LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

This Japanese retailer plans to source Indian products to Australia, US

Japanese retail brand Miniso plans to source India-made products for its stores in the US and Australia, said a top company official.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
This Japanese retailer plans to source Indian products to Australia, US
Miniso India is also investing to set up its own warehouses in Delhi, Mumbai, Kolkata and Bengaluru to cater to its expanding network.
Written By: PTI
Updated: Mon, Dec 17, 2018
08:17 am
PTI

Japanese retail brand Miniso plans to source India-made products for its stores in the US and Australia, said a top company official. Miniso India is also investing to set up its own warehouses in Delhi, Mumbai, Kolkata and Bengaluru to cater to its expanding network.

"We are looking into getting more local purchase and we also want to sell Indian products to other countries," Miniso India Chief Business Development Officer Yang Liu told PTI. He further said:"We have built up a system. We do not only want to import here but also export from here to markets like Australia and the US."  The initial line-up of products to be sourced from India include socks and snacks, he said.

About the local purchase, Liu said by December 2019, around one third products at Miniso India would be sourced locally. As per FDI norms, it is mandatory to source 30 per cent goods from India in single brand retail trade.

"The products which are selling are not only from China but some cosmetics are from South Korea and Thailand also, and I think before the end of next year, we would be able to put our local purchase to 30 per cent," Liu added.

He further added that the company is working in this direction and has already signed contract with some local manufacturers. The company would also set up small warehouses around tier II & III cities for its new franchise stores.

Miniso launched retail operations in India in August 2017 and clocked Rs 700 crore revenue in one year. It plans to take its storecount to 800 by 2019.  It operates around 3,000 stores in over 70 markets. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Miniso India
RELATED NEWS

LATEST NEWS

IIM Bangalore placement 2021: 100% placement! 435 students get 481 offers

Gold Price Today 1-03-2021 – Despite fall in prices, Indian consumers not benefitting as much; expert tells why

Spotify suspends music streaming service of K-pop

Last day, apply now! 1150 vacant posts for Gramin Dak Sevaks in Telangana postal circle; check how to apply, TRCA allowances, age limit, eligibility and other details now

Bitcoin is at a ''tipping point,'' Citi says

India Post GDS Recruitment 2021: 233 posts for Gramin Dak Sevaks with TRCA allowances up to Rs 14,500 in Delhi circle available - last day today

Indian Army Recruitment Rally 2021: 8th pass, 10th pass can apply; know where to apply and other details

Indian Army Recruitment 2021: Apply for Technical Graduate Course on joinindianarmy.nic.in—Check age limit, last date, how to apply and more

Stocks to buy with Anil Singhvi: Buy NBCC for bumper returns - Special Pick

Shilpa Shetty suggests yoga for injury

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved