There’s a lot of global interest in India, in sourcing from here. There’s been a 40% rise in FDI from last year to this year. There’s already $200 million that has come in this year, she said…READ MORE
KEEP READINGNot only has this made the segment bigger, it has also opened up avenues for players in terms of how they conduct business…READ MORE
KEEP READINGIndia allows 100 per cent investment by foreign wholesalers, but if they want to access the burgeoning retail market, they can only have a 100 per cent holding to sell food items…READ MORE
KEEP READINGThe Government is looking to ease FDI restrictions for the recently opened food retail by allowing stores to sell non-food products up to a certain value, besides tweaking rules for some segments of the real estate sector after a series of liberalisation efforts earlier this year…READ MORE
KEEP READINGSmall and medium industries hold the key to revival of exports from India, commerce and industry minister Nirmala Sitharaman says while ruling out any relaxation in the FDI regime for food processing sector. In an interview to ET, she says the government’s initiatives are not meant to favour the big industries but rather to give a boost to small ones…READ MORE
KEEP READINGGlobal companies are cold in setting up brick-and-mortar stores because they are either confused about the new amendments to policy allowing 100% foreign investment in food retailing and relaxing the years that “cutting edge” single brand companies can avoid the 30% local sourcing to eight years from five years because they are fearful the new regulations skew up a level-playing field in food retailing…READ MORE
KEEP READINGThe government has done away with additional layer of approvals as well as removed ambiguities in the provisions while further opening doors for foreign investments in nine sectors, Finance Secretary Ashok Lavasa said on Wednesday…READ MORE
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