20.06.2016

Commercial

‘Make in India’ eased for FDI in single brand retail

MANU/PIBU/0497/2016

The Central government took further steps liberalising norms for foreign direct investment in single brand retail.

Aside from more sectors of the economy being opened to the automatic approval route, local sourcing norms – bugbear for many international brands – have been eased for three years.

Notable is up to 100 per cent foreign investment in the defence sector, up from 49 per cent; media broadcasting services, civil aviation, and, of course, single brand retail.

Tags : Fdi retail relaxed norms

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