Indian salt-to-software conglomerate Tata Group plans on opening 100 shops that may solely promote Apple Inc. merchandise throughout the nation, the Economic Times newspaper reported on Monday, citing two folks near the matter.
Tata Group’s Infiniti Retail, based mostly in Mumbai, runs the patron electronics retailer chain Croma and shall be an Apple-authorized reseller and arrange shops at buying malls, high-street and neighborhood areas, the report stated.
Tata has begun talks with premium malls and excessive streets and the lease phrases embrace particulars of manufacturers and shops that can not be opened close to these shops, a retail advisor conscious of the matter informed the publication.
Apple and Tata Group didn’t instantly reply to Reuters’ calls and emails in search of remark.
The newest improvement comes lower than two weeks after the Economic Times reported that the Tata Group was in talks to purchase Wistron Corp’s solely manufacturing facility in India for as much as 50 billion rupees ($605 million).
Tata and Taiwan’s Wistron – one in all Apple’s prime distributors in India – had been in dialogue to arrange a three way partnership to assemble iPhones in India, Bloomberg reported in September.
