<p>The government on Friday approved a proposal by Spain's Inditex SA, the world's largest clothing retailer and the owner of the Zara brand, to sell its Massimo Dutti line of clothing, apparel, footwear and other products. <br /><br /></p>.<p>India had rejected an application by Inditex unit Zara Holdings BV to sell the more upscale brand through a joint venture with Tata Group's retail arm, Trent Ltd, in July 2012. <br /><br />But the Foreign Investment Promotion Board on Friday cleared the proposal as part of a go-ahead to 15 foreign direct investment plans worth Rs 2050 crore.</p>
<p>The government on Friday approved a proposal by Spain's Inditex SA, the world's largest clothing retailer and the owner of the Zara brand, to sell its Massimo Dutti line of clothing, apparel, footwear and other products. <br /><br /></p>.<p>India had rejected an application by Inditex unit Zara Holdings BV to sell the more upscale brand through a joint venture with Tata Group's retail arm, Trent Ltd, in July 2012. <br /><br />But the Foreign Investment Promotion Board on Friday cleared the proposal as part of a go-ahead to 15 foreign direct investment plans worth Rs 2050 crore.</p>