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India's Future Group ties up with UAE firm for Gulf foray

Reuters  |  MUMBAI 

MUMBAI (Reuters) - India's Future Group on Tuesday said it had tied up with UAE's Khimji Ramdas Group to sell garments in Oman, and eventually across the Gulf region, in its first international foray.The Indian consumer goods firm, which sells everything from electronic goods and groceries to fashion apparel, plans to initially open 4 to 5 stores in Oman, and eventually 17 to 18, Future Group Chief Executive Kishore Biyani told reporters during a press conference in Mumbai.Both companies have invested 750 million rupees ($11.71 million) each in the 50-50 joint venture, under which Future ...

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First Published: Tue, May 16 2017. 14:30 IST