FOREIGN direct investment (FDI) in single brand retail should be allowed through the automatic route rather than through the Foreign Investment Promotion Board (FIPB), the Associated Chambers of Commerce and Industry of India (Assocham) has said

"Once a policy decision has been taken to allow FDI in single brand retail, a standard set of rules should govern the administrative procedure and the proposals should not be referred to the …

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