<h1>India Amends FDI Policies: 30% Local Sourcing Required for Single and Multi-Brand Retail to Boost Small Industries.</h1> The Indian government has amended foreign direct investment (FDI) policies for single and multi-brand retail trading. For single-brand retail with FDI beyond 51%, companies must source 30% of their goods from India, focusing on small and medium enterprises, artisans, and craftsmen. This requirement is self-certified and audited, initially averaged over five years, then annually. For multi-brand retail, 51% FDI requires sourcing 30% from small industries with investments under $1 million. These policies aim to boost local production, support small industries, and integrate Indian producers into global markets, enhancing employment and income opportunities.