Chinese-founded online fast-fashion giant Shein won approvals to re-enter India only after agreeing to a stringent licensing deal with Mukesh Ambani’s Reliance Industries Ltd., according to people familiar with the matter.
The agreement, which comes three years after Shein was booted out of India, will require the retail arm of Reliance to fully own the domestic business, while Singapore-headquartered Shein will offer production support and…