• Tata Group-owned Infinity Retail, which runs the 'Croma' chain of stores, plans to open 100 stores across the country that will sell only Apple Inc products
Indian salt-to-software conglomerate Tata Group plans to open 100 stores across the country that will sell only Apple Inc products, The Economic Times newspaper reported on Monday, citing two people familiar with the matter.
Tata Group's Infinity Retail, which runs consumer electronics store chain Croma, will be an Apple-authorised reseller and will set up stores in shopping malls, high-street and neighborhood locations, the report said.
A retail consultant familiar with the matter told the publication that Tata has started talks with premium malls and high streets and the terms of the lease include details of brands and stores that cannot be opened near these outlets.
Apple and Tata Group did not immediately respond to calls from Reuters and an email seeking comment.
The latest development comes less than two weeks after The Economic Times reported that Tata Group was in talks to buy Wistron Corp's sole manufacturing facility in India for up to 50 billion rupees ($605 million).
Tata and Taiwan's Wistron - one of Apple's top vendors in India - were in discussions to set up a joint venture to assemble the iPhone in India, Bloomberg reported in September.
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