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Government clarifies back-end investment norms

Allied facilities to get big push with new norms.

Tags: retail, retailer, fdi rules, foreign investment, foreign retailers

June 07, 2013  |  comments ( 0 )  | 
Government clarifies back-end investment norms

The government has clarified the rules relating to foreign investment in back-end of retail sector and it has welcomed investment in supply chain and logistics across the country, irrespective whether a state government has allowed FDI in retail. In addition, foreign retailers in multi-brand retail will also be required to invest in back-end infrastructure. The government had earlier also made it mandatory for foreign retailers to source 30 per cent of processed goods from small industries, and not wholesale outlets.

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