Amazon, Two Others Get Nod For FDI In Food RetailĀ 

Amazon, Two Others Get Nod For FDI In Food Retail 
Pedestrians walk past the new Amazon.com Inc. Go grocery store in Seattle, Washington, U.S. (Photographer: David Ryder/Bloomberg)

The government has approved three FDI proposals -- from Amazon Retail, Supermarket Grocery Supplies and Grofers India -- worth over Rs 3,700 crore for retail trading of food products, as informed to the Parliament.

While Amazon Retail has a proposed investment of Rs 3,500 crore, Supermarket Grocery Supplies has planned Rs 105 crore. Similarly, Grofers India has proposed investments of $25 million (over Rs 160 crore).

The government has granted these permissions for 100 percent foreign direct investment for retail trading of food products manufactured and/or produced in India, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.

On the question whether any decision has been taken by the government to allow overseas food retailers to sell personal care and household items made locally, she said that no such decision has been taken.

She added that as many as 18,884 complaint calls were received by the national consumer helpline in e-commerce sector during the April-June period.

In the same period last year, the number was 54,872. Out of the 18,884 complaints, 17,665 were disposed off.

Unlock this article for free
Sign up to access exclusive stories, fewer ads, and a personalised experience.
Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source