Japanese global apparel retailer UNIQLO Wednesday announced its plans to make a foray into the Indian market and will open three stores in the first year in Delhi-NCR. Given the size and fast growth of the Indian market, the launch will involve three separate stores. AdvertisingThe first of the three UNIQLO stores will open in October in New Delhi, the company said in a statement. In 2006, the government had allowed 51 per cent FDI in single brand retail. In January 2018, 100 per cent FDI was permitted for foreign players in single brand retail trade to set up own shops in India without government approval.

Source: Indian Express July 17, 2019 08:03 UTC