The government has notified the rules allowing 100 percent foreign direct investment (FDI) in single-brand retail paving the way for international furniture maker Ikea and several fashion brands like Louis Vuitton to set up stores in India and also boost sourcing from local manufacturers. Apart from the entry of new players into the market, the decision is also expected to result in several existing players who are operating via tie-ups with Indian companies to convert their existing ventures into wholly-owned subsidiaries. This would be a boost in the Indian retail sector where new outlets would be flaunted soon, offering new business opportunity to the signage companies dealing in indoor/in-shop branding, displays and others.
