The government is considering allowing foreign direct investment (FDI) in the multi-brand retail sector with riders and in a phased manner, two government officials in the know of the development said. To begin with, the government may allow foreign direct investment in multi-brand retail only in 36 cities, which have a population of over 1 million, the officials said. The government currently allows 51 percent foreign direct investment in single-brand retail. This new development in the retail segment will boost the business opportunities for the signage players dealing with business in in-store/in-shop displays.
