Cabinet eases FDI norms in coal mining, digital media to boost economic growth
Referring to global slow down in FDI, Goyal said the FDI regulations are being liberalised in Contractual Manufacturing, but the major principles still remain the same i.e, more than 30% localization has to be there in single brand retail sector.
In order to boost manufacturing and entry of more and more single brand retail, the government has eased FDI norms, Goyal said.