Wednesday, 28 August 2019

Cabinet eases FDI rules for single brand retail

The govt has relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. On FDI in single brand retailing, the Cabinet has expanded the definition of mandatory 30% domestic sourcing norm. Commerce and industry minister Piyush Goyal said 100% FDI under automatic route in coal mining and associated infrastructure has been approved.

from Times of India https://ift.tt/2Hpvlc3
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