FDI in single brand retail
Q. Which of the following statements is/are correct?
1. Government has allowed to sell products through e-commerce for Single-brand retail FDI firms.
2. Single-brand retailers have to locally procure 30% of their goods sold in India over a span of five years- Published on 16 Nov 15a. Only 1
b. Only 2
c. Both
d. None
ANSWER: Both
- Single-brand retail firms also have been allowed to sell products through e-commerce, subject to government approval.
- Manufacturers have been permitted to sell their products through wholesale/retail – including through e-commerce.
- Also, a single entity has also been allowed to carry out business in wholesale/cash & carry and single-brand retail.
