By  on February 14, 2013

NEW DELHI — The Indian government on Wednesday approved foreign direct investment, or FDI, in single-brand retail by four retailers — French brands Promod, Decathlon and Le Creuset and U.S. firm Fossil Inc.

The four companies will invest a total of 7.5 billion rupees, or about $140 million, in India, according to an official of the Foreign Investment Promotion Board.

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