 "DIPP approves two FDI proposals in retail sector")
Damro Furniture would undertake single brand retail trading of 'Damro' branded products in India, according to the DIPP's Foreign Investment Facilitation portal.
The company had proposed to invest Rs 402 crore.
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The portal was set up after the winding up of the foreign investment promotion board.
FDI into the country grew 17 per cent to $25.35 billion during April-September this fiscal.
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