Hotline: 1800 102 2007
X
Search Business Opportunities
2011-07-22

Panel of secretaries to meet today for FDI

Panel of secretaries to meet today for FDI

To approve the final blueprint for allowing FDI in India's multi-brand retail sector, a panel of secretaries is headed to meet today.

 

The Committee of Secretaries (CoS) headed by Cabinet Secretary Ajit Kumar Seth is also expected to resolve the differences on fixing a cap on FDI in the politically sensitive sector along with pre conditions like a minimum investment of $100 million and earmarking a sizeable portion of the funds for back-end supply chains.

While the buzz is that the top bureaucrats have consented for at least 49 per cent foreign investment in multi-brand retail joint ventures, the department of industrial policy and promotion (DIPP) is pushing for a majority stake for global partners like Walmart and Carrefour, sources said.

Finally, UPA will endorse the policy which is likely to weigh the pros and cons of the move, especially ahead of the Uttar Pradesh assembly elections scheduled next year.

The DIPP had also proposed riders like a minimum FDI of $100 million (about Rs 450-460 crore), half of which would have to be invested in back-end infrastructure like cold storage, soil testing labs and seed farming.

On the other hand, the department of consumer affairs wants 75 per cent of the FDI to be invested in back-end infrastructure.


Related opportunities
  • Bars, Pubs & Lounge
    About Us: House Of Mandarin offers delicious dining, takeout and delivery..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Clinics & Nursing Homes
    About Us    LA Styles Pvt. Ltd. is founded upon one core..
    Locations looking for expansion Gujarat
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Gyms and Fitness Centres
    About Us: VIVAFIT concept is to provide health and well-being in a..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Roman Island enjoys emphatics store presence in abundance in Dubai,..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 600-1000 sq. ft. - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts