Madame Tussauds among 3 FDI proposals cleared by DIPP

New Delhi: The Department of Industrial Policy and Promotion (DIPP) has approved three foreign direct investment (FDI) proposals, including that of Merlin Entertainment-owned Madame Tussauds to undertake single-brand retail.

Mountain Trail Foods, which operates the Chai Point outlets, has got approval for food retailing, bringing in FDI inflows of $10 million (Rs 65 crore). Kohler India Corp’s proposal for single-brand retail has also been approved. The information is available on the foreign investment promotion and facilitation website.

Madame Tussauds is expected to open its first museum in India in Delhi. The department has, so far, approved 20 single-brand retail proposals worth nearly Rs 4,900 crore for food product and single-brand retail trading, including those of Amazon, Grofers and Urban Ladder.


Single brand trading applications that got the approval also include those of Acer, Fossil India and Bally International. The department received more than 48 pending applications related to singlebrand retail and food retail after the abolition of the Foreign Investment Promotion Board.

It is now the nodal department for all foreign direct investment proposals requiring government approval.