What is the Foreign Direct Investment (‘FDI’) policy on Trading?
FDI upto 100 per cent is permitted in Wholesale/cash & carry trading and trading for exports is permitted under the automatic route. FDI upto 100 per cent is permitted in trading of items sourced from small scale sector or test marketing of such items for which a company has approval for manufacture, subject to FIPB approval. FDI up to 51 per cent is permitted in retail trade of ‘Single Brand’ products would be subject to FIPB approval.