Dec 12 (Reuters) – Indian salt-to-software conglomerate Tata Group plans to open 100 shops throughout the nation that may solely promote Apple Inc (AAPL.O) merchandise, the Financial Instances newspaper reported on Monday, citing two individuals conscious of the matter.
Tata Group’s Infiniti Retail, which runs the patron electronics retailer chain Croma, might be an Apple-authorised reseller and arrange shops at buying malls, high-street and neighbourhood places, the report mentioned.
Tata has begun talks with premium malls and excessive streets and the lease phrases embrace particulars of manufacturers and shops that can’t be opened close to these retailers, a retail marketing consultant conscious of the matter instructed the publication.
Apple and Tata Group didn’t instantly reply to Reuters’ calls and emails looking for remark.
The most recent growth comes lower than two weeks after the Financial Instances reported that the Tata Group was in talks to purchase Wistron Corp’s (3231.TW) solely manufacturing facility in India for as much as 50 billion rupees ($605 million).
Tata and Taiwan’s Wistron – one in every of Apple’s high distributors in India – had been in dialogue to arrange a three way partnership to assemble iPhones in India, Bloomberg reported in September.
($1 = 82.6250 Indian rupees)
Reporting by Biplob Kumar Das in Bengaluru; Modifying by Savio D’Souza
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