Six proposals for foreign direct investment (FDI) in the single brand retail sector are under the process for approval, government said today. In January 2012, India raised the FDI cap in single-brand retail to 100 per cent from 51 per cent. Around 18 proposals worth USD 173 million were approved between April 2010 and May 2013, as per the government data.

Source - http://economictimes.indiatimes.com