Foreign Direct Investment policy revised: automatic manufacturing and single brand retail rules, sourcing obligations, and digital news streaming controls. FDI policy amendments permit automatic route foreign investment for coal and lignite mining (including sale and defined associated processing infrastructure) subject to mining statutes; confirm manufacturing under automatic route including contract manufacturing and unrestricted sale via wholesale, retail and e commerce; set Single Brand Retail Trading under automatic route with single brand, branded at manufacture requirements, a local sourcing obligation for majority foreign investment with detailed counting and averaging rules, and brick and mortar timing for online retail; and require government approval for digital media news streaming. Effective from FEMA notification.
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Provisions expressly mentioned in the judgment/order text.
Foreign Direct Investment policy revised: automatic manufacturing and single brand retail rules, sourcing obligations, and digital news streaming controls.
FDI policy amendments permit automatic route foreign investment for coal and lignite mining (including sale and defined associated processing infrastructure) subject to mining statutes; confirm manufacturing under automatic route including contract manufacturing and unrestricted sale via wholesale, retail and e commerce; set Single Brand Retail Trading under automatic route with single brand, branded at manufacture requirements, a local sourcing obligation for majority foreign investment with detailed counting and averaging rules, and brick and mortar timing for online retail; and require government approval for digital media news streaming. Effective from FEMA notification.
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