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Question

The Committee of Secretaries has recommended that 51 percent foreign direct investment (FDI) be allowed in the multi-brand retail sector provided the investment is not less than _________.


A
$ 100 million
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B
$ 200 million
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C
$ 300 million
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D
$ 250 million
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Solution

The correct option is B $ 100 million

The Committee of Secretaries has recommended that 51 percent foreign direct investment (FDI) be allowed in the multi-brand retail sector provided the investment is not less than $ 100 million. This committee was led by Cabinet Secretary Ajit Seth in July 2010.


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