According to industry experts, the companies could find it difficult to comply with these norms.
In January, Walmart told the US government privately that India's new rules were regressive and had the potential to hurt trade ties.
Flipkart did not comment on the investments planned for the new venture.
It also notified the decision to allow 26 per cent FDI in digital media, a move over which certain industry and experts have raised issues.
The capital typically passes through empty corporate shells that have no real business activity.
FM Nirmala Sitharaman in her Budget speech had said that local sourcing norms will be eased for FDI in single brand retail sector.
The present FDI policy is silent on the fast-growing digital media segment.
Commerce and industry ministry is working on a proposal that would be finalised soon and sent for Union Cabinet's approval.
On multi-brand retail we are very clear as of now it's a 49 pc restriction for foreign investment, Goyal said.
Global FDI flow slipped by 13 per cent in 2018 to USD 1.3 trillion, from 1.5 in the previous year.