Sourcing norms for FDI in single brand retail to be eased soon

New Delhi: India will ease mandatory local sourcing norms for FDI in single brand retail in the next few weeks, Commerce and Industry Minister Piyush Goyal has said. “India has opened up opportunities for single brand retail and is easing some detrimental clauses of the policy in next few weeks which will help single brand retail come in a bigger way to the country,” a statement said quoting the minister. He was addressing CEOs of MNCs in the UK-India Joint Economic and Trade Committee meeting in London on Monday. PTI