DIPP news and archive

Government to boost homegrown leather brands through new scheme

The Indian government is set to boost homegrown leather brands like Woodland , Red Tape , Hidesign by giving a marketing and promotional fillip to compete with brands like Louis Vuitton, Hermes, and Salvatore Ferragamo. The government will provide funds and facilitate through other possible means to take these brands across the globe. There is...

RetailFeatured

Online vendors feel the heat as marketplaces change policy

While consumers were elated with the discount war heating up the ecommerce markets on the eve of Independence Day celebration, online vendors, on the other hand, had enough reasons to feel the heat. It has been quite some time that the ecommerce market in India has been witnessing a jaw dropping discount war during festivities and celebrations....

Business

Single-brand retail policy on local sourcing may be changed

High-tech companies such as Apple Inc may be given more time by the government to comply with the domestic sourcing norms for opening single-brand retail stores in the country. The government doesn’t want to dilute the 30 per cent local sourcing norm but doesn’t mind giving more time to firm interested in opening single-brand retail outlet. The...

Retail

CAIT wants a regulatory body to rope in e-com players

Traders’ body, Confederation of All India Traders (CAIT), demanded formation of a Regulatory Authority for India’s online retail market. It has alleged that e-commerce firms are openly flouting norms which were laid down under foreign direct investment (FDI) policy. A joint statement by CAIT president B C Bhartia and secretary general Praveen...

Business

Government contemplating 100 per cent FDI in market place model

The government is thinking of introducing foreign direct investment (FDI) in a market place format of e-commerce retailing. This is being thought of keeping in mind more foreign investments. So far 100 per cent FDI is only allowed in business-to-business (B2B) e-commerce and not in retail segment. A group of senior officials from departments of...

Retail

DIPP defends Centre's FDI policy

The Department of Industrial Policy and Promotion (DIPP) has defended the foreign direct investment (FDI) policy in the Delhi High Court by taking recourse to Supreme Court’s rulings in the last few decades. DIPP urged the court to dismiss a petition filed by traditional retailers alleging that online retailers had violated the e-commerce FDI...

Retail

Govt to help Indian luxury brands establish global presence

Following ‘Make in India’ initiative, the government is trying to initiate talks with international luxury leather brands such as Coach, Tod's and Hermes to set up their manufacturing centres in the country. The plan includes supporting Indian luxury and designer brands establish a strong overseas presence. Speaking at the recent CII-ET Dialogue...

Retail

DIPP supports e-com firms in litigation against shoe retailers

The government has supported ecommerce companies in their legal battle against the Footwear Manufacturers and Retailers Association (AIFMRA). The Department of Industrial Policy and Promotion (DIPP) favours the notion that none of the Foreign Direct Investment (FDI) rules have been violated by online retailers as professed by the group of...

Retail

Govt to simplify FDI guidelines for physical and ecommerce retail

After the Union government held discussions with stakeholders of ecommerce market over FDI amid opposition from the Retailers Association of India (RAI) and CAIT, it aims to issue guidelines for the country’s fastest growing e-commerce sector. According to Department of Industrial Policy and Promotion (DIPP), the government will keep the issues...

Business

DIPP urges for an increase in FDI limit to Rs 3,000 cr

The department of industrial policy and promotion (DIPP) has submitted a draft cabinet note proposing an increase in foreign direct investment (FDI) threshold to Rs 3,000 crores from the current Rs 1,200 crores. For now, FDI proposals below the current limit in infrastructure and manufacturing sectors need Foreign Investment Promotion Board’s...

Fashion

High customs duty, a deterrent to luxury brands’ India plans

As per Altagamma foundation, while the Indian luxury market is full of lucrative opportunities, high custom duty on luxury goods is proving to be a hurdle to premium foreign labels’ India plans. “Next to Brazil, India has the highest tariff barrier. There is a 38 percent custom duty levied on leather goods in India while in China it is 17...

Apparel

DIPP for speedy action on pending single-brand FDI proposals

The Department of Industrial Policy and Promotion (DIPP) has set a maximum deadline of 90 days to take action on all FDI applications pending with it under single-brand retail. As per insiders, as many as 13 applications including that from foreign retailers like Forever 21, Furla and Swarovski, to open single-brand company-owned stores in the...