Cabinet approves 26% FDI in digital media

The Union Cabinet announced major reforms, including easing local sourcing norms for FDI in single-brand retailing

e4m by exchange4media Staff
Updated: Aug 28, 2019 8:12 PM
Union Cabinet

The Union Cabinet has announced the approval of 26 per cent Foreign Direct Investment (FDI) in digital media, subject to government approval.

At a meeting held on Wednesday, August 28th, the Union Cabinet announced major reforms, including the incorporation of e-commerce in India and easing local sourcing norms for FDI in single-brand retailing, among others.

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