Cabinet given its nod for 100% FDI in single brand retail trading through automatic route.

TNPSC Current Affairs - January 2018 by TNPSC Guru

Union Cabinet has given its nod for 100 Percent Foreign Direct Investment (FDI) in single brand retail trading through automatic route.  It will improve the ease of doing business in the country.

What is Single Brand retail trading?

Single Brand Retail trading is a business sells goods to the customer in its single or same brand . example Reebok, Adidas , in this showroom they sells their own brands to the customer. Wherease multi brand Retail trading can sell multiple brand in store, example More supermarket, Nilgiris etc.

About Automatic Route.

Automatic route which means less restriction and more liberalization. The foreign investor doesn’t require any permission from Central government for their investment . They can invest without much restriction and permission.

In approval Route , they have to get permission from Central Government for invest in India.