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Foreign Investment in Trading Activities

Foreign investment is permitted:
Black up to 100% under the Automatic route for Wholesale/ Cash & Carry trading, and trading for exports.
Black up to 100% under the FIPB route for
Gray Bullet Trading of items sourced from small-scale sector;
Black Test marketing of such items for which a company has approval for manufacture; and
Black up to 51% under the FIPB route in Single brand product retailing