Himachal Pradesh Govt. nods to implementation of policy on multi-brand retail trading

REVIEW OF THE POLICY ON FOREIGN DIRECT INVESTMENT IN THE MULTI BRAND RETAIL TRADING SECTOR - AMENDMENT OF PARAGRAPH 6.2.16.5(2) OF 'CIRCULAR 1 OF 2013 - CONSOLIDATED FDI POLICY

PRESS NOTE NO. 1 (2013 SERIES), DATED 3-6-2013

1. Present Position:

1.1 As per paragraph 6.2.16.5 of 'Circular 1 of 2013 - Consolidated FDI Policy', effective from 5.4.2013, FDI, up to 51%, under the Government approval route, is permitted in the multi-brand retail trading sector, subject to specified conditions.

1.2 The list of States/Union Territories which have conveyed their agreement for the policy in Multi-brand retail trading is contained in Paragraph 6.2.16.5 (2) of the said Circular, as under:

6.2.16.5 (2) LIST OF STATES/ UNION TERRITORIES AS MENTIONED IN PARAGRAPH 6.2.16.5(1)(viii)

1. Andhra Pradesh

2. Assam

3. Delhi

4. Haryana

5. Jammu & Kashmir

6. Maharashtra

7. Manipur

8. Rajasthan

9. Uttarakhand

10. Daman & Diu and Dadra and Nagar Haveli (Union Territories)

2. Revised Position:

2.1 The Government of Himachal Pradesh has given its consent to implement the policy on multi-brand retail trading in Himachal Pradesh in terms of paragraph 6.2.16.5 (1) (viii). The list of States/Union Territories as at paragraph 6.2.16.5 (2) therefore, is amended to read as below:

3. The above decision will take immediate effect.