https://www.taxtmi.com/news?id=2448 The Government permits FDI in Multi Brand Retail in a calibrated manner with government approval, subject to a minimum investment threshold, requirement that a specified share of FDI be invested in backend infrastructure (processing, distribution, logistics, storage and related facilities excluding land costs), self-certification and auditor-verified accounts, retail location restrictions to specified large cities and surrounding areas, allowance for unbranded fresh agricultural produce, a government first right to procure, and a mandatory local sourcing obligation requiring procurement from small enterprises defined by a capped plant and machinery valuation. en-us Fri, 25 Nov 2011 18:16:45 +0530 Fri, 25 Nov 2011 18:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2448 The Government permits FDI in Multi Brand Retail in a calibrated manner with government approval, subject to a minimum investment threshold, requirement that a specified share of FDI be invested in backend infrastructure (processing, distribution, logistics, storage and related facilities excluding land costs), self-certification and auditor-verified accounts, retail location restrictions to specified large cities and surrounding areas, allowance for unbranded fresh agricultural produce, a government first right to procure, and a mandatory local sourcing obligation requiring procurement from small enterprises defined by a capped plant and machinery valuation. News - Fri, 25 Nov 2011 18:16:45 +0530 https://www.taxtmi.com/news?id=2448