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Aug 03, 2015
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Sourcing norms for single-brand retail likely to be reviewed
Rules for foreign investment in single-brand retail might be tweaked again, if signals coming from the government and the industry are any yardstick. The Narendra Modi-led central government, opposed to foreign direct investment (FDI) in multi-brand retail, seems to be planning to remove hurdles for international single-brand retailers, which are allowed up to 100 per cent FDI (with riders).
Source -
http://www.business-standard.com
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