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Department of Industrial Policy and Promotion

DIPP approves Reebok India's proposal to set up single brand retail store

The Department of Industrial Policy and Promotion has approved Reebok India's proposal to set up single brand retail stores in the country. "The proposal to undertake single-brand retail trading of Reebok branded products in India has been approved. It entails...

Grofers gets DIPP approval for online trading of food products

Online grocery firm Grofers has received Government nod for retailing food products in India and will invest US $40 million to expand operations in the country. Grofers was the first company to seek in August last year approval under the...

Amazon to get official nod for FDI in food retail

US retail giant Amazon's proposed US $500 million investment in retail of food products in India would soon get official nod, an official said. According to a PTI report: The proposal was pending before the Foreign Investment Promotion Board (FIPB)...

Commerce Ministry to boost leather manufacturing, exports

Following up on the Budget announcement, the Commerce and Industry Ministry has got down to preparing a draft scheme for the leather and footwear segment -- on the lines of textiles -- to boost manufacturing, exports and job creation,...

OPPO Mobiles and 5 more companies seek Govt nod for single brand retail

Six companies including OPPO Mobiles and MTR Foods Pvt Ltd have sought Government approval to undertake single-brand retail trading in India entailing foreign direct investment. According to a PTI report: China's OPPO Electronics Corp has sought the nod from Department...

Nirmala Sitharaman to discuss Apple retail store matter with FM

Commerce and Industry Minister Nirmala Sitharaman said she will take up with the Finance Ministry the issue of relaxing mandatory sourcing norms for iPhone maker Apple, which wants to set up retail stores in the country. According to a PTI...

FDI highest in 29 months, doubles to $4.48 billion in January

Foreign direct investment (FDI) in India more than doubled to US $4.48 billion in January, the highest inflow in last 29 months. According to a PTI report: In January 2014, the country had received US $2.18 billion in FDI. It...

How 100 pc FDI in e-commerce can help malls

The Indian retail real estate sector is slowly waking up to the fact that the recent amendment from Department of Industrial Policy and Promotion (DIPP) on 100 per cent foreign direct investment (FDI) in e-commerce seems is a welcome move for...

FDI touches record $51 billion in FY16: DIPP

Foreign Direct Investment into India touched the "highest ever" mark of $51 billion during the April-February period of last fiscal ended March 31, Department of Industrial Policy and Promotion (DIPP) Secretary Ramesh Abhishek said on Monday at a FICCI...

Levi Strauss seeks approval for direct retail

Levi Strauss & Co, the maker of the popular Levi's denim jeans, has filed an application with the Department of Industrial Policy and Promotion (DIPP), the nodal agency for foreign direct investment in India, to seek approval for converting...
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Latest News

Reliance Retail’s revenue grows 18% to cross Rs 3 lakh crore in FY24

During the financial year 2023-24, the total footfall at Reliance Retail stores was at 1,063 million (around 106.3 crore)...
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