https://www.taxtmi.com/news?id=4260 Regulatory action permits FDI up to 51% in multi-brand retail trading to complement domestic investment, drive front and back end infrastructure and efficiencies, improve agricultural value chains, enhance consumer quality and pricing, and create employment; a 30% mandatory local sourcing requirement aims to encourage local value addition and manufacturing. Foreign investors must submit applications to the Department of Industrial Policy & Promotion for guideline conformity before consideration by the Foreign Investment Promotion Board, and allegations of corrupt practices will be dealt with under applicable anti corruption laws. en-us Thu, 13 Dec 2012 10:24:40 +0530 Thu, 13 Dec 2012 10:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4260 Regulatory action permits FDI up to 51% in multi-brand retail trading to complement domestic investment, drive front and back end infrastructure and efficiencies, improve agricultural value chains, enhance consumer quality and pricing, and create employment; a 30% mandatory local sourcing requirement aims to encourage local value addition and manufacturing. Foreign investors must submit applications to the Department of Industrial Policy & Promotion for guideline conformity before consideration by the Foreign Investment Promotion Board, and allegations of corrupt practices will be dealt with under applicable anti corruption laws. News - Thu, 13 Dec 2012 10:24:40 +0530 https://www.taxtmi.com/news?id=4260