India attracts $259 mn FDI in single brand-retail since April 2010

NEW DELHI: India has received $259 million foreign direct investment in the single brand-retail sector since April 2010, Parliament was informed on Tuesday.

Government permits 100 per cent foreign direct investment (FDI) in single brand retail and 51 per cent in multi-brand retail trading.

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.

In the last financial year, the FDI was $11.30 million, the minister said.