Government clarifies Brownfield investment norms

Dec 18, 2013, 06.04 PM IST

This comes as a very positive move for all Indian multi-brand retailers who are looking for prospective foreign partners.

Tags  DIPP, FDI, inflows, browfield investments, Carrefour, Tesco

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Government clarifies Brownfield investment norms

This comes as a very positive move for all Indian multi-brand retailers who are looking for prospective foreign partners.

Like this story, share it with millions of investors on M3

Government clarifies Brownfield investment norms

This comes as a very positive move for all Indian multi-brand retailers who are looking for prospective foreign partners.

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The Department of Industrial Policy and Promotion (DIPP) today said that foreign direct investment (FDI) inflows can be used to pick up stake in Indian retail companies with existing stores.

This comes as a very positive move for all Indian multi brand retailers who are looking for prospective foreign partners.

Also read: Retail FDI cheer: Carrefour likely to foray into India

This new stand taken by the industry department will not only facilitate the proposed Tesco-Trent deal but will also open up avenues for Indian retail companies looking for foreign partners.

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