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FIPB may take up 4 single brand retail proposals on 13 Feb – Retail in Asia

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FIPB may take up 4 single brand retail proposals on 13 Feb

The Foreign Investment Promotion Board (FIPB) of India is likely to take up four proposals of global brands, including Decathlon and Fossil Inc, worth over INR750 crore for setting up single-brand retail stores in India during its next meeting scheduled on 13 February.

"The FIPB, in its next meeting, is likely to take up proposals of French fashion brand Promod, France-based crockery maker Le Creuset, US-based accessories firm Fossil Inc and French Sports giant Decathlon, to open retail stores, under the single-brand retail policy," sources told PTI.

Last week, the Department of Industrial Policy and Promotion (DIPP) has sent the four proposals to the Board for its consideration, they added.