Products introduced under FDI in India need to be of a single brand and should be sold globally under the same brand. For proposals involving FDI of 51 per cent or more, it is necessary to source at least 30 per cent goods from the small-scale sector of the country.
The ministry of commerce and industry and the ministry of finance are discussing the issue of easing the FDI policy for the sector. Single brand retail sector has a lot of potential of attracting FDI and the government wishes to provide easy policies for domestic as well as foreign investors, said a news agency citing a source.
The mandatory sourcing from local MSMEs was tweaked by the government last year. It agreed to exempt foreign firms from the norm for three years if they bring state-of-the-art technology to the country.
FDI in India touched $40 billion in 2015-16, a 29 per cent rise from $30.93 billion in 2014-15. (KD)
Fibre2Fashion News Desk – India
It will take some time for the people to change their buying choices
‘Portugal is taking away a major share of the mill made sector.’
Moving towards sustainability is also a social change
Comec Italia Srl is a world leader in the production of printing machines. ...
Japan's Epson, a leader in digital textile printing, Italy's For.Tex, a...
Based out of South Delhi, Gargee Designer's provides bespoke formal and...
Biovation II LLC
Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...
Atlanta-based private start-up Brrr° was founded in 2014 to develop...
Twinery Innovations by MAS
Twinery-Innovations by MAS is the innovation arm of Sri Lankan company MAS ...
Twee In One
Best known for convertible clothing, Indian brand Twee In One by designer...
<div>Delhi-based Gritstones Clothing offers quality and exemplary style...
Aditi Somani specialises in luxury fusion wear with international cuts and ...