The retail trade sector in India has undergone significant transformation from small, unorganized family-owned retail units to organized retailing pursuant to the influx of international retailers in domestic markets.
Partner
Mulla & Mulla & Craigie Blunt & Caroe
Organized retail trade, predominantly concentrated in urban areas, constitutes approximately 4% of retail trade in India.
The US$350 billion Indian retail trade sector is estimated at US$427 billion over the next three years.
Policy initiatives
To accelerate the inflow of foreign direct investment (FDI), Government of India (GOI) has partially opened up the retail trade sector to foreign entities for establishment of retail trade operations of “Single Brand” products with FDI up to 51% and prior approval of GOI.
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Shardul Thacker is a partner at Mulla & Mulla & Craigie Blunt & Caroe.
Mulla & Mulla & Craigie Blunt & Caroe
Mulla House
51, M.G. Road
Fort, Mumbai 400 001
India
Tel: +91 22 2204 4960 / 2262 3191
Fax: +91 22 2204 0246 / 6634 5497
Email: info@mullaandmulla.com
