Home / Knowledge / News / Apparel/Garments / India approves FDI proposals of 4 single-brand retailers
India approves FDI proposals of 4 single-brand retailers
14
Feb '13
India’s Foreign Investment Promotion Board (FIPB) has given its nod to foreign direct investment (FDI) proposals of four single-brand retailers – three from France and one from the US.
 
The proposal of sportswear and sports equipment retail giant Decathlon is for bringing in FDI of about Rs. 7 billion. The French brand is already present in India’s wholesale space, and it now plans to enter the retail segment.
 
French womenswear brand Promod’s proposal is for setting up a 51:49 joint venture with an Indian firm Major Brands, with an initial investment of around Rs. 0.30 billion.
 
The proposal of Fossil Inc, the US-based global lifestyle company specializing in consumer fashion accessories, is for investing Rs. 0.22 billion.
 
Le Creuset, France-based manufacturer of cookware and kitchen textiles, has not announced any investment plan but is likely to rejig its existing wholesale operations in India.
 
Single-brand retail market in India is estimated to be around Rs. 350 billion, a fraction of the huge Rs. 25000 billion Indian retail market, most of which is unorganized.
 
Since the Indian Government raised the FDI limit in single-brand retail from the earlier 51 percent to 100 percent in January last year, the FIPB has approved proposals of American clothing firm Brooks Brothers, Swedish furniture giant IKEA, and 2 other companies.
 
However, IKEA’s proposal still awaits the nod of the Cabinet Committee on Economic Affairs (CCEA), as it plans to invest Rs. 105 billion, much more than the upper limit of Rs. 12 billion for considering the FIPB’s as final.
 

Fibre2fashion News Desk - India


Must ReadView All

Building of Ethiopian textile unit by Chinese firm starts

Textiles | On 22nd Jan 2018

Building of Ethiopian textile unit by Chinese firm starts

Chinese firm Wuxi No. 1 Cotton Mill will build a textile plant in...

JD.com to invest $3.1 bn to revive industry in NE China

Apparel/Garments | On 22nd Jan 2018

JD.com to invest $3.1 bn to revive industry in NE China

To back the government’s campaign to revitalize the traditional...

SIMA makes pre-budget recommendations to Indian govt

Textiles | On 22nd Jan 2018

SIMA makes pre-budget recommendations to Indian govt

Exemption of 5 per cent goods and services tax (GST) on raw cotton,...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Victor Chao
Esmetex

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

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

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

Ritu Kumar
Label Ritu Kumar

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

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

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

January 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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