Sanghamitra Mandal06 Dec 2013, 10:37
Debates – both politically motivated and economy-focused – might be raging in India regarding foreign direct investment (FDI) in the retail segment, but the Indian government is constantly paving the path for global majors to enter the Indian market. In its latest bid to attract foreign investment, the Foreign Investment Promotion Board (FIPB) has given its nod to Swedish retailer Hennes & Mauritz (H&M) who plans to open 50 stores across the country and invest around Rs 700 crore under the single-brand retail format.