Better norms are on the card for the multiple – brand retailing by the overseas retailers. On a recent note of budge by finance head Pranab Mukherjee on www.propertykhazana.com reveals that there will be some changes regarding the foreign investments on multiple retail brands along with the higher foreign hold insurance units in a very short while.
Report of www.propertykhazana.com also reveals that the relaxation can be made up to 49 percent against 26 percent for the limit of foreign equity in insurance. Also the discussions are on the way for its 100 percent sanctions of foreign equity as it covers the risk factors including the farmers, banks and sort of agro based industries. It is surely a relief sign of foreign investment in retails which also may start with food items against the earlier module of the foreign investments.
These new norms may fuel up the small and unorganized retail groups with one single string for better performance and committed delivery. The other sectors that are to get in touch with the foreign investments includes defense. This is to get raise by 49 percent and provisions are also there to get the mark of 100 percent in the cases of higher strategic and technological defense products which in turn can reduce the import numbers in future. For more and latest realty updates visit www.propertykhazana.com.
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