Browsed by
Tag: retail sector for FDI

Local Sourcing Norms For FDI In Single Brand Retail To Be Eased: Piyush Goyal

Local Sourcing Norms For FDI In Single Brand Retail To Be Eased: Piyush Goyal

India is all set to ease mandatory local sourcing norms for foreign direct investment (FDI) in single brand retail trading in the coming few weeks. While addressing CEO’s multi- national companies in the UK-India Joint Economic and Trade Committee (JETCO) meeting held in London, Commerce and Industry Minister Piyush Goyal said, “India has opened up opportunities for single brand retail and is easing some detrimental clauses of the policy in next few weeks which will help single brand retail come…

Read More Read More

Industry Hopes for Easier FDI Norms in Multi Brand Retail

Industry Hopes for Easier FDI Norms in Multi Brand Retail

“In line with 100% FDI in food retail, a similar policy could be considered for multi-brand retail in products that can be fully manufactured in and sourced from India,” the Federation of Indian Chambers of Commerce and Industry, told Finance Minister Nirmala Sitharaman . The debate over allowing easier foreign direct investment (FDI) norms for multi- brand retail has arisen once again. According to Finance Minister Sitharaman, multi-brand trading wasn’t going to be possible before farmers and retailers provided enough resources to…

Read More Read More