Source: Business Standard, Aug 26, 2019
New Delhi: The government will soon consider a proposal of relaxing rules for complying with the mandatory 30 per cent local sourcing norms by foreign single brand retailers, official sources said.
As per the proposal, single-brand retail firms would also be permitted to open online stores before setting up brick-and-mortar shops.
Currently, online sale by a single-brand retail player is allowed only after opening of physical outlet. Read the rest of this entry »