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Foreign Direct Investment

Fresh retail FDI not now: Centre

Foreign direct investment (FDI) in retail sector for multi-brand products will be examined only after government receives reports from two analyst agencies, Rajya Sabha was informed yesterday.The two agencies are Indian Council for Research on International Relations (ICRIER) and...

Government taking steps to boost textile industry

To boost the textile sector, the government has been taking a series of steps including launching of Technology Mission on Cotton (TMC) and the Technology Upgradation Fund Scheme (TUFS) to enable modernisation and upgradation of the textile industry both...

Mattel Inc advocates 100 per cent FDI

Mattel Inc, the largest toys manufacturer in the US, wants India to allow 100 per cent FDI.“If the Indian government does not open up 100 per cent foreign direct investment in retail, then it will limit our ability to...

SJM and BMS to protest against retail

Pro-RSS Swadeshi Jagran Manch (SJM) and Bharatiya Mazdoor Sangh will be holding a massive demonstration in the capital on November 21 to protest against entry of corporates and foreign retailers into this sector, as they said it threatened the...

FDI in retail sector

Government has made it clear that Foreign Direct Investment up to 51 per cent in retail of single brands, which was allowed last year, should conform to certain policy norms, including an obligation on the foreign firm to sell...

Metro to open shop in Mumbai

With talks between Maharasthra Government and German retail giant Metro almost in the “final stages,” Mumbai is all set to get its first Metro store in December in the eastern suburb of Bhandup even as the fight between Big...

No FDI in retail says Kamal Nath

Commerce and Industry Minister Kamal Nath Monday ruled out Foreign Direct Investment (FDI) in retail saying that government was awaiting the report of the study on retail.''A study on retail in underway and report is still awaited. We have...

Sahai: Include agents in supply chain

Subodh Kant Sahai, minister of state for food processing industries, advised organised retailers to include commission agents in their supply chain, instead of sourcing directly from producers."I have asked the retail sector to make arthiyas (commission agents) a part...

Mixed reactions of retailer fraternity on Chidambaram statement on retail FDI

There was mixed reaction from retailers to Finance Minister P Chidambaram’s announcement that India will open up its $330 billion retail market to foreign investors.“The statement of the minister had no clear signals as to what the government will...

Protests shake confidence of Minister Kamal Nath in FDI in retail sector

The protests in Uttar Pradesh, Kerala and the national capital against organized retail appear to be impacting on the government as Commerce and Industry Minister Kamal Nath said “it is not (about allowing) Foreign Direct Investment, the issue is...
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Footwear brand Trase reacquired from Upscalio, raises $0.5mn

Trase was acquired by Upscalio in 2021 as part of its strategy to build a diversified portfolio of brands...
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