The Government of India has approved a total of 18 proposals for investment in the country’s single-brand retail sector between April 2010 and May 2013.
The Government of India has approved a total of 18 proposals for investment in the country's single-brand retail sector between April 2010 and May#
The approved proposals include the application of fashion brand Promod, French sports giant Decathlon and accessories firm Fossil Inc, for opening retail stores under the single-brand foreign direct investment FDI) policy, the Parliament was informed earlier this week.
The Government of India has approved a total of 18 proposals for investment in the country's single-brand retail sector between April 2010 and May#
Among the 18 proposals approved by the Government, five proposals for setting up single-brand retail stores under the FDI policy were approved during April-May 2013. These proposals were worth US$ 137.68 million, The Hindu reported quoting PTI.
The Government of India has approved a total of 18 proposals for investment in the country's single-brand retail sector between April 2010 and May#
In January 2012, the Indian Government raised FDI limit in single-brand retail from 51 percent to 100 percent.
The Government of India has approved a total of 18 proposals for investment in the country's single-brand retail sector between April 2010 and May#
Fibre2fashion News Desk - India
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