Home / Knowledge / News / Apparel/Garments / India to permit 100% FDI in single-brand retail - Minister
India to permit 100% FDI in single-brand retail - Minister
28
Dec '11
The Government of India will press ahead with its decision to raise the foreign direct investment (FDI) limit in the country's single-brand retail sector from the existing 51 percent to 100 percent.

During his meeting with representatives of the country's fashion industry at an event in New Delhi, Textiles and Commerce & Industry Minister Anand Sharma said there will not be any break on the issue of allowing 100 percent FDI in single-brand retail and the Government is going ahead with its decision regarding the same.

However, there is a pause in issuing the notification on allowing 51 percent FDI in multi-brand retail due to logjam in Parliament over the issue, the Minister added.

The decision to allow 100 percent FDI in single-brand retail will encourage well-known apparel retailers like GAP (the US), H&M (Sweden), Prada (Italy), and Arcadia Group (the UK) to set up their shops in India.

It will also enable some single-brand global players that are already in India through local partnerships to have complete ownership of business in India. These include Christian Dior (France), Marks & Spencer (the UK), Canali (Italy), Zara (Spain), Louis Vuitton (France) and Jimmy Choo (the UK).

At present, FDI in cash and carry segment is permitted up to 100 percent in India, while no foreign investment is allowed in multi-brand retail.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search