{"id":3681,"date":"2014-06-27T10:13:06","date_gmt":"2014-06-27T10:13:06","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=3681"},"modified":"2014-06-27T10:19:58","modified_gmt":"2014-06-27T10:19:58","slug":"prada-awaits-clarity-fdi-rules-expand-india","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/prada-awaits-clarity-fdi-rules-expand-india\/","title":{"rendered":"Prada awaits clarity over FDI rules to expand in India"},"content":{"rendered":"
\"Prada<\/a>

Prada Franchise<\/p><\/div>\n

Franchise News India<\/a><\/strong>, Franchise In India<\/a><\/strong>,While a team from Italian luxury brand Prada’s Hong Kong office was in India sometime back to identify retail locations to open brand stores in the country, the company is said to be awaiting clarity over single-brand retail<\/a><\/strong> FDI rules before making a formal announcement. The company is expected to open stores without partnering with a local entity.<\/p>\n

Not only Prada<\/strong> but several other foreign brands \u2013 new as well as existing ones are waiting to go solo in the country after the previous UPA government opened the single-brand retail<\/a><\/strong> market for up to 100 percent investment. However, the major concerns for them remained to be the mandatory 30 percent local sourcing for 100 per cent FDI in retail and high import duties.<\/p>\n

Some like Swarovski, which operates through franchisees<\/a><\/strong>, has applied for a 100 percent unit in India<\/a><\/strong>. Italian bag seller Furla has also applied for a joint venture with Genesis Luxury that has already brought many foreign luxury labels like Jimmy Choo, Armani and Bottega Veneta among others to India<\/a><\/strong>.<\/p>\n

Prada also owns labels such as women\u2019s luxury fashion brand Miu Miu and men\u2019s footwear brands Church\u2019s and Car Shoe. The company has operations in 70 countries through directly operated stores, franchise<\/a><\/strong> stores, and a network of high-end multi-brand stores and luxury department stores.
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2. Tata Group Roots Corporation plans to set up hotels at railway hubs <\/a><\/p>\n

3. Future Group expands its presence through franchisee model For BIGBAZAR<\/a><\/p>\n

4. Reliance Industries has signed a franchise agreement with American fashion<\/a><\/p>\n

5. Retail Franchise Blumerq to expand in west and north India<\/a>
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