Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
The Swedish fashion-retail brand cracks open the Indian market faster than its competitors, gaining from an aggressive pricing and retail policy.
Almost two years after it entered India, global fashion retailer Gap struggles to keep up with rivals Zara and H&M.
Recently, there has been a mushrooming of international apparel retailers.
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