The Department of Industrial policy and promotion (DIPP) is considering a move to scrap the 30 per cent domestic sourcing clause, which could result in higher foreign direct investment (FDI) inflows. This has been viewed by many luxury firms such as LVMH and Gucci as a stumbling block as they argue that it is difficult to source high-end goods locally.
Domestic clause for FDI in retail to be scrapped
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