DIPP ap­proves 2 FDI pro­pos­als in sin­gle-brand re­tail sec­tor

Mint ST - - CORPORATE -

New Delhi: The com­merce and in­dus­try min­istry on Wed­nes­day said it has ap­proved two for­eign di­rect in­vest­ment pro­pos­als, in­clud­ing that of Dyson In­ter­na­tional, in the sin­gle brand re­tail sec­tor. Dyson In­ter­na­tional got an ap­proval to carry out sin­gle brand re­tail trad­ing of ‘Dyson’ branded prod­ucts in In­dia, it said in a state­ment. The in­vest­ment en­vis­aged in the range of £5-10 mil­lion. MM Re­tail Pvt. Ltd also got a post facto ap­proval for FDI pur­suant to di­rec­tion from the Re­serve Bank of In­dia. PTI

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.