Moneycontrol PRO

business

Cabinet clarifies retail FDI norms; bans franchisee route

In response to the DIPP‘s plea for clarity on FDI policy in multi-brand retail (MBR), the Cabinet issued clarifications which allow only 30-percent sourcing for front-end stores and forbid the MBR entity from conducting any other form of distribution.

first published: Jun 6, 2013 08:08 pm

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