The Union government on August 1 approved the amendment or 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 yearĆās 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
FlashNews:
Sovereign Cloud Emerges as Indiaās AIāReady Digital Foundation
Shivalaya Construction Secures ERESā47 Transmission SPV for Eastern Grid Expansion from RECPDCL
Indiaās Open Mobility Pioneer Takes Its RideāHailing Model to Europe
NTPC, Africa50 Join Forces to Develop Power Projects Across Africa
NHAI Introduces Independent Design Checks for Major Bridges and Critical Highway Structures
SITA to Acquire Collins Aerospace Airport Solutions, Expanding Global Airport Technology Capabilities
RITES Dispatches First 18āCoach Rake to Bangladesh Railway under Export Contract
AM/NS India Signs Pact to Upgrade Four ITIs in Andhra Pradesh under PMāSETU
KONE Opens Indiaās First Digital Experience Centre in Pune to Drive Smart Building Innovation
NTPC Seeks Industrial Partners for 26% Equity in CoāGeneration Projects
India Businesses Advance AI, Digital Tools and Sustainability: Autodesk Report
Modi Opens India Mobile Congress, Says Nation Has Shifted from Consumer to Creator
Air India, Akasa Join IndiGo in Raising Fares as ATF Costs Surge 25%
Tata Power Partners with Norwayās Ocean Sun to Pilot MembraneāBased Floating Solar in India
New Relic Rolls Out InfrastructureāÆ360 for Faster, Smarter AI Operations
Inox Green Completes ā¹5.5āÆBillion Acquisition of Wind Worldās 4.5āÆGW O&M Business
Air India, Singapore Airlines Deepen Partnership to Expand Travel Options, Loyalty Benefits
Alok Tiwari Takes Additional Charge as DFCCIL MD, Pushes TechāDriven Freight Corridor Agenda
India Launches Integrated Transport & Logistics Authority to Cut Costs and Boost Connectivity
Home » multi-brand retail trading