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Local sourcing rules for single-brand retail FDI to be eased
short by Krishna Veera Vanamali / on Friday, 5 July, 2019
Finance Minister Nirmala Sitharaman on Friday said that mandatory 30% local sourcing norms for FDI in single-brand retail will be eased. India will consider raising foreign direct investment limits in the media, aviation, animation and insurance sectors. She also proposed to raise limits on foreign portfolio investment to be at par with foreign direct investment.
read more at Bloomberg Quint