Indian govt may consider easing local sourcing for FDI | 2019-08-26

Indian govt may consider easing local sourcing for FDI

26 August, 2019 12:00 AM printer

New Delhi: The government will soon consider a proposal of relaxing rules for complying with the mandatory 30 per cent local sourcing norms by foreign single brand retailers, official sources said.

As per the proposal, single-brand retail firms would also be permitted to open online stores before setting up brick-and-mortar shops report agencies.

Currently, online sale by a single-brand retail player is allowed only after opening of physical outlet.

Relaxations are expected in a provision where foreign retail traders are presently allowed to adjust procurement of goods from India.


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