Zara Parent Company Inditex Hand In Hand Tata&Nbsp; Group Stay In India
Zara
The first store in India opened by a joint venture between Zara's parent company Inditex and India Tata Group. The new store is located in Delhi, and it is estimated that second stores will be located in Mumbai.
Inditex continues to be
Zara
The rapid expansion of the brand in the world will help to slow down the impact of Spain's economic difficulties.
India is the second most populous country in the world with a population of 1 billion 100 million. Inditex believes that opening a store in India can be seen as a new milestone in Asia.
Inditex said that Asia now accounts for 12% of the group's sales. The company has a cargo center in Japan, Singapore, Malaysia and Indonesia.
Now more and more western enterprises are entering India because of their optimistic economic growth in India.
market
This has made India's middle class expand rapidly. The latest data show that India's economy grew at an annual rate of 8.6% in 1-3 this year.
According to the law of India, foreign retailers must first cooperate with local partners if they want to enter the India market.
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