Review of the policy on foreign direct investment in the Multi-Brand Retail Trading Sector-amendment of paragraph 6.2.16.5 (iii), (iv) and (vi) of Circular 1 of 2013-Consolidated FDI Policy

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....phs 6.2.16.5 (iii), (iv) and (vi) of the 'Circular 1 of 2013-Consolidated FDI Policy' effective from April 5, 2013, relating to the policy on FDI in Multi-Brand Retail Trading, read as below: 1.2   Paragraph 6.2.16.5 (iii) At least 50% of total FDI brought in shall be invested in 'backend infrastructure' within three years of the first tranche of FDI, where 'back-end infrastructure' will include capital expenditure on all activities, excluding that on front-end units; for instance, back- end infrastructure will include investment made towards processing, manufacturing, distribution, design improvement, quality control, packaging, logistics, storage, ware­ house, agriculture market produce infrastructure etc. Expenditure ....

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.... cities of their choice, preferably the largest city and may also cover an area of 10 kms around the municipal/urban agglomeration limits of such cities. The locations of such outlets will be restricted to conforming areas, as per the Master/Zonal Plans of the concerned cities and provision will be made for requisite facilities such as transport connectivity and parking. 2.0     Revised Position: The Government of India has reviewed the position in this regard and decided to amend Paragraph 6.2.16.5 (iii), (iv) and (vi) of Circular I of 2013-Consolidated FDI Policy', effective from April 5, 2013, as below: 2.1     Amendment to paragraph 6.2.16.5 (iii): At least 50% of total FDI brought in ....