The retail sector in India is expected to attract private equity (PE) worth $75 million to $80 million in 2016 against $39 million last year, a new report by property consultancy JLL India has said.
The retail sector has reason to cheer on the back of recent government initiatives. “In 2015, single-brand retail saw a relaxation in sourcing norms, which is expected to boost FDI inflows in times to come. Moreover, 100 per cent overseas capital was allowed in processed food retailing through the Foreign Investment Promotion Board (FIPB) route,” the report said. There is already a steady rise in shoppers’ desire for foreign brands due to increased brand awareness. Moreover, FDI inflows in retail trading increased between October 2014 and September 2015 to $70.75 million, the report said.