Wednesday, August 14, 2013

Detail in retail seeks to make investment easier

The foreign investors can now invest in Brownfield units or existing back-end infrastructure to meet the minimum investment norms. The Cabinet also allowed rental and land costs to be included in the mandatory investment in back-end infrastructure. It has also been clarified that in case of states which don't have cities with population more than 10 lakhs as per the 2011 census, the state government can decide whether and in which city they would allow foreign retailers to set up shop.

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