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Related Keywords: Dubai and other countries, FDI norms, FDI proposal, FIPB, imported finished carpet, Indian market, Maham Nayyar and Sahar Nayyer, Pakistan based firm

A Pakistani based firm had approached the Indian government with a FDI proposal to carry out wholesale trading of imported finished carpets from Dubai and other countries in Indian market. The company proposes to invest over Rs 55 lakhs for the business.

According to sources, the foreign direct investment (FDI) proposal of the Pakistan based company was among one of the 31 FDI proposals considered in the FIPB meeting on December 16 last year and a decision regarding this was deferred in the absence of the security clearance by the Home Ministry.

Related Keywords: brand, fashion retailer, FIPB, Indian retail operation group, Inditex, joint venture, Massimo Dutti Stores, Spanish clothing company, Trent

Inditex a Spanish multinational clothing company headquartered in Arteixo, Galicia and one of the world's largest fashion retailers with eight brands and over 6,390 stores throughout the world. Inspired by a responsible passion for fashion and, above all, by the customers plans to open its Massimo Dutti stores in India, one year after signing a joint venture to run stores under the brand in an agreement with Indian retail operations group Trent.