Home / Knowledge / News / Pavers England makes India foray through relaxed FDI norms
Pavers England makes India foray through relaxed FDI norms
Nov '12
Pavers England, a UK-based footwear firm, has become the first single-brand retailer in the footwear sector to gain entry in India through the foreign direct investment (FDI) route after the Indian Government relaxed the norms allowing 100 percent FDI in the sector, according to an official statement.
Government of India already increased the FDI limit in single brand retail from 51 percent to 100 percent during last year, however, overseas brands continued to face some difficulties with regards to sourcing from small and medium scale producers. Owing to this, it relaxed its sourcing norms and made it preferable rather than mandatory.
Following the Indian Government’s nod, Pavers England is likely to pump in an investment of Rs. 982.6 million in India. 
According to the statement, based on recommendations of the Foreign Investment Promotion Board (FIPB), Indian Government cleared 12 FDI proposals worth Rs. 7.066 billion.
After Pavers England, FIPB would next mull over allowing the Swedish furniture maker IKEA, which proposes to invest Rs. 105 billion in the country.
The Government initially turned down Spanish firm Zara’s proposal for single brand retail FDI on ownership issues, but then in September it reached a decision that any company which seeks to enter the Indian market need not own the brand.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Kerem Durdag
Biovation II LLC

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

Marcel Alberts

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

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

Igor Chapurin

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

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