https://www.taxtmi.com/news?id=3777 Permitting foreign direct investment in multi brand retail trading allows establishment of retail outlets only with State consent and in compliance with State laws and local zoning; outlets are limited to major urban agglomerations or designated principal cities. A mandated portion of FDI must be invested in back end infrastructure-defined to include processing, manufacturing, distribution, quality control, packaging, logistics and storage-within a fixed timeframe, excluding land costs and rentals. A high level group under the Minister of Consumer Affairs will examine internal trade and recommend reforms. en-us Fri, 14 Sep 2012 18:51:42 +0530 Fri, 14 Sep 2012 18:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3777 Permitting foreign direct investment in multi brand retail trading allows establishment of retail outlets only with State consent and in compliance with State laws and local zoning; outlets are limited to major urban agglomerations or designated principal cities. A mandated portion of FDI must be invested in back end infrastructure-defined to include processing, manufacturing, distribution, quality control, packaging, logistics and storage-within a fixed timeframe, excluding land costs and rentals. A high level group under the Minister of Consumer Affairs will examine internal trade and recommend reforms. News - Fri, 14 Sep 2012 18:51:42 +0530 https://www.taxtmi.com/news?id=3777