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Louis Vuitton and 4 other brands get FDI nod for single brand retail in India

The Government has approved five foreign direct investment (FDI) proposals, including that of Oppo Mobiles India and Louis Vuitton Malletier, in the single brand retail sector, according to the department of industrial policy and promotion (DIPP). According to a PTI...

Textile sector growing exponentially, has more potential: Smriti Irani

The textile industry is growing exponentially in the country, with Foreign Direct Investment (FDI) having tripled in three years, Union Minister Smriti Irani said. According to a PTI report: The FDI flow into the sector reached US $618.95 million in...

FDI in textiles more than doubled to US $619 mn in 2016-17

Foreign direct investment (FDI) in textile sector more than doubled to US $618.95 million during 2016-17 from US $230.13 million in the previous fiscal, Parliament was informed on Thursday. According to a PTI report: In a written reply to Lok...

Govt approves three proposals for FDI in food retail

The Government has approved three FDI proposals -- from Amazon Retail, Supermarket Grocery Supplies and Grofers India -- worth over Rs 3,700 crore for retail trading of food products, Parliament was informed on Wednesday. While Amazon Retail has proposed investment...

Food processing sector attracted FDI worth US $183 mn in last two months

The food processing sector has attracted FDI to the tune of US $183 million in last two months, Union Minister Harsimrat Kaur Badal said on Thursday. "This year in the last two months (May-June 2017) alone, 183 million dollars has...

Reebok seeks Govt's approval to open single brand retail stores

Reebok India has sought Government's nod to set up single brand retail stores in the country. According to a PTI report: The company has submitted its proposal to the Department of Industrial Policy and Promotion (DIPP). "The DIPP is looking at...

Harsimrat Kaur Badal takes up high GST rate on pickles, papad with FM

Union Food Processing Minister Harsimrat Kaur Badal has taken up with the finance ministry the issue of high GST rate proposed on some products like pickles, murabba and papad and sought a review of the same. According to a PTI...

Badal hints at FDI policy change on processed food

The Government's allowing 100 per cent FDI in domestic trading of food products has yielded results, Food Processing Industries Minister Harsimrat Kaur Badal has said, while hinting the Central Government is looking at permitting FDI in non-food items, along...

Government mulls easing FDI in retail

The Government is moving ahead with further opening of retail sector to foreign investments, and detailed deliberations in this regard were held in the finance ministry. According to a PTI report: The commerce and industry ministry may soon approach the...

Expert Speak: Trends transforming the retail industry

The era of digitalization has brought about many ground breaking changes across industries. Technology has started playing a more significant role in the growth of newer business models and improving consumer preferences placing consumers in total control of the...
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Shoppers Stop reaches milestone with 10 million first citizen club members

Members of this program enjoy exclusive benefits such as personalized offers, early access to sales and new collections, invitations...
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