ALSO READIndia allows 100 percent FDI in single-brand retail via automatic route Cabinet allows foreign airlines to buy up to 49% stake in Air India India's trade deficit with China stands at $37 bn in Apr-Oct Cabinet tweaks AI's FDI norms to pull in foreign buyers CAIT opposes 100% FDI in single brand retail via automatic
The government has yesterday permitted foreign airlines to invest up to 49 per cent in debt-ridden Air India, and eased norms for investment in single brand retail, construction and power exchanges.
Deloitte India Partner Anil Talreja said allowing 100 per cent foreign direct investment (FDI) in single brand retail trade should act as a catalyst for a large number of retailers that have been exploring Indian market.
"It is very likely that these investors will be relooking at their strategy to refresh their plans for Indian investment," he said in a statement.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)