FDI in retail: Increase mandatory sourcing norm to 50%

Last Updated: Tuesday, September 18, 2012, 16:27

Days after the government relaxed FDI norms in the retail sector, the country's apex apparel body AEPC on Tuesday said foreign retailers must be made to source up to 50 percent from MSMEs to protect domestic manufacturers.

IKEA needs to submit revised application for opening stores

Last Updated: Tuesday, September 18, 2012, 14:28

Swedish home furnishing major IKEA will have to revise its application and reapply to the government for opening stores in India after the relaxation of mandatory sourcing norms for FDI in single brand retail, an senior official said.

CII echoes Obama, calls for easing FDI norms

Last Updated: Tuesday, July 17, 2012, 20:04

The Confederation of Indian Industry (CII) Tuesday urged the government to urgently announce confidence-building reforms like opening up multi-brand retail trade that would send out positive signals to global investors about the Indian economy.

RBI notifies new FDI norms for pharma sector

Last Updated: Friday, December 9, 2011, 21:55

The Reserve Bank on Friday notified new rules doing away with automatic approval for foreign direct investment (FDI) in existing pharmaceutical companies.