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Govt considering further FDI relaxation in select sectors

Govt considering further FDI relaxation in select sectors

Government is considering further relaxing foreign direct investment (FDI) norms in several areas, including trading, with an eye on more inflows.

Xiaomi seeks exemption from local sourcing norms

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India

Single-brand retail: Apple resubmits proposal, Xiaomi applies

Single-brand retail: Apple resubmits proposal, Xiaomi applies

iPhone and iPad maker Apple has resubmitted its application for opening single-brand retail stores in the country as there were certain gaps in its earlier proposal.

Single brand retail: Richemont plans to invest $25 mn

Swiss retailer Richemont plans to invest about USD 25 million in India to set up single brand retail stores in the country.

DIPP working out detail definition of 'single brand retail'

Government is in the process of coming out with a definition of 'single brand retail' to remove ambiguities, in the wake of issues arising out of retailing of sub-brands by global retailers like M&S and Zara.

FIPB may take up 4 single brand retail proposals on Feb 13

"The FIPB, in its next meeting, is likely to take up proposals of French fashion brand Promod, France-based crockery maker Le Creuset, US-based accessories firm Fossil Inc and French Sports giant Decathlon, to open retail stores, under the single-brand retail policy," sources said.

Govt clears three FDI proposals in single brand retail

The proposals were cleared by the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram.

Single brand retail: Govt rules out easing sourcing norms

Ruling out relaxation of the mandatory sourcing norm for global retailers who want to set up stores in India, the government today companies have to procure 30 per cent of their merchandise requirement from domestic small industries.

Not worried on WTO fallout in single brand FDI: Virbhadra

Government on Friday said that it is not unduly worried on any WTO implications of the decision to make 30 percent sourcing compulsory from domestic small firms by foreign single brand retailers.

'Nod for FDI in multi-brand retail may take many more months'

The Indian government could take several months before it gives the green signal to foreign direct investment (FDI) in multi-brand retail allowing global chains to open stores in the country, the latest report of the US Agriculture Department said.