https://www.taxtmi.com/news?id=21794 Foreign investment is permitted for single brand product retailing provided products are sold under the same brand internationally and branded at manufacture; non-resident entities may operate directly or via agreement with an Indian entity. Brick-and-mortar single brand retailers can undertake e-commerce. For foreign investment beyond certain control thresholds, a 30% domestic sourcing requirement applies (preferably from MSMEs/artisans), self-certified and auditor-verified, averaged over the first five years from first store opening; incremental global sourcing may be set off against this obligation during that five-year period. Indian-brand ownership controls and technology-based temporary sourcing relaxations are noted. en-us Wed, 24 Jul 2019 16:54:12 +0530 Wed, 24 Jul 2019 16:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21794 Foreign investment is permitted for single brand product retailing provided products are sold under the same brand internationally and branded at manufacture; non-resident entities may operate directly or via agreement with an Indian entity. Brick-and-mortar single brand retailers can undertake e-commerce. For foreign investment beyond certain control thresholds, a 30% domestic sourcing requirement applies (preferably from MSMEs/artisans), self-certified and auditor-verified, averaged over the first five years from first store opening; incremental global sourcing may be set off against this obligation during that five-year period. Indian-brand ownership controls and technology-based temporary sourcing relaxations are noted. News - Wed, 24 Jul 2019 16:54:12 +0530 https://www.taxtmi.com/news?id=21794