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

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

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

October 2017

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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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