No easier rules for foreigners, say home retailers

Govt considers dilution in MRP labelling rules for global single-brand giants

India-based multi-brand retail giants are questioning any demarcation in labelling rules between them and single-brand retailers.
 
In the hope of billions of dollars in foreign direct investment (FDI), the government is planning major changes in the labelling norms to exempt international single-brand retailers from stamping the Maximum Retail Price (MRP) on every product.
 
This has been a major demand of a host of global entities, including furnishing giant Ikea and infotech major Apple. They want to follow the international labelling norms for both aesthetic and cost reasons, they say. Indian multi-brand retailers question this. “Why should foreign retailers