<h1>India Approves 51% Foreign Direct Investment in Multi-Brand Retail; Focus on Infrastructure and Local Sourcing.</h1> The Union Cabinet approved a policy allowing up to 51% foreign direct investment in multi-brand retail through government approval, focusing on cities with populations over one million. The policy requires a minimum investment of $100 million, with at least half allocated to backend infrastructure like cold chains and transportation, aiming to reduce post-harvest losses and benefit farmers. It mandates sourcing at least 30% from Indian small industries, fostering domestic manufacturing and employment. The policy is optional for states, aligning with India's federal structure, and is supported by the Competition Commission to prevent anti-competitive practices.