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PE firms may be allowed to invest in single brand retail
Posted On: 23-12-2008 09:30:29 AM

The government is considering a proposal that would allow foreign private equity firms to invest in single-brand foreign retailers while maintaining the overall FDI cap of 51 %. As of now, foreign PE funds are not allowed to invest in the Indian retail ventures of global brands. The current norms allow only foreign brand owners to invest in such ventures. The government is of the view that in the wake of the global credit squeeze, such a proposal would give fillip to retail ventures through infusion of PE funds. The Department of Industrial Policy and Promotion, the nodal body for framing FDI guidelines, is said to be working on the proposal. The government has cleared over 100 single brand retail JVs since January 2006, when the sector was thrown open for foreign investment. A proposal to hike the FDI limit in single brand retail to 100 % is also currently pending with the Cabinet.

 
 
 

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