India: India procurement for global operations may be counted for local sourcing obligations

30 Oct, 2017: Multinational retailers such as Ikea and H&M could soon enjoy easier sourcing norms with government planning to relax the conditions for 30 per cent mandatory local purchase for their Indian retail operations. The industry department is finalising a proposal that will allow foreign companies to count the procurement they do for their global operations from India as part of their local sourcing obligations.