Home Retail Dyson International’s FDI proposal gets DIPP nod

    Dyson International’s FDI proposal gets DIPP nod

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    Two foreign direct investment (FDI) proposals, including that of consumer durables manufacturer , have received regulatory clearances, an official statement said on Wednesday.

    Dyson International's FDI proposal gets DIPP nod
    Another proposal belonging to MM Retail Private was given a post facto approval for FDI pursuant to direction from the Reserve Bank of India for conducting single brand retail trading

    According to the Commerce and Industry Ministry statement, a proposal from Dyson International to carry out single brand retail business in India was approved by Department of Industrial Policy and Promotion () on August 29.

    UK-based consumer durables giant Dyson plans to set up retail stores and research and development (R&D) facilities in India.

    Another proposal belonging to was given a post facto approval for FDI pursuant to direction from the Reserve Bank of India for conducting single brand retail trading.