Swedish fashion major H&M to open first store in India this year

Hennes & Mauritz (H&M), one of the leading retail major from Sweden’ will open its first store in India this year, as the world’s second-biggest fashion retailer becomes the latest to take advantage of the opening of Asia’s third-largest economy to foreign operators. H&M, which said last year it plans to spend around 100 million euros on an initial 50 stores in India, received final approval in December from the government to invest in the country. The Swedish retailer has almost tripled store numbers over the past decade to over 3,100 outlets in 53 countries. Such strategic moved of the company will bring in a fresh business opportunity for the signage players whose activities are involved around in-shop displays, designs and other related activities.