Gas Jeans, owned by Italy based Grotto family, has sought
approval from the Department of Industrial Policy and Promotion (DIPP) to open
its own single-brand retail stores across India.
Swedish
fashion retailer Hennes and Mauritz (H&M) has already debuted in India with
opening of two retail outlets in New Delhi this year, while German sportswear
maker Adidas is expected to soon set up its retail stores.
Gas Jeans,
which offers apparel for the young crowd under its GAS brand, already operates
65 stores in the country, all
through the franchise route.
The
Italian company's latest step follows changes made by the Government of India
in its foreign direct investment (FDI) policy for single-brand retail in India,
which includes allowing the foreign single-brand retailers to sell online.
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