The Centre has approved 89 proposals for foreign investment in single-brand retail trading and one for foreign investment in the multi-brand retail trading sector, upto March 2016.
In February 2006, the government permitted 51 percent FDI in the single brand sector. In 2012, it raised the cap to 100 percent. The companies whose SBRT proposals received approval include IKEA, H&M, Adidas, Swarovski International Holding, and Montblanc. In the multi-brand retail sector, the government approved the proposal of Tesco Overseas Investments.