Tesco 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
The Foreign Investment Promotion Board (FIPB) of India approved Swedish clothing retailer Hennes & Mauritz (H&M)’s proposal to open 50 stores in India. The proposal to set up 50 single-brand stores at an investment of Rs 7.2 ...
Several global players in the fashion and apparel retail sector, including Tesco, IKEA, Walmart and Hennes & Mauritz group (H&M), are planning to expand their business to India through the foreign direct investment route. Recently, ...
Tags: apparel retailers, Apparel
The 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
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 ...
Tags: Apparel Retailer, H&M, Apparel
Tesco and Sainsbury, two of the popular British supermarket chains, have applied with the Indian Government to open sourcing centres in the country, Union Commerce and Textiles Minister Anand Sharma said on the sidelines of a discussion ...
Tags: retail chains, retail, Apparel
Hennes & Mauritz (H&M), the world’s second-largest apparel retailer, has begun process of filing its application with the Government of India seeking permission to open wholly-owned single-brand retail stores in India. H&M CEO ...
Tags: Apparel Retailer, H&M, India Entry
Four global garment and home-textile brands are awaiting the approval from the Foreign Investment Promotion Board (FIPB) for setting up single-brand retail stores in India under its foreign direct investment (FDI) policy. The FIPB may ...
Business Line reported that Mahindra and Mahindra has decided to seek clarification from the Government on why the Foreign Investment Promotion Board had rejected its proposal to enter into a JV with Rafael Advanced Defense Systems of ...
Tags: Mahindra and Mahindra, Government, Foreign Investment Promotion Board, JV
Swedish 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 ...
The 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