: Real estate developer SPR Group has signed a Memorandum of Understanding with the Chennai Apparel Association here to set up 100 shops at the proposed "Market of India."
SPR Group planned to set up an integrated township in Tamil Nadu SPR City, which would have the first-of-its-kind organised wholesale trade centre 'Market of India".
SPR Group Managing Director Hitesh Kawad exchanged documents with Chennai Apparel Association President Bharat Sarda at a function here, a press release said.
SPR Group had made similar arrangments with bathroom and lighting fitments maker Jaquar Group for an experience centre at the Market of India.
"The MoU between the largest apparel association in Tamil Nadu and Market of India marks a major milestone in fulfilling the vision of making India one among the top trade desinations in the world." Kawad said in a company statement.
On the setting up of 100 textile shops, CAA President Bharat Sarda said "we will ensure that all types of and all strata of garment manufacturers and retailers will be presented under one roof and thus will boost business growth in the sector".
Chennai Apparel Association tie up with Market of India was expected to provide a global opportunity for all its member organisations to expand their business, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)