ESSENTIALS

Apparel Online - - Cover Story -

The FDI norms re­lax­ation for sin­gle brand re­tail in the coun­try, in­clud­ing re­lax­ation of manda­tory lo­cal sourc­ing re­quire­ment of 30 per cent, will also be a ma­jor boost for fast­fash­ion ma­jors to set up shops in In­dia. Fur­ther, In­dia’s im­proved per­for­mance on the World Bank’s ‘Ease of Do­ing Busi­ness’ rank­ing – mov­ing up 30 places to rank 100th out of 190 coun­tries – will fur­ther boost for­eign in­vest­ment in the coun­try.

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