India has received $259 million in foreign direct investment (FDI) in single brand-retail since April 2010, the government said Tuesday.
"During April-September 2014, the country received $167.52 million FDI in single-brand retail sector," Minister of State for consumer affairs, food and public distribution Raosaheb Patil Danve said in a written reply to the Lok Sabha.
FDI of $11.30 million was received in the last fiscal, he added.
The ministry is currently processing six FDI proposals in the single-brand retail sector, the minister told parliament last week.
Danve also said the government had not taken a decision on allowing foreign investment in multi-brand retail trade.
"No application for FDI in multi-brand retail trading is pending," he said.
FDI in single-brand retail was increased to 100 percent from 51 percent in early 2012.
According to official data, 18 proposals worth $173 million were approved between April 2010 and May 2013.
The rules permit 100 percent FDI in single brand retail and 51 percent in multi-brand retail trading.
