The company feels that it has the first mover advantage and is now gearing up to face the competition by consolidating its presence through rapid expansion.
In the last month, at least eight prominent firms have announced plans for joint ventures or wholly owned subsidiaries in India.
A Bangalore-based firm devises a finance system to help rural households access solar energy.
As part of its overseas expansion strategy, Tanishq is planning to open its first exclusive company-owned outlet in the US. It is currently present only in West Asia with a few shop-in-shops.
U21Global, the Singapore-based online graduate school, plans to expand its reach in India by launching a series of management degree courses specific to the country.
The Indian arm of the UK-based retailer for expecting mothers and kidscare Mothercare Plc is on an expansion mode in India.
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