Summary:
Thirty per cent compulsory local sourcing in Foreign Direct Investment (FDI) in retail is a huge opportunity the local retailers and manufacturers are missing, said, experts. "First of all, retailers and small-time manufacturers are not aware of compulsory local sourcing for FDI in retail. They will grab every opportunity for local sourcing, that complies to their standards. Companies like Ikea will need local suppliers. It will need local suppliers..