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It has been proposed in the Union Budget of 2019 that local sourcing norms applicable on foreign direct investment (“FDI”) would be further relaxed. Currently, 100% FDI is allowed in single-brand retail with the condition that where the investment exceeds 51%, the investment would have to be approved by the Government and the sourcing of 30% of the value of goods purchased should be done from local Indian sources, preferably MSMEs, village and cottage industries, artisans, craftsmen etc.