The UPA won the FDI vote in Parliament on Friday and so with foreign direct investment in retail becoming a closer reality, we list out the key features and implication of the government's decision of allowing Foreign Direct Investment (FDI) in various sectors.
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51 percent FDI allowed in multi-brand retail.
The $450 billion retail market in India is expected to grow due to this collaboration as government expects to generate funds, jobs and stimulus for economy, along lower inflation. Farmers are expected to get healthy returns for produce and the consumer is ultimately going to win as he has more choices and competitive prices.
Brands eying India: Wal-Mart, Tesco and Carrefour
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100 percent single brand FDI allowed with a mandatory 30 percent of local sourcing.
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Foreign carriers can now pick up 49 percent stake. With India being one of the fastest growing aviation markets in the world, airlines can gain international technical assistance and expertise and all transactions will be governed by SEBI norms. Also, important positions in the airline will be held by Indian citizens. Airlines keen on FDI: Kingfisher and Spicejet.
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The FDI cap has been increased to 74 percent. FDI has not been hiked in TV news channels and FM radio but has been allowed in Mobile TV.
