"Why do we want to have something which is not going to change in any way the parameter in the market and therefore we want to explain it out to the Finance Ministry. "Specifically for the high-end technology products, we took a line that we would not mind waiving the 30 per cent local sourcing requirement...Now the Finance Ministry has already taken a different position, and we will certainly talk to them. "I want more clarity on that...We will talk and make sure that sooner we will come out with some decision. "When asked the government's view on the multi-brand retail trading, she said: "There is nothing for me to report then what it exists." We are not in favour of bringing them here.

Source: Economic Times May 30, 2016 14:48 UTC