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Highlights of FDI decisions

Key features and implication of the government's Friday decision of allowing Foreign Direct Investment (FDI) in multi-brand retail and aviation sectors.FDI in multi-brand retail--51 percent FDI allowed in multi-brand retail--States given discretionary powers of opting

IANS Updated on: September 15, 2012 12:41 IST
highlights of fdi decisions
highlights of fdi decisions

Key features and implication of the government's Friday decision of allowing Foreign Direct Investment (FDI) in multi-brand retail and aviation sectors.




FDI in multi-brand retail


--51 percent FDI allowed in multi-brand retail

--States given discretionary powers of opting for it or not

--Government expects to generate funds, jobs and stimulus for economy

--Government also expects to tame inflation from the move

--Farmers expected to get healthy returns for produce

--Less agriculture wastage due to the decision

--Consumer to benefit with more choices and competitive prices

--Foreign brands like Wal-Mart, Tesco and Carrefour eying to enter India

--$450 billion retail market in India

FDI in single-brand retail

--100 percent single brand FDI allowed

--30 percent local sourcing mandatory

FDI in aviation

--Foreign carriers can now pick up 49 percent stake in India airlines

--Airlines like Kingfisher and SpiceJet keen on foreign funds

-- With India one of the fastest growing aviation markets in the world, airlines can gain international technical assistance and expertise

--Transactions will be governed by SEBI norms

--Key positions in the airline will be held by Indian citizens

--Foreign nationals and equipment under the stake sale will be scrutinised

--Total FDI in air transport sector from 2000-2012 at $434.75 million

FDI in broadcast

--Government decides to raise FDI cap to 74 percent

--FDI not hiked in TV news channels and FM radio

--Decision to benefit consumers with more choices and competitive pricing

--FDI also allowed in Mobile TV
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