Sourcing clause to deter foreign cos despite 100 pc retail FDI
New Delhi - The government's decision to completely open FDI in single brand retail is unlikely to have any significant change as foreign firms will be deterred by the 30 per cent sourcing clause, say industry players. Moreover, existing partnerships of foreign companies with local partners in India may not be majorly impacted, as they would adopt a wait and watch policy as "the government has a record of announcing something and backtracking on it."