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On Tuesday, India’s Future Group has said that it had tied up with UAE’s Khimji Ramdas Group foe selling garments in Oman, and eventually across the Gulf region, in its first international foray.
Kishore Biyani, Future Group Chief Executive has said that the Indian consumer goods firm that 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.
He has said further that both the companies have invested 750 million rupees ($11.71 million) each in the 50-50 joint venture, under which Future Group also plans to sell food and consumer goods like soaps and detergents in the future.
