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Published: November 11, 2017 12:05 AM IST 
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DIPP approves FDI proposal for single-brand retail sector
New Delhi, Nov 10 (PTI) The Department of Industrial Policy and Promotion (DIPP) today said it has cleared a proposal of Christian Louboutin FZCO in the single-brand retail sector."Proposal of Christi
New Delhi, Nov 10 (PTI) The Department of Industrial Policy and Promotion (DIPP) today said it has cleared a proposal of Christian Louboutin FZCO in the single-brand retail sector.
“Proposal of Christian Louboutin FZCO for acquiring 51 per cent of the equity shares capital of Christian Louboutin India Pvt Ltd and for addition of handbags, cosmetics and jewellery/imitation jewellery to the list of products approved in the previous approval,” according to the DIPP s Foreign Investment Facilitation portal.
The portal was set up after the winding up of the foreign investment promotion board.
FDI into the country grew 9 per cent to USD 43.47 billion in 2016 17.
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This is published unedited from the PTI feed.