New Delhi: The Central Government today notified 100 percent Foreign Direct Investment (FDI) in single-brand retail, thereby paving way for global chains to have full ownership of their India operations.
 
The Commerce Ministry issued a notification to this effect on Tuesday.
 
This move by the government is aimed at attracting more foreign direct investment in production and marketing of consumer goods apart from improving their availability.
 
As per the government release, 100 per cent investment will be allowed only when the products are sold in single brand internationally.
 
Single brand retail trading will cover only products, which are branded during manufacturing and a foreign investor is its owner. (ANI)