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Swedish retail giant H&M gets government nod to invest Rs 720 crore in India
02 Dec 2013, 10:57 PM IST i

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Swedish retailer Hennes & Mauritz has received final approval from the Foreign Investment Promotion Board (FIPB) to invest Rs 720 crore in the country.
The world's second biggest fashion retailer had said in April this year it plans to open 50 stores in India, hoping a growing population and rising incomes in Asia's third-largest economy would fuel demand for its fast-changing fashions.
The approval will allo...
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