FDI in multi brand retail trading, in all products, will be permitted, subject to the following:
(a) FDI not allowed in Fresh agricultural produce including poultry, meat etc
(b) Minimum amount as FDI would be US $ 100 million
(c) At least 50% of total FDI brought in the first tranche of US $ 100 million, shall be invested in ‘back-end infrastructure‘ within three years like warehouse, manufacturing, packaging, logistics etc
(d) At least 30% of the products purchased in value shall be sourced from Indian MSME, farmer cooperatives etc, which have a total investment in plant & machinery not exceeding US $ 2.00 million.
(e) To be met as an average of initial five year purchases and subsequently on annual basis
(f) Retail Stores to be set up in cities with population more than 1 Million based on 2011 census
(g) States may frame their own policies