H&M to invest ?100 mn

Hennes & Mauritz (H&M) will open its first store in India this year, as the worlds second-biggest fashion retailer becomes the latest to take advantage of the opening of Asias third-largest economy to foreign operators. H&M, which said last year it plans to spend around ?100 million on an initial 50 stores in India, received final approval in December from the government to invest in India.