Massimo Dutti cleared to enter India

Massimo Dutti has finally been cleared to invest in India after an earlier application has been rejected by the Indian authorities earlier this year.

The Inditex-owned brand will operate in India through a joint venture with Tata Group’s Trent. The joint venture will open five stores in two years with an investment of 1.5 million euros (US$1.9 million).

Reports say the first application was rejected as it was filed by Zara Holdings Netherlands. According to the Department of Industrial Policy and Promotion (DIPP) rule, the investor must own the brand it is proposing to bring into India. Zara Holdings is just a unit of Inditex.

Massimo Dutti’s parent Inditex has been present in India through its main Zara brand, which now has 10 stores in India, operated by a joint venture with Trent.

Inditex has 6000 stores in 86 markets, 630 of which are Massimo Dutti.

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