The DPIIT clarifies about the local sourcing requirements of Single Brand Retail Trading entities under FDI policy

The Department for Promotion of Industry & Internal Trade (DPIIT) on 25 February 2020 issued a clarification about the FDI policy on Single Brand Retail Trading (SBRT). Department has received representations from various business entities regarding whether sourcing of goods from units located in Special Economic Zone (SEZ) would qualify as sourcing from India, and the clarification has answered in the affirmative.