Karnataka
Sector Update

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CII comments on introducing FDI in retail
In the last few months, there has been significant discussion on permitting Foreign Direct Investment (“FDI”) in Multi-Brand Retail Trading. As part of that process, the Department of Industrial Policy and Promotion (“DIPP”) released a discussion paper on “Foreign Direct Investment (FDI) in Multi-Brand Retail Trading” (“Discussion Paper”) and invited views on the same. The Confederation of Indian Industry (“CII”) had responded to the Discussion Paper earlier (attached as Annexure 1 is a copy of the response for your reference). In addition to the views set out in the attached response, this note seeks to outline CII perspective on key issues relating to FDI in retail trading sector based on certain recent press reports on the recommended proposal of the DIPP, while highlighting the need to adopt a different approach for food and non-food sector.