Investment by foreign resident in India in retail trading sector
Smita Katake
(Querist) 12 January 2011
This query is : Open
Dear All,
In our case one Mr.X from Korea( Foreign Resident)wishes to establish a company in India,main activity of the company is Retail trading of Garments and clothes, textiles. Please explain whether the above activity is covered under automatic route as per FDI policy or will require FIPB approval.
Please also define what is wholesale/cash & carry trading ?
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