According to the Commerce and Industry Ministry statement, a proposal from Dyson International to carry out single brand retail business in India was approved by Department of Industrial Policy and Promotion (DIPP) on August 29.
Another proposal belonging to MM Retail Private was given a "post facto approval" for FDI pursuant to direction from the Reserve Bank of India for conducting single brand retail trading.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.