Dyson wins nod for FDI in sin­gle-brand re­tail

The Hindu - - BUSINESS -

The Cen­tre on Wed­nes­day said it had cleared two for­eign di­rect in­vest­ment pro­pos­als — that of Dyson In­ter­na­tional and MM Re­tail in the sin­gle brand re­tail sec­tor. Dyson In­ter­na­tional got ap­proval to carry out sin­gle-brand re­tail trad­ing of ‘Dyson’ branded prod­ucts in In­dia, with the in­vest­ment en­vis­aged in the range of £5 mil­lion-£10 mil­lion. MM Re­tail Pvt. Ltd. also got a post-facto ap­proval for FDI pur­suant to RBI’s di­rec­tion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.