Spain-based Inditex, has, in its second attempt, applied to the Foreign Investment Promotion Board (FIPB) to open Massimo Dutti stores across India through a joint venture with Tata group. Under the new proposal, Inditex plans to invest Rs 10 crores in next two years to open five Massimo Dutti stores in India. The JV with Tata’s Trent, the first Massimo Dutti store is likely to come up at Delhi’s fashion centre, Select Citywalk, where Zara made its India debut. The stores will be targeted at a more upscale market with higher quality fashion products for both men and women. Inditex which globally has has more than 6,000 stores in 86 markets owns brands like Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, Uterqüe and also a low cost brand Lefties. Of the 6000 stores worldwide, 5,500 stores are company owned while others are franchised, especially in countries where corporate properties cannot be foreign-owned including some Middle Eastern countries.