Fossil Inc to Invest $4.5 Million in India

US-based accessories manufacturer Fossil Inc has proposed to invest Rs 20 crore (about $4.5 million) in India in a fully owned single brand retail venture. The proposal, made by Fossil India Private Ltd, a 100% subsidiary of Fossil, is being examined by the Department of Industrial Policy and Promotion (DIPP). “FIPL has proposed to invest…