With regard to India's Foreign Direct Investment Policy on distribution service sectors, Japan understands that it is under consideration to allow foreign direct investment in multi brand retail up to 51% under a certain condition. Japan would like to know the perspectives to implement this policy.
Reply: The existing policy allows for 51% foreign direct investment (FDI), only in single brand retail trade, subject to specified conditions. FDI in multi brand retail trading is presently prohibited. Government of India had released a Discussion Paper on the subject of "Foreign Direct Investment in Multi Brand Retail Trading", in order to obtain stakeholder comments, for informed policy making. Comments were received from a number of stakeholders. The discussion papers, as well as the comments received thereon, are in the public domain. The Government has not taken a final decision in this regard.
