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FDI relaxation in multi-branded retail

Infrastructure Finance
August 1, 2013August 1, 2013
FDI relaxation in multi-branded retail
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The Union government approved the relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money. These three riders, added as conditions to last year’s decision to open FDI in this segment, were on a mandatory 30 per cent sourcing from small domestic industries, 50 per cent of the investment to be in back-end infrastructure and outlets to be opened only in cities with population of more than a million.

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