30 per cent local sourcing norm in retail eased, Centre announced today

The government today said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment (FDI) under automatic route in coal mining and associated infrastructure has been approved.



The government today said it is taking steps to relax norms for Foreign Direct Investment in several sectors including single brand retail, digital media and manufacturing to boost the flagging economy.

Here are the major announcements of the Centre: