Tag Archives: Foreign Investment Promotion Board

Multi-brand FDI in Retail: It’s a Yes! for Tesco

Finally, as 2014 rings in, its a good news for multi-brand retail FDI.¬†Foreign Investment Promotion Board (FIPB) approves Tesco’s proposal to invest $110 million in Indian retail market in JV with Tata’s Trent Hypermarkets.

The approval makes Tesco the official first in the Indian retail market to set shop in JV with an Indian brand.

Tesco will own 50 per cent stake in Trent Supermarkets that currently runs 16 Star Bazaar hypermarts across Maharashtra, Karnataka, Gujarat, and Tamil Nadu. But Gujarat and Tamil Nadu not yet up for FDI, the current JV will focus on the stores in Maharashtra and Karnataka.




FIPB approves H&M’s $115 billion investment plans in India

The Swedish retail brand, Hennes & Mauritz (H&M), has been given a nod of investing $115 billion (Rs 720 crore) in Indian retail market by the Foreign Investment Promotion Board (FIPB). With this approval, the retailer will set up fully owned subsidy in India.

It was earlier this year that world’s second largest fashion retailer had announced its plans to open 50 stores in India.


Stefano Ricci plans India entry; awaits FIPB approval for 100% FDI in retail

India has been across various reports, has emerged as a luring destination for investors in various sectors. Of these  sectors, retail is seeing a splurge of investment, especially with FDI opening up in single brand and multi brand.

This time the high-end Italian brand, Stefano Ricci, plans to make an India entry as it awaits FIPB approval for 100 per cent single brand FDI. The brand retails luxury menswear with stores across Europe, US and Asia.

Reports suggest that the brand will open its first store either in Delhi or Mumbai.

mii_slideshow_image_2Recently, even the crystal and gems brand Swarovski, has also filed proposal with FIPB for 100 per cent single brand FDI.

Furla to invest Rs 6.6 crore in India; awaits FIPB approval

The Italian premium handbag and accessories brand, Furla, is all geared to bring its retail presence in India. Currently awaiting FIPB’s approval to the proposal, the brand will further enhance its 49:51 JV with Gurgaon based retail conglomerate, Genesis.

FurlaThe JV together will invest Rs 13 crore in the country of which Rs 6.6 crore will come from Furla. Though the JV currently operates two franchised Furla stores and plans to open another in Kolkata or Bangalore.

Celio plans to raise stake in Future Group JV; FIPB says “ok!”

Its a good news for the French fashion brand Celio as Foriegn Investment Promotion Board (FIPB) approves its plans to raise the stake in Future Group JV. The brand can now raise its stake from 50:50 to upto 100 per cent, thus allowing it to invest nearly Rs 40 crore in the country.


As the news come in, the two companies are already in talks to discuss the details of the deals. The brand has been operational in the country since four years with 30 standalone stores and over 100 shop in shops.