Department of Industrial Policy and Promotion
Retail
Government to speed up on 'Startup India' programme
The Ministries of Labour and Environment are are fast-tracking their mechanisms to speed up the clearances and speedily implement the 'Startup India' programme.
"We are moving ahead with a faster pace to implement the measures," Joint Secretary, Department of Industrial...
Retail
FDI in e-commerce favours consumers, startups
The Government's decision to allow 100 per cent Foreign Direct Investment (FDI) in the market place format of e-commerce retailing has stirred reactions from all across the industry, and research analysts and e-tailers are a happy lot.
“The allowance of...
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IAMAI welcomes 100 pc FDI; RSS, CAIT oppose
With an aim to attract more foreign investments, the Government has permitted 100 per cent Foreign Direct Investment (FDI) in the market place format of e-commerce retailing. FDI has not been allowed in inventory-based model of e-commerce as per...
Fashion & Lifestyle
Gas to open own stores in India
Italian fashion apparel major Gas Jeans has reportedly sought approval from the Department of Industrial Policy and Promotion (DIPP) to open its own single-brand retail stores across India.
Gas Jeans, which offers apparel for the young crowd under the GAS...
Retail
India on threshold of rapid growth for several decades to come: Amitabh Kant
In a recent interview with Richard Fenning, CEO of Control Risks, Amitabh Kant, Secretary of the Department of Industrial Policy and Promotion (DIPP) and the principal architect of ‘Make in India’, one of the government’s flagship initiatives, spoke about...
Retail
DIPP Mulls Scrapping of 30% Mandatory Domestic Sourcing Clause for FDI in Single-Brand Retail
The department of Industrial policy and promotion (DIPP) may do away with the 30 percent domestic sourcing clause for FDI in single brand retail leading to increased foreign direct investment inflows, according to a leading daily. Luxury retailers like...
Retail
Amitabh Kant of DIPP Suggests Opening 100% FDI in E-commerce Retail
Amitabh Kant, Secretary, Department of Industrial Policy and Promotion (DIPP) has suggested that India should open up the e-commerce retail trade for foreign players completely, as reported by PTI.
Kant said that stakeholders' have already been consulted on FDI and...
Retail
‘FDI in retail should start with minority participation’
C Rangarajan today said allowing foreign direct investment (FDI) in multi-brand retail should start with minority participation as was done in the case of insurance sector to help a large number of domestic retail organisations grow on the back...
Retail
Italian fashion brand Naracamacie keen to enter Indian retail market
Italian fashion brand, Naracamacie, is keen to enter the Indian retail market, and has sought government permission for the same. In an application made through a potential franchisee, Sagar Shwekramani of the UAE, Naracamacie has told the Foreign Investment...
Retail
Organised retail benefits consumers and farmers: ICRIER
Indian Council for Research on International Economic Relations (ICRIER), in its report on the 'impact of big retail on neighbourhood stores' has supported organised retail in the country.
According to the report submitted to the Department of Industrial Policy and...
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The Luxottica report card for 2022
A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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