Foreign Direct Investments (FDI) in Clothing & Apparel Industries in India-1:

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Foreign Direct Investments (FDI) in Clothing & Apparel Industries in India-1:

• Indian textile and apparel industry is one of the largest in the world with US$ 38 billion of export and US$ 50 billion of domestic textile. India has the most liberal and transparent FDI policy amongst the developing countries, making it can ideal destination for investment in textile industry.
• FDI Policy in India allows 100% FDI in the textile industry through the automatic route requiring no prior approval of the Government or the Reserve Bank of India.
• The investors are however, required to notify the RBI regional office within a period of 30 days from the receipt of inward remittance.