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    <title>10 STATES/ UNION TERRITORIES who gave their assent to FDI in retail</title>
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    <description>FDI up to 51% under the Government route is permitted in Multi Brand Retail Trading subject to conditions: minimum US$100 million FDI; at least 50% of FDI invested in backend infrastructure within three years (excluding land costs); at least 30% procurement value from Indian small industries ( US$1 million plant &amp; machinery) averaged over the first five years and thereafter annually; self certification with auditor certified accounts; outlet location restrictions tied to cities &gt;1 million (2011 census) and conforming master plans; e commerce by FDI retailers prohibited; State/UT opt in required and applications processed by DIPP before FIPB consideration.</description>
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    <pubDate>Thu, 20 Sep 2012 22:47:27 +0530</pubDate>
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      <title>10 STATES/ UNION TERRITORIES who gave their assent to FDI in retail</title>
      <link>https://www.taxtmi.com/news?id=3792</link>
      <description>FDI up to 51% under the Government route is permitted in Multi Brand Retail Trading subject to conditions: minimum US$100 million FDI; at least 50% of FDI invested in backend infrastructure within three years (excluding land costs); at least 30% procurement value from Indian small industries ( US$1 million plant &amp; machinery) averaged over the first five years and thereafter annually; self certification with auditor certified accounts; outlet location restrictions tied to cities &gt;1 million (2011 census) and conforming master plans; e commerce by FDI retailers prohibited; State/UT opt in required and applications processed by DIPP before FIPB consideration.</description>
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