<p> Proposals by America's oldest clothing retailer Brooks Brothers and Italian jewellery major Damiani for direct investment in single-brand retail will be taken up by the Finance Ministry on Friday.<br /><br /></p>.<p>Also, the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, on October 19 will take up UK-based footwear giant Pavers England's FDI proposal for single-brand retail sector.<br /><br />Applications of Brooks Brothers Group Inc (BBG), Damiani India Pvt Ltd and Pavers England Ltd, are listed under the "fresh proposals" category of the FIPB agenda, an official said.<br /><br />Ever since the government liberalised the foreign direct investment policy to allow 100% FDI in single-brand retail in January, a large number of global retailers have expressed interest to set up stores in India.<br /><br />Under the earlier regime of up to 51% FDI, India had managed to attract only about Rs 200 crore worth of investment in the past three-and-a-half years in the segment.<br />Damiani India is seeking permission for single-brand retail business in collaboration with Damiani International, as per the FIPB. Recently, Damiani opened its first outlet in New Delhi.<br /><br />However, details about Brooks Brothers proposal were not known immediately.<br /><br />JV with Brooks Brothers<br /><br />In June, Reliance Brands, a unit of Reliance Industries, had announced a joint venture with Brooks Brothers to set up the latter's shops in India. Brooks Brothers will have 51 per cent stake in the joint venture.<br /><br />Brooks Brothers introduced the first ready-to-wear suits in 1845. Its flagship store is at Madison Avenue, New York City, a location it has held for almost a hundred years.<br />Pavers England has proposed to invest Rs 100 crore to set up single brand retail stores and plans to operate on its own in India.<br /><br />At present, the firm sells products through its Chennai-based master franchisee Trident Retail in 23 exclusive stores across India and also through Reliance Footprint and Lifestyle retail outlets.</p>
<p> Proposals by America's oldest clothing retailer Brooks Brothers and Italian jewellery major Damiani for direct investment in single-brand retail will be taken up by the Finance Ministry on Friday.<br /><br /></p>.<p>Also, the Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, on October 19 will take up UK-based footwear giant Pavers England's FDI proposal for single-brand retail sector.<br /><br />Applications of Brooks Brothers Group Inc (BBG), Damiani India Pvt Ltd and Pavers England Ltd, are listed under the "fresh proposals" category of the FIPB agenda, an official said.<br /><br />Ever since the government liberalised the foreign direct investment policy to allow 100% FDI in single-brand retail in January, a large number of global retailers have expressed interest to set up stores in India.<br /><br />Under the earlier regime of up to 51% FDI, India had managed to attract only about Rs 200 crore worth of investment in the past three-and-a-half years in the segment.<br />Damiani India is seeking permission for single-brand retail business in collaboration with Damiani International, as per the FIPB. Recently, Damiani opened its first outlet in New Delhi.<br /><br />However, details about Brooks Brothers proposal were not known immediately.<br /><br />JV with Brooks Brothers<br /><br />In June, Reliance Brands, a unit of Reliance Industries, had announced a joint venture with Brooks Brothers to set up the latter's shops in India. Brooks Brothers will have 51 per cent stake in the joint venture.<br /><br />Brooks Brothers introduced the first ready-to-wear suits in 1845. Its flagship store is at Madison Avenue, New York City, a location it has held for almost a hundred years.<br />Pavers England has proposed to invest Rs 100 crore to set up single brand retail stores and plans to operate on its own in India.<br /><br />At present, the firm sells products through its Chennai-based master franchisee Trident Retail in 23 exclusive stores across India and also through Reliance Footprint and Lifestyle retail outlets.</p>