How can I start a margin free supermarket in Kerala by investing a capital of 15 lakhs INR? I already have a building comprising an area of 1000 sq feet. I would like to form a proprietary business and the project will be self-funded. Please advice.

Published on: Jan 23, 2012, Last updated on: Jan 23, 2012

Categories: Investment Instruments, Direct Investment, Doing Business in India, Source: Knowledge Partner

Answered by: Corporate Professionals India Pvt Ltd

As per we understand, supermarket signifies the marketplace where all kinds of products are directly sold to consumers according to the Foreign Direct Investment Policy. Supermarket comes under multi brand retailing, which is a prohibited sector. However, you can do wholesale cash and carry business, in which 100% FDI is allowed under automatic route. We must also keep this in mind that businesses other than multi brand retailing under proprietorship firm are allowed on non repatriation basis. You can open a Private Limited Company to do the business of wholesale cash and carry and single brand retailing.

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