Foreign Retailers Buying From Domestic Biz A Win-Win For Both: RAI
  • WebDesk BTVI
  • Aug 29 2019

The government has relaxed the definition of 30 per cent local sourcing norm in single-brand retail trading and permitted online sales without prior opening of brick and mortar stores. Kumar Rajagopalan, CEO of Retailers Association of India (RAI), said this move will bring in the much-needed investments. He said many big retail brands are capable of sourcing more than 30 per cent locally and foreign retailers buying from domestic business will be a win-win for both. Here's more.