Home / Knowledge / News / Apparel/Garments / FIPB approves 66 single-brand retail proposals since 2006
FIPB approves 66 single-brand retail proposals since 2006
05
Dec '12
A total of 66 proposals for foreign direct investment (FDI) in single-brand retailing have been approved by India’s Foreign Investment Promotion Board (FIPB) since 2006, Economic Times said quoting PTI.
 
Last month, Pavers became the first company under the Government’s new policy to allow 100 percent FDI in single-brand retail, whose proposal was cleared by the FIPB.
 
Apparel retailer Brooks Brothers is among the other 65 brands that have got FIPB nod for entering Indian single-brand retail market, Minister of State for Commerce and Industry S Jagathrakshakan said in a written reply to Lok Sabha, the lower house of Indian Parliament.
 
In February 2006, the Government of India allowed FDI in India’s single-brand retail with an upper cap of 51 percent. However, the FDI limit was increased to 100 percent in 2012.
 

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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:
May 2017

May 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