India will witness about 10 foreign single-brand retailers starting operations after Prime Minister Narendra Modi removed the need for a federal approval, a senior minister said.
The companies which have sought government permission to set up single-brand establishments include Fast Retailing Co., operator of Japanese casual-wear brand Uniqlo. It had submitted an application in November last year. Tesla Inc. is also in talks with the government to enter India through the single-brand retail route, The Times of India reported last year.
"There are around 10 applications under single-brand retail trading and these will be positively impacted once the amendments in the FDI
