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DPIIT rejects Flipkart's proposal for entering food retail sector

Jun 01, 2020 - Business Standard India

The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday rejected Walmart-backed Flipkart's proposal seeking approval for entry to the food retail sector citing a regulatory issue, PTI reported. The government permits 100 per cent foreign direct investment in food retail for items produced and manufactured in India. The grocery segment accounts for a signi...