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Sep 18, 2012, 08.25 AM IST
All eyes are now on the DIPP which is expected to notify the FDI policy in the next couple of days.
All eyes are now on the DIPP which is expected to notify the FDI policy in the next couple of days.
Clarifying on some important aspects, DIPP secretary Saurav Chandra told CNBC's Rituparna Bhuyan that single brand retailers have the option to not source from medium and small industries and thanks to the new FDI rules, premium fashion retailer Zara now can re-approach the government again on some crucial investment related proposals, which was earlier rejected by the FIPB.
On being asked that can Zara approach government, Saurabh Chandra, secretary, DIPP, says that’s an extreme option but we believe that out of the 30% which is reserved for domestic industries, quite a bit will be sourced from SMEs also.
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