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Tag: FDI

E-Commerce
Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

Manufacturing Units Can Sell Products Through E-Commerce

Manufacturing units set up through foreign direct investment (FDI) can sell their products through retail including e-commerce platforms without any additional approval. This clarification was given by commerce and industry minister Nirmala Sitharaman in a written reply in Rajya Sabha, the upper house of Parliament. Mentioning the steps taken for effective expansion and foreign investment […]

FDI
Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

FDI In E-Commerce Retail Not Under Consideration

Allowing foreign direct investment (FDI) in India’s e-commerce retail sector is not among the plans being considered by the government at present, union commerce and industry minister, Nirmala Sitharaman has said. In a written reply to Rajya Sabha, she said, “No such proposal is under consideration of the government” At present the government is holding […]

Textile Sector
Apparel and Textile News Apparel Brands and Companies

Vietnam Textile Sector Attracts FDI

Although Foreign Direct Investment (FDI) in Vietnam has fallen significantly in the first six months of this year, it rose sharply in the textile and garment sector recently. Several domestic and foreign-invested cotton projects are rushing to begin operating in anticipation of competing across borders after Free Trade Agreements (FTAs) go into effect. At least […]

Apparel and Textile News Apparel Brands and Companies

Centre Approves Wacoal’s FDI Proposal

Following recommendations of Foreign Investment Promotion Board (FIPB) in its recent meeting, the centre has approved a proposal of Wacoal International Hong Kong Co. Ltd. for foreign direct investment (FDI) in single brand retail trading (SBRT). Wacoal International had sought approval to set up a joint venture with 51 per cent equity participation for undertaking […]

Apparel and Textile News

Six FDI Proposals In The Process Of Approval

Six proposals for foreign direct investment (FDI) in the single brand retail sector are under the process for approval, the union minister of state for food and consumer affairs, Mr. Raosaheb Patil Danve said in a written reply to the Lok Sabha. In January 2012, India raised the FDI cap in single-brand retail to 100 […]

Nike Files For 100% Single-Brand Retail FDI
Apparel and Textile News

Nike Files For 100% Single-Brand Retail FDI

American sportswear firm Nike Inc has filed for setting up a wholly owned subsidiary in India to sell its own brand of products. Nike India Pvt Ltd has filed the application with the Department of Industrial Policy and Promotion on August 29, the department’s website showed. Nike entered India about two decades ago and currently […]

Apparel and Textile News Ministry of Textiles News

FDI In Textile Sector

  The source-wise details of Foreign Direct Investment made in textile sector in the country from April 2011 to May, 2014 are given in Annexure. Government is implementing various schemes to ensure the maximum utilisation of FDI in textile sector like Technology Upgradation Fund Scheme (TUFS), Scheme for Integrated Textile Parks (SITP), Integrated Skill Development Scheme (ISDS), […]

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