https://www.taxtmi.com/circulars?id=11828 The Government permits FDI up to 51% in Multi Brand Retail Trading under the Government route, subject to conditions: a prescribed minimum foreign investment threshold; mandated investment of a specified portion of total FDI into defined back end infrastructure within a set period (excluding land costs and rentals); a local procurement obligation from Indian small industries based on installation time investment valuation; investor self certification with auditor certified accounts; outlet location restrictions tied to city population and master/zonal plans; government first right on agricultural procurement; prohibition of e commerce retailing by FDI owned multi brand retailers; and requirement of State consent and central processing before approval. en-us Thu, 20 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11828 The Government permits FDI up to 51% in Multi Brand Retail Trading under the Government route, subject to conditions: a prescribed minimum foreign investment threshold; mandated investment of a specified portion of total FDI into defined back end infrastructure within a set period (excluding land costs and rentals); a local procurement obligation from Indian small industries based on installation time investment valuation; investor self certification with auditor certified accounts; outlet location restrictions tied to city population and master/zonal plans; government first right on agricultural procurement; prohibition of e commerce retailing by FDI owned multi brand retailers; and requirement of State consent and central processing before approval. Circulars FEMA Thu, 20 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11828