Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India

New norms will draw international brands to India

New norms will draw international brands

The government’s move to allow 100 per cent FDI in single brand retail through the automatic route is expected to encourage more international brands to set up base in India and help Indian consumers get better access to international products, say analysts.

At the same time, analysts believe the tweaks in sourcing norms will give international retailers the much-needed flexibility and more time to develop vendors in the country and establish a supply chain for their Indian operations.

New norms will draw international brands to India

Dhanraj Bhagat, Partner, Grant Thornton India, says this positive change will foster ease of doing business in India. It will encourage international brands to look at India seriously as they will now find it easier to set up operations in the country. In addition, the tweaks in the sourcing norms will make it viable for them to comply with the regulations.

Akila Agarwal, Partner, Shardul Amarchand Mangaldas, says that earlier, the local sourcing norm was to be met in five years from commencement of business on an average basis and annually thereafter. Now, it is applicable only after five years from commencement. Goldie Dhama, Partner-Regulatory, PwC India, added that this will provide single brand retail trading companies the flexibility and time to align their retail and sourcing business.

Relaxation in the mandatory sourcing norms had been the long-standing demand of some of the international retailers that have already set up shop in India, and have been sourcing from India for many years for their international operations. Janne Einola, Country Manager at H&M India, says they are happy to hear about the India sourcing requirement being offset towards H&M’s global sourcing from India. While it is in the right direction, the company looks forward to the same relaxation for the period beyond the initial five years as well, which works towards ease of doing business in India.

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Turtle looks to strengthening its presence in Eastern India

Turtle looks to strengthening its presence in Eastern India

  Turtle’s journey began in Kolkata in 1993 as an aspiring yet steadfast enterprise that went on to become one of India’s fastest growing companies. From a being primarily into men’s... Read more

GTE 2018 yet again delivered a winning performance

GTE 2018 yet again delivered a winning performance

The Garment Technology Expo (GTE) 2018, held from January 19-22 at NSIC Complex, New Delhi, concluded on an optimistic note for both visitors and technology suppliers who displayed latest innovations.... Read more

Arrow revolutionizing men’s wear with innovative products

Arrow revolutionizing men’s wear with innovative products

In the 1820s, from her home in Troy, New York, Hannah Montague created the first detachable shirt collar. As the popularity of the detachable collar increased over the course of... Read more

Callino plans increased pan India presence with retail expansion

Callino plans increased pan India presence with retail expansion

  Callino’s journey began in Delhi in 2014 as an aspiring yet steadfast enterprise that went on to become one of India’s fastest growing companies in the garments industry. From a... Read more

Targeting retail expansion, Lakshita now looks beyond North India

Targeting retail expansion, Lakshita now looks beyond North India

  Women’s brand Lakshita was launched in 2001 by Noida-based Kavita Women Wear. The brand manufactures kurtis, “Our USP is plus size clothing. We do 4xl and 5xl sizes also. We... Read more

Cantabil focusing on simple yet affordable clothing for all

Cantabil focusing on simple yet affordable clothing for all

For S/S 18, Cantabil is working on collection that is wearable, affordable and feasible. Cantabil continues its originality in terms of textiles, designs, constructions and serves the best quality at... Read more

Deal Jeans: Evolving every season with new styles and fresh hues

Deal Jeans: Evolving every season with new styles and fresh hues

Launched in 2000, Deal Jeans initially began with formal wear for women and gradually shifted focus to designer denims. Those days not many brands were making women’s denim. With demand... Read more

Major retailers banking on omnichannel to drive growth

Major retailers banking on omnichannel to drive growth

  Favourable macroeconomic factors such as increasing disposable incomes, a spurt in demand from smaller cities/rural regions, growing penetration of organised retail and co-existence of offline and online channels have had... Read more

Libra to increase pan India presence, venture into rural markets

Libra to increase pan India presence, venture into rural markets

  Innerwear and lingerie brand Libra, was incepted in 1982. It manufactures and supplies women’s lingerie including bras, T-shirt bras, padded bras, wedding sets etc. Speaking about Libra, Dheeraj Mehta says... Read more

The changing women’s ethnic wear landscape

The changing women’s ethnic wear landscape

  Women’s wear today accounts for 38 per cent of the entire fashion retail segment, estimated at $17.5 billion, with an expected CAGR of 9.9 per cent, which will push up... Read more

MOST POPULAR NEWS
Go to top