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Pushing ahead with major reforms, the Central Government has relaxed foreign investment rules in the country and eased the process for approval of FDI in Single brand retail trading, Wholesale (Cash and carry) trading and Indian brands manufactures. The idea of the reforms is to ease, rationalise and simplify the process of foreign investments in the country thus routing more FDI proposals on automatic route instead of Government/approval route.

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The Central Government has issued an order dated September 28, 2015 by way of an amendment to the Removal of (Licensing Requirements, Stock Limits and Movement Restrictions) on Specified Foodstuffs Order, 2002, enabling States to impose stock limits on pulses, edible oils and oil seeds for a period of one year, from October 1, 2015 to September 30, 2016.

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The government of Maharashtra had imposed limits on how much pulses, edible oils and oil seeds retailers could stock. This created several problems, especially for retailers with multiple outlets. Subsequently, Retailers Association of India (RAI) had approached to the government to remove the stock limit on edible oils for retailers having multiple outlets in line with the notification issued by the Central Government.

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Retailers Association of India (RAI)
111/112, Ascot Centre, Near Hotel ITC Maratha, Sahar Road, Sahar,
Andheri (E), Mumbai - 400099.
Tel : +91 22 28269527 - 29
Fax : +91 22 28269536,
CIN: U91990MH2005GAP151959

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Retailers Association of India (RAI) is the unified voice of retailers in India. A not for profit organization, RAI works with all  stakeholders for creating the right environment for the growth of modern retail industry in India.  Read More.

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