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of <h1>India Allows 51% Foreign Direct Investment in Multi-Brand Retail, with Conditions on Investment and Local Sourcing.</h1> The Government of India has revised its policy on Foreign Direct Investment (FDI) to allow up to 51% FDI in Multi-Brand Retail Trading under the Government route, subject to specific conditions. These include a minimum investment of US $100 million, with at least 50% invested in backend infrastructure within three years, and 30% of procurement from Indian small industries. Retail outlets can only be established in cities with populations over 10 lakh, adhering to local zoning plans. The policy excludes e-commerce and requires state/union territory approval for implementation. The decision is effective immediately.
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