Monday, March 17, 2025 | 06:20 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Budget 2018: Despite 100% FDI in retail, existing players want sweeter deal

Till now, single brand retailers had to source 30 per cent locally

Budget 2018: Despite 100% FDI in retail, existing players want sweeter deal
Premium

Till now, single brand retailers had to source 30 per cent locally, but the new FDI rules allow them to count sourcing for its global operations as well during the initial five years

Karan Choudhury New Delhi
New entrants, including international fashion brands and white goods appliance companies, are likely to find the 100 per cent foreign direct investment (FDI) in single-brand retail via automatic route an incentive to enter India. However, existing players hope the government would bring some further changes in the upcoming Budget to sweeten the deal for them as well.

Till now, single brand retailers had to source 30 per cent locally, but the new FDI rules allow them to count sourcing for its global operations as well during the initial five years.

“We are happy to hear about the local sourcing requirement being offset

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in