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Govt likely to ease FDI rules for retail

Govt likely to ease FDI rules for retail

Monday, March 13, 2017, 1:08 PM

The government is expected to move swiftly to ease foreign investment rules for the tightly-policed multibrand retail sector after BJP’s resounding win in the Uttar Pradesh assembly elections. One option is a limited opening up by allowing food retailers to generate around 20-25% of their sales from non-food items such as kitchen-use products or basic household requirements like toothpaste.
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