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Review Of FDI In Multi-Brand Not Under Consideration

“There is no proposal under consideration of the government to review the FDI policy on multi-brand retail,” union commerce and industry minister Nirmala Sitharaman said in a written reply to the Lok Sabha. The current foreign direct investment policy permits overseas players to hold 51 per cent stake in an Indian retail company. So far, only one foreign player, Tesco, has received approval for opening stores under the multi-brand retail…
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Apparel and Textile News

Bangla Industrialists To Set Up Retail Chain In India

Some Industrialists from Bangladesh expressed their desire to set up a RS. 1,000 crore retail chain in India to sell apparel produced by the 24 billion US Dollars readymade garment industry there. President, Federation of Bangladesh Chamber of Commerce and Industry, Matlub Ahmad along with some industrialists of that country met the Prime Minister Narendra Modi during his visit there on June 7 to get the latter’s support for the…
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Apparel and Textile News

PM Support Bangladesh Investment In Gujarat

Prime Minister Narendra Modi gave his support to a Bangladesh proposal to invest 25 million US Dollar in selling Bangladeshi garments in India, the main business group there said. In a meeting on Sunday, the federation of Bangladesh chamber of commerce and industry told Modi it was seeking 50 acre of land either free of cost or at a nominal price in Gujarat. "We told him that we want to…
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