The government is raising the bar for FDI in single-brand retail by proposing to hike the limit from 51 percent to 100 percent in a move that is expected to encourage furniture-maker like Ikea and luxury brands, such as Louis Vuitton to set up shop in India. The department of industrial policy and promotion had moved a cabinet note earlier this week, seeking an increase in the FDI cap. Earlier, it had proposed to increase the ceiling to 74 percent, but decided to adopt a more aggressive stand. Such development in the Indian retail sector will help signage players associating with in-shop/in-store displays find new business opportunity.
