Home / Knowledge / News / Apparel/Garments / Retail majors keen to enter India: Commerce Minister
Retail majors keen to enter India: Commerce Minister
Apr '13
Mr. Anand Sharma
Mr. Anand Sharma
As India opened entry of foreign firms in multi-brand retailing in the country through foreign direct investment (FDI) route, last year, several retail majors like Tesco and Sainsbury have expressed interest in launching outlets in India, Commerce and Industry Minister Anand Sharma has said.
As per the new policy that came into force last year, foreign investors can invest up to 51 percent in multi-brand retailing in India through FDI route.
As per the rules, overseas retailers willing to venture in the multi-brand space in India would be required to invest a minimum US$ 100 million, half of which should go towards the back-end infrastructure.
Alongside Tesco and Sainsbury, others like H&M and Carrefour have also expressed interest in setting up shops in the country, Mr. Sharma said on the sidelines of a function in New Delhi.
Some of the retail majors, including the UK-based Tesco and Sainsbury, already have their sourcing arm in India.
Likewise, overseas multi-brand retailers like Walmart, Carrefour, Tesco and Metro have invested in India by way of cash-and-carry arrangements.
Auchan, one of the world’s biggest hypermarket chains, which is already operating 13 hypermarkets in India under a franchise agreement with Max Hypermarket India, has also expressed desire to enter India’s multi-brand retail space.
In a recent call on Mr. Sharma, Chairman of the France-based retailer, Auchan Vianney Mulliez informed the Minister about the company’s plan to launch 60 outlets in India.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

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,...

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

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

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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