News India Delhi AAP govt disallows foreign multi-brand retail stores in capital

Delhi AAP govt disallows foreign multi-brand retail stores in capital

New Delhi: The Arvind Kejriwal-led Aam Aadmi Party government in Delhi has written to the Finance Ministry to convey that no foreign multi-brand retail stores will be allowed to be opened in the capital. Former

delhi aap govt disallows foreign multi brand retail stores in capital delhi aap govt disallows foreign multi brand retail stores in capital
New Delhi: The Arvind Kejriwal-led Aam Aadmi Party government in Delhi has written to the Finance Ministry to convey that no foreign multi-brand retail stores will be allowed to be opened in the capital.

Former chief minister Sheila Dikshit's government had allowed opening of foreign multi-brand retail stores in Delhi, but that decision has been rescinded by the AAP government.

In a letter sent to the DIG of the division under Finance Ministry, the Delhi government has said it was withdrawing its approval to opening of foreign multi-brand retail stores.

The UPA government at the Centre had allowed foreign multi-brand retail stores in India with 51 per cent equity by foreign companies, subject to the condition that the concerned state government must approve the opening of such stores.

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