Related Keywords: diversify export markets, FDI, Indian brand, Indian brands, investment policy, Ministry of Textiles, multi brand retail, restricting to Indian apparel brands, Turkish model, venture overseas
At present, foreign direct investment policy does not allow any FDI in Indian brands or retail but only in foreign brand/retail, which is owned and operated by an international company.
The ministry of textiles under the newly formed BJP government has a contrarian view on the allowing foreign direct investment (FDI) in multi brand retail. In its strategy report for the sector has recommended FDI in single and multi brand retail under automatic route, even though restricting its views only to Indian apparel brands.
