Foreign Investment Promotion Board Archives - Inside Retail Asia

Oppo Mobiles India given nod to open stores

Oppo Mobiles India has been granted approval to open single-brand retail stores.

Swarovski seeks Indian approval

Crystal jewellery and accessories maker Swarovski is seeking to open single-brand retail stores in India. Swarovski has applied to the Foreign Investment Promotion Board to establish 100 per cent owned stores across India. Currently, Swarovski is selling its products in India through 34 franchised stores. It says the investment application is aimed at better controlling its operation in the country. With regards to 30 per cent sourcing clause, Swarovski says it will have no problem meet…

H&M gets India approval

India’s Foreign Investment Promotion Board has approved the proposal of Swedish retailer H&M to open stores in India. H&M will invest 7.2 billion rupees (US$113 million) to open 50 stores across India. The company is the second Swedish retailer after Ikea to get approval from the Indian government to invest in single-brand retail. H&M’s first store is likely to open before the year ends or in early 2014. Meanwhile, a decision on an application by British telecommunication…

Bulgari plans own stores in India

Italian luxury goods company Bulgari aims to take full control of its planned Indian store network. It filed an application with the Foreign Investment Promotion Board (FIPB) to open its own stores in India. Details of the application have not been disclosed. Bulgari, owned by LVMH Group, has been been in India before, however it exited the market in 2011 after it ended its partnership with Lifestyle Tradelinks India. While the approval is still pending, Bulgari has already sought a spa…

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