Business Standard

Monday, December 23, 2024 | 02:13 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

DIPP approves 3 FDI proposals for single brand retail

Image

Press Trust of India New Delhi
Three foreign direct investment (FDI) proposals, including that of Mountain Trail Foods and Kohler India Corporation, were approved by the department of industrial policy and promotion (DIPP) in the single brand retail sector.

Mountain Trail Foods would undertake retail trading of food products including tea and beverages, according to the DIPP's Foreign Investment Facilitation portal.

The company had proposed to invest USD 10 million.

Kohler India Corporation will carry out single brand retailing of 'Kohler' branded products in India.

Similarly, Merlin Entertainments India got approval to undertake retailing under the brand 'Madame Tussauds'. It plans to invest Rs 1 crore.
 

The portal was set up after the winding up of the foreign investment promotion board.

FDI into the country had grown 9 per cent to USD 43.47 billion in 2016-17.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 18 2017 | 7:02 PM IST

Explore News