India May Allow Multi-Brand Retail FDI in Cities, Standard Says

India’s government may allow foreign investments in multi-brand retail in the nation’s six largest cities, the Business Standard newspaper reported today, without saying where it got the information.

The government may permit 51 percent of foreign ownership in New Delhi, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad, according to the report.

To contact the reporter on this story: Malavika Sharma in New Delhi at msharma52@bloomberg.net

To contact the editor responsible for this story: Hari Govind at hgovind@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.