2 re­tail FDI plans okayed

The Hindu Business Line - - FRONT PAGE - PTI

The Com­merce and In­dus­try Min­istry to­day said it has ap­proved two for­eign di­rect in­vest­ment pro­pos­als, in­clud­ing that of Dyson In­ter­na­tional, in the sin­gle brand re­tail sec­tor. Dyson In­ter­na­tional got 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 RBI.

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