The Indian government promised to reconsider the stringent investment conditions for foreign retailers in the multi-brand retail sector after the policy failed to attract much interest. Commerce Minister Anand Sharma said there is room to address concerns from industry and provide clarity on guidelines. The Department of Industrial Policy and Promotion may approach the Cabinet to consult on recommendations from a panel that suggested lifting the foreign direct investment cap to 74%. Major retailers met with Sharma seeking relaxation of requirements that 50% of investment go to backend infrastructure and 30% of products be sourced from small and medium enterprises. Foreign retailers want agro products to count toward the sourcing quota and flexibility in infrastructure investments beyond initial funding rounds. The government opened the sector last year but stringent rules