https://www.taxtmi.com/news?id=4936 Permission for FDI in multi-brand retail trading is allowed through the Government approval route subject to conditionality: a minimum foreign investment, a required portion of FDI to be invested in back-end infrastructure within three years of the first tranche, at least thirty percent procurement from Indian small industries by value (averaged initially over five years then annually), self-certification with auditor-certified accounts, geographic and planning restrictions on retail outlets, prohibition of e commerce for FDI companies, State consent for implementation, and a Government first right to procure agricultural products. en-us Mon, 04 Mar 2013 18:23:17 +0530 Mon, 04 Mar 2013 18:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4936 Permission for FDI in multi-brand retail trading is allowed through the Government approval route subject to conditionality: a minimum foreign investment, a required portion of FDI to be invested in back-end infrastructure within three years of the first tranche, at least thirty percent procurement from Indian small industries by value (averaged initially over five years then annually), self-certification with auditor-certified accounts, geographic and planning restrictions on retail outlets, prohibition of e commerce for FDI companies, State consent for implementation, and a Government first right to procure agricultural products. News - Mon, 04 Mar 2013 18:23:17 +0530 https://www.taxtmi.com/news?id=4936