INDIA: Clarification on India FDI in multi-brand retail expected this week

Monday May 20 2013

Media reports are indicating that the Government of India will issue fresh clarifications this week on India foreign direct investment in multi-brand retail, nine months after the policy was announced.

Foreign retailers will be allowed to include only processed food items in the mandatory minimum 30% sourcing requirement from small enterprises, as per the fresh set of clarifications being contemplated on sourcing and investment in back-end infrastructure.

DIPP is also expected to spell out that foreign retailers will be able to source from the entire country, even from states where FDI in multi-brand retail is not allowed.

This information will be updated as further details become available.