YISHION Clothing Enters India Market
China
YISHION
Costumes recently set up a joint venture with Delhi Upmarket group, which has a shareholding ratio of 51:49, Hong Luan trade.
India
Private limited company (HongluanTradeIndiaPvtLtd) plans to build 100 YISHION clothing retail outlets in India in the next two years.
Zhou Juntao, vice president of YISHION group, said that the company has conducted 2 years of research on the India market, and the time has come to mature.
The headquarters of YISHION group is located in Dongguan, Guangdong, with a total assets of US $12 billion and retail stores in 3000 shopping centers in 19 countries.
The joint venture company plans to establish 100 retail stores including 10 flagship stores in major cities of India before 2012, and get 150 million rupees in the first year.
At present, although foreign companies are not allowed to enter India's integrated brand retail industry, they are allowed to enter the single brand retailing industry with the highest shareholding ratio of 51:49.
According to Ernst&Young estimates, the size of India's organized retail market is US $37 billion 500 million, while clothing,
decorate
Class accounts for 40%.
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