Easing local sourcing norms in single brand retail to help companies firm up investments: Experts

The government's decision to relax local sourcing conditions for foreign direct investment (FDI) in single brand retail trading would provide a certainty to companies that are looking to invest in the sector, experts say.

Deloitte Partner Anil Talreja said, while it would depend on the exact details of the relaxation of sourcing norms, the announcement is clearly laying out the carpet once again for the global single brand retail companies in India.

Many of these companies were sitting on the border in a dilemma over investment in the Indian market on account of difficulty in meeting these sourcing conditions, he said