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Tag: FDI

Handicraft Exports witnessed 13.15 % growth in 2016-17
Apparel and Textile News Ministry of Textiles News

Handicraft Exports witnessed 13.15 % growth in 2016-17

The Union Textiles Minister Smriti Zubin Irani has urged the exporting fraternity to take care of the welfare of artisans who are the backbone of the sector.  After inaugurating IHGF – Delhi Fair Autumn 2017, the Minister appreciated the role of Export Promotion Council for Handicrafts (EPCH) in promoting exports of handicrafts.  She noted that […]

Review Of FDI In Multi-Brand Not Under Consideration
Apparel and Textile News

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, […]

Chumbak Applies Single Brand License to Manage Outlets
Apparel and Textile News Retail News

Chumbak Applies Single Brand License to Manage Outlets

Apparel producer and retailer of accessories, ‘Chumbak’ has applied to the government for single brand licence to operate a combination of its own stores and e-commerce website. A person familiar with the development said the Bengaluru-based company has filed its single brand application with the Department of Industrial Policy and Promotion (DIPP) late last month. […]

MSMEs Faces Tough Competition from Cheap Chinese products
Apparel and Textile News Trade Info News

MSMEs Faces Tough Competition from Cheap Chinese Products

Indian Micro, Small and Medium Enterprises (MSMEs) are facing tough competition from cheap Chinese products and it is evident from the high growth of India’s imports from China. As per information compiled from the data provided by Director General of Commercial Intelligence & Statistics, Imports in respect of 11 major product groups, largely manufactured by […]

Govt Okays 100% FDI In E-Commerce
Apparel and Textile News Global News Retail News

Govt Okays 100% FDI In E-Commerce

The government has okayed 100 per cent Foreign Direct Investment (FDI) in marketplace e-commerce, where the company only provides platform for buyer and seller to connect. “100 per cent FDI under automatic route is permitted in marketplace model of e-commerce,” the Department of Industrial Policy and Promotion (DIPP) said in a press release. “FDI is […]

Govt Clarifies FDI Position In E-Commerce
Apparel and Textile News Global News Trade Info News

Govt Clarifies FDI Position In E-Commerce

Commerce and industry minister Nirmala Sitharaman said in a written reply in Rajya Sabha that foreign investment in Business to Customer (B2C) e-commerce activities has been opened in a calibrated manner. She listed three circumstances under which an entity is permitted to undertake retail trading through e-commerce. First, a manufacturer is permitted to sell its […]

Gas Jeans Seeks Approval For Opening Shop
Apparel and Textile News Global News Trade Info News

Gas Jeans Seeks Approval For Opening Shop

Gas Jeans, owned by Italy based Grotto family, has sought approval from the Department of Industrial Policy and Promotion (DIPP) to open its own single-brand retail stores across India. Swedish fashion retailer Hennes and Mauritz (H&M) has already debuted in India with opening of two retail outlets in New Delhi this year, while German sportswear […]

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