https://www.taxtmi.com/circulars?id=52217 FDI in multi brand retail requires 30% sourcing of manufactured or processed goods from small industries (Plant & Machinery investment cap USD 1 million), applicable only to front end store sales and excluding fresh produce. At least 50% of FDI must be additional greenfield investment in back end infrastructure; acquisitions or equity stakes in existing infrastructure do not count. Front end stores must be company owned and company operated; multi brand retail by e commerce and wholesale/B2B activity by the same entity are not permitted. State laws apply and States may impose additional conditions. en-us Fri, 07 Jun 2013 00:00:00 +0530 Fri, 14 Jun 2013 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52217 FDI in multi brand retail requires 30% sourcing of manufactured or processed goods from small industries (Plant & Machinery investment cap USD 1 million), applicable only to front end store sales and excluding fresh produce. At least 50% of FDI must be additional greenfield investment in back end infrastructure; acquisitions or equity stakes in existing infrastructure do not count. Front end stores must be company owned and company operated; multi brand retail by e commerce and wholesale/B2B activity by the same entity are not permitted. State laws apply and States may impose additional conditions. Circulars FEMA Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52217