https://www.taxtmi.com/news?id=21674 Foreign Direct Investment is permitted in multi brand retail subject to a government approved cap and a mandatory minimum initial investment, with a required portion of that initial sum invested in back end infrastructure within a set period (excluding land cost and rentals). Companies must self certify compliance and maintain auditor certified accounts. A domestic sourcing obligation requires a defined share of manufactured or processed goods to be procured from Indian micro, small and medium enterprises, measured initially over a multi year average and thereafter annually. Retail outlets are restricted by city population and state consent, and e commerce by FDI companies in multi brand retail is prohibited. en-us Wed, 10 Jul 2019 17:38:57 +0530 Wed, 10 Jul 2019 17:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21674 Foreign Direct Investment is permitted in multi brand retail subject to a government approved cap and a mandatory minimum initial investment, with a required portion of that initial sum invested in back end infrastructure within a set period (excluding land cost and rentals). Companies must self certify compliance and maintain auditor certified accounts. A domestic sourcing obligation requires a defined share of manufactured or processed goods to be procured from Indian micro, small and medium enterprises, measured initially over a multi year average and thereafter annually. Retail outlets are restricted by city population and state consent, and e commerce by FDI companies in multi brand retail is prohibited. News - Wed, 10 Jul 2019 17:38:57 +0530 https://www.taxtmi.com/news?id=21674