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India allows 100 percent FDI in single-brand retail via automatic route

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - The Indian cabinet cleared a proposal on Wednesday allowing 100 percent foreign direct investment (FDI) in single-brand retail via the automatic route, government spokesman Frank Noronha said.The cabinet also eased FDI rules for the aviation and the construction sectors, he said, but did not elaborate. A formal notification is expected later on Wednesday. (Reporting by Nigam Prusty; Editing by Malini Menon)(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, January 10 2018. 13:01 IST
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