MUMBAI (Reuters) - India has received six proposals from global single-brand retailers seeking permission to own 51 percent of their operations in the country, the commerce ministry said on Monday.
Retailers who have applied to the government include apparel maker Tommy Hillfiger
Many of these retailers are already present in India via licensing and joint-venture partnerships with Indian retailers.
The government has not taken a decision on these proposals, the ministry said in a statement.
Recently an application by Zara owner Inditex S.A.
In January, India allowed foreign single-brand retailers to set up wholly owned operations in India, but a requirement that companies source 30 percent from small local firms has discouraged retailers from applying for full ownership.
The statement said no decision has been taken on modifying the sourcing norms, a widely expected move from the government as it struggles to attract overseas investors in the sector.
(Reporting by Nandita Bose; Editing by Gopakumar Warrier)