FDI IN RETAIL

FOR FDI IN MULTI-BRAND RETAIL

• Government permission for up to 51 per cent
  
• Fresh agricultural produce, fresh poultry, fishery and meat products, may be unbranded
  
• Minimum amount fixed for foreign investor is $100 mn
  
• At least 50% of the total FDI must be invested in ‘back-end infrastructure’
  
• At least 30% of the manufactured and processed products’ procurement should be from ‘small industry’
  
• Compliance through self-certification. Investors need to keep all records
  
• Retail sale locations can be set in cities with more than one million population, based on the 2011 census
• The government will have the first right to procure agricultural produce