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Government eases FDI norms in AI, SBRT and Real estate
Why in the news ? |
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Air India | Centre allowed foreign airlines to invest up to 49% under the approval route in Air India, subject to the conditions that:
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Single Brand Retail Trading (SBRT) |
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What is Single Brand Retail And Multi Brand Retail ? |
Example - Nike sets up stores in India in which the foreign parent of Nike (Nike Inc.) invests. Such stores can only sell Nike products under the 'single brand' route.
Example - TESCO or Walmart (or other department store type retailers), which stock and sell goods from various different brands in their stores. |
Real estate |
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Source | · The Hindu, Indian Express and Economic Times. |