FDI in retail: proposal, rollback and road ahead

By Suchitra Chitale and Maitry Kakade, Chitale & Chitale Partners
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In an ambitious move to respond to demands of the recent times, the Union cabinet on 25 November gave its approval to foreign direct investment (FDI) in multi-brand retail trading (MBRT) and increased the existing FDI cap in single-brand retail trading (SBRT). The announcement of the proposed opening up led to huge protests.

Due to mounting political pressure, in what is considered to be a regressive step, the government on 7 December announced a partial rollback of the proposed policy and suspended its decision to implement the changes.

Suchitra Chitale Managing partner Chitale & Chitale Partners
Suchitra Chitale
Managing partner
Chitale & Chitale
Partners

The rollback pertains to only MBRT and the government is still mulling over the proposal with respect to SBRT. The policy announcement and subsequent events have attracted wide attention from all corners, partly because the retail sector is one of biggest employers in India, second only to agriculture.

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Suchitra Chitale is the managing partner of Chitale & Chitale Partners, a full-service law firm based in New Delhi. Maitry Kakade is an associate with the firm.

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Email: suchitra@chitales.com

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