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Union Cabinet approves 100% FDI in single brand retail

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  10 Jan 2018 12:00 AM GMT

According to reports, the Union Cabinet today approved 100% Foreign Direct Investment (FDI) in single-brand retail through automatic route.

Earlier, FDI was up to 49% was permitted, beyond that limit government's approval was required.

Union Cabinet also gave nod for 49 % FDI in AirIndia under approval route, according to reports.

As per reports, in a statement issued by the government, it said that the move was taken to to liberalise and simplify the FDI policy to provide ease of doing business in the tion.

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