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The Government Is Working on Guidelines for E-Commerce Sector
Jun 4, 2015The government is working on guidelines for e-commerce sector in the backdrop of ongoing tussle between online and offline retailers, according to media reports quoting a top government official has said. The government is aware of the ...
Tags: E-Commerce, Service
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The Largest and Fastest Growing Government Initiative---Make in India
Jan 6, 2015‘Make in India’ has become the largest and fastest growing Government initiative ever on digital media, leaving behind all other Government schemes, Ministry of Commerce and Industry has announced. Since its launch just ...
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Tommy Hilfiger's India JV Registered a 66 Per Cent Rise in Its Profits
Nov 28, 2014American apparel brand Tommy Hilfiger’s India joint venture with Arvind has registered a 66 per cent rise in its profits in the last fiscal year ended March 31, 2014, the company said in a filing to the Registrar of Companies. ...
Tags: retail sales, apparel brand, Apparel
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Tesco Applies to Indian Government for Developing a Multi-Brand Retail Business in India
Dec 19, 2013Tesco Plc., the world’s third-largest retailer, has applied to the Indian Government for developing a multi-brand retail business in India. The company has filed its application with the Department of Industrial Policy and ...
Tags: Multi-Brand Retail, UK's Tesco
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30 Percent Sourcing Clause in Small and Medium Enterprises Said by India's MSME Minister
Jul 26, 2013Global multi-brand retailers wishing to enter the Indian market through foreign direct investment (FDI) route must comply with the mandatory 30 percent sourcing clause, Mr. KH Muniyappa, Minister of Micro, Small and Medium Enterprises ...
Tags: Indian market, Apparel
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Cabinet Note Moved by Indian Government to Relax FDI Norms
Jul 25, 2013In yet another attempt to lure foreign investors to invest in Indian retail sector through the foreign direct investment (FDI) route, the Indian Government is yet again planning to relax local sourcing and investment norms and has ...
Tags: Cabinet Note, FDI Norms
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Health Ministry Inspect That FDI Limit Is Not at The Cost of The Public Health Goals
Jul 16, 2013India’s Health ministry is planning to organize an inter-ministerial meeting to inspect that the current foreign direct investment (FDI) limit in the pharma industry is not at the cost of the public health goals. The Department of ...
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India's Minister Will Be Meeting Heads of Global Retail Chains on June 27
Jun 26, 2013India’s Minister of Commerce and Industry Anand Sharma will be meeting heads of global retail chains on June 27 to address their concerns related to the Government’s foreign direct investment (FDI) Policy in multi-brand retail ...
Tags: Global Retail Chains, Apparel
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India Is Soon Likely to Issue Some Clarifications on Its FDI Policy
May 28, 2013The Government of India is soon likely to issue some clarifications on its foreign direct investment (FDI) policy, which will come into effect "prospectively", Commerce and Industry and Textiles Minister Anand Sharma told media after his ...
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Indian Sticks to 30 Percent Local Sourcing Clause Set for Retailer Seeking to Set Shops
May 3, 2013The Indian Government is likely to stick to its 30 percent local sourcing clause set for global single-brand retailers seeking to set shops in India through the foreign direct investment (FDI) route, according to an Economic Times report. ...
Tags: IKEA, Textile, Textile Industry
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Ikea Has Come a Step Closer to Become The Largest Investor
Nov 22, 2012Swedish home furnishing major Ikea has come a step closer to become the largest investor in India's single-brand retail, as the Foreign Investment Promotion Board (FIPB), the Government of India's single-window body to clear foreign ...
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The Government of India Will Soon Approve The Proposal of IKEA
Nov 10, 2012The Government of India will soon approve the proposal of Swedish home furnishing retailer IKEA to invest Rs. 105 billion to set up single-brand retail outlets across the country. Speaking at the World Economic Forum on India in Gurgaon, ...
Tags: home furnishing, retailer, IKEA, invest, apparel retailer
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The Government of India Has Issued a Notification Allowing Retailers to Open Outlets
Sep 24, 2012The Government of India has issued a notification allowing global multi-brand retailers to open their outlets in India. The notification issued by the Department of Industrial Policy and Promotion(DIPP)said 51 percent foreign direct ...
Tags: outlets, multi-brand retailers, DIPP, FDI
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India's Plans to Ease Rules on Foreign Investment in Retail Have Today Come Into Effect
Sep 20, 2012India's plans to ease rules on foreign investment in retail have today(20 September)come into effect,even as protests against the policy took place throughout the country. In a statement,India's Department of Industrial Policy&Promotion ...
Tags: rules, foreign investment, strike
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