Four layers of retail FDI at a glance
Wholesale 100% (B2B only), single-brand retail 100% (30% sourcing above 51%), multi-brand 51% with government approval, e-commerce marketplace only at 100%.
- Wholesale: group-company sales ≤ 25%
- SBRT: online first → store within 2 years
- MBRT: US$100M and state approval