Home / Knowledge / News / Apparel/Garments / Swedish apparel retailer H&M applies for India entry
Swedish apparel retailer H&M applies for India entry
Apr '13
The Swedish multinational apparel-retailer Hennes & Mauritz (H&M) has submitted its application to Foreign Investment Promotion Board (FIPB) for opening 50 wholly-owned-single-brand-retail stores across India.

H&M is planning to make an investment of Rs. 7.2 billion in India as part of its expansion plans in the emerging countries, including India and China.

During the visit to India in February this year, Mr. Karl Johan Persson, CEO of H&M, said the company has studied India's single-brand retail policy for foreign direct investment (FDI) and it would comply with it.

He had added that India presents an interesting as well as huge market for H&M and the company is seeking to enter it for quite some time as the potential is enormous.

According to him, H&M would initially begin with few stores and then expand thereafter. He also informed that the company may offer something new to Indian consumers in terms of fashion apparels, including their quality and prices.

H&M would become the second Swedish retailer to apply for foraying in the Indian market, as IKEA’s Rs. 105 billion proposal has already been cleared by the Foreign Investment Promotion Board (FIPB) and is awaiting a final nod from the Cabinet Committee on Economic Affairs (CCEA).

Currently, the company has 2,800 stores spread across 49 markets and India will be 50th market for the brand.

According to the recent list of suppliers released by the company, about 31 percent, i.e. 311 of the total 993 factories that supply to H&M are from the four South Asian countries—India, Bangladesh, Pakistan and Sri Lanka.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Ashok Desai
Bombay Textile Research Association

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

Marcel Alberts

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search