 "reebok")
Reebok India has sought government's nod to set up single brand retail stores in the country.
The company has submitted its proposal to the Department of Industrial Policy and Promotion (DIPP).
“The DIPP is looking at the application,” an official said.
At present, Germany's Adidas AG sells Adidas and Reebok sports shoes and clothes in India.
An e-mail to Reebok in this regard did not elicit any response.
According to the foreign direct investment or FDI policy, 100 per cent equity investment is allowed in single brand retail trading.
FDI of up to 49
The company has submitted its proposal to the Department of Industrial Policy and Promotion (DIPP).
“The DIPP is looking at the application,” an official said.
At present, Germany's Adidas AG sells Adidas and Reebok sports shoes and clothes in India.
An e-mail to Reebok in this regard did not elicit any response.
According to the foreign direct investment or FDI policy, 100 per cent equity investment is allowed in single brand retail trading.
FDI of up to 49
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