The government is likely to permit foreign direct investment (FDI) in the multi-brand retail sector from April 2012 and is expected to come up with a final draft of a proposal in this regard by the end of July. In the first phase, foreign multi-brand retail chains will be allowed in the metros like Delhi, Mumbai, Kolkata and Chennai. In the second phase other metros like Bangalore, Hyderabad and Pune will be included. Such mega expansion plan to permit FDI in the multi-brand retail sector will be an added opportunity in the business of signage companies like PSPs, fabricators, sign makers, etc involving in in-shop signages and graphics in the sector.
