Government clarifies back-end investment norms

Allied facilities to get big push with new norms.
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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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