The Indian government is planning to set the ball rolling on allowing 51 percent foreign direct investment (FDI) in multi-brand retail as soon as the Presidential poll is over next month. According to officials in the Department of Industrial Policy and Promotion (DIPP), it has completed all the pertinent meetings with the stakeholders, including the states.
The decision has already received the Union Cabinet‘s approval; only the notification part is left.
(Source: Business Standard)