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Traders body opposes 100% foreign direct investment in single brand retail via automatic route
•After 100 percent FDI in single brand retail was allowed in 2014, many global players like Ikea and Nike have entered the Indian market.
Cabinet may review FDI policy in certain sectors today, aims to provide investor-friendly climate
•FDI during April-September this fiscal grew by 17 percent to $25.35 billion.
'Apple, Acer, Lenovo, OPPO seek relaxation in sourcing norms': Nirmala Sitharaman
•Apple India, Acer, Le Ecosystem Technology, Lenovo (India) and OPPO Mobiles have sought relaxation in the local sourcing norms to set up single brand retail stores in India, Parliament was informed today.
CCEA likely to consider Ikea proposal tomorrow
Fp Archives •The much-awaited Swedish retail Ikea's Rs 10,500-crore proposal to set up single brand retail stores in the country is expected to be taken up by the Cabinet Committee on Economic Affairs (CCEA) tomorrow.
Govt clears 12 FDI proposals worth over Rs 2,609 cr
Fp Archives •The government today said it has approved 12 FDI proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore.
FinMin to take up 4 single-brand retail FDI proposals tomorrow
Fp Archives •The Finance Ministry will consider tomorrow four FDI proposals in single brand retailing, including that of Decathlon and Fossil Inc, worth Rs 750 crore.
Of FDI, Wal-Mart & controversies: 2012 was an eventful year for retail
Fp Archives •The retail sector, where the government permitted foreign direct investment in multi-brand, courted controversies during the year with several opposition parties making it a political issue in Parliament.
Ikea urges govt to open its doors wider
Fp Editors •Indications are that Ikea is losing its patience, and rightfully so. It has asked the government to reconsider its half-hearted permission to set up Ikea stores in India.
Ikea's tryst with India: From one bumper to next
Rajesh •After the Foreign Investment Promotion Board struck out most of the items in their products list, the government is planning to force the company to conform to strict conditions on sourcing.
The Indian govt is fundamentally changing the Ikea experience
Fp Staff •Get this: the Ikea experience as you know it outside, is about to change fundamentally in India. While many may write this off as the pains of doing business in India, this to us just seems like plain bureaucracy and killing something that is actually world class.