Foreign Direct Investment

Unhappy with Finance Minister Pranab Mukherjee's proposal to levy a mandatory 10 per cent excise duty on branded clothing, garment retailers, including Pantaloons, Shoppers Stop, Westside, Manyavar, Madura Garments, Provogue, Pepe and Killer, have decided to remain shut on...

Even as the modern retail sector in India was awaiting an announcement on further liberalising the country's foreign direct investment policy, the Union Budget for FY 2011-12, presented in Parliament by Finance Minister Pranab Mukherjee on February 28, played...

The 11th edition of India Fashion Forum (IFF 2011) kicked off with a positive note for the Indian textile retail sector, which is expected to witness a high growth rate in the years to come. The two-day event (February...

Despite a growing economy, increasing consumerism, favourable demographics and more than a million high net worth individuals, the Indian timewear industry is not able to grow to its full potential; thanks to government restrictions on foreign direct investment (FDI).A...

World's second largest retailer Carrefour has entered the booming Indian retail sector with its first wholesale cash-and-carry outlet in Delhi. The 5,200-sq.m store at Seelampur Metro Mall, inaugurated on December 30, will offer 10,000 food and non-food items to...

Foreign direct investment in Indian textile sector during 2009 has gone up by 11 percent to Rs 968.7 crore from Rs 869.6 crore in the previous year. Minister of State for Textiles Panabaaka Lakshmi said that FDI in the...

Ermenegildo Zegna Group, the world leader in luxury menswear, and Reliance Brands Ltd, a part of the Reliance Group, have set up a joint venture to develop the Zegna brand in India.The joint venture aims to ramp up the...

Ermenegildo Zegna Group, a world leader in luxury menswear, has formed a joint venture with Reliance Brands, a part of Reliance Group, to develop the Zegna brand in India.In the 2010-2015 period, the joint venture company will launch 10...

India has evolved as one of the major destinations for luxury products, and the luxury watch market has a sizeable share of the country's overall luxury market. The rise in disposable income, coupled with growing brand consciousness of the...