Muji India set to make history
In this article (5)
Muji India is about to become the first Japanese retailer to open stores in the nation.
One is planned for Mumbai, the commercial capital, and another in Bangalore, the hub of the IT industry.
This follows the forming of a joint venture by Muji owner Ryohin Keikaku, Tokyo, with Reliance Brands, based in Mumbai.
Ryohin Keikaku is also the first-ever Japanese retailer to receive individual approval for a direct investment from the Indian government’s Foreign Investment Promotion Board.
Its first venture will be the Muji Palladium. Opening in 2009, Mumbai’s Palladium is one of India’s largest shopping centres, attracting more than 24 million visitors every year. It has luxury retail brands, restaurants and a food court, and is next to a five-star hotel and cinema complex. The Muji India store, scheduled to open in August, will cover about 207 sqm.
Muji’s second outlet will be in the VR Mall next to Phoenix Market City, which has fashion stores as well as a cinema complex and restaurants. Covering about 485 sqm, the Muji store is scheduled to open in September.
Questions & Answers
Q.Which company is Muji partnering with for its expansion into India?
Which company is Muji partnering with for its expansion into India?
Muji's owner, Ryohin Keikaku, has formed a joint venture with Reliance Brands, a company based in Mumbai. This partnership facilitates Muji's entry into the Indian market.
Q.What is significant about Ryohin Keikaku's approval from the Indian government?
What is significant about Ryohin Keikaku's approval from the Indian government?
Ryohin Keikaku is the first Japanese retailer to receive individual approval for a direct investment from the Indian government’s Foreign Investment Promotion Board. This is a notable precedent for Japanese businesses.
Q.When and where are the first two Muji stores expected to open in India?
When and where are the first two Muji stores expected to open in India?
The first Muji India store is scheduled to open in August at the Muji Palladium in Mumbai. The second outlet will open in September at the VR Mall, next to Phoenix Market City.
Q.How large will the first Muji store in Mumbai be and what kind of location is it in?
How large will the first Muji store in Mumbai be and what kind of location is it in?
The Muji India store in Mumbai will cover about 207 square metres and is located in the Palladium, one of India’s largest shopping centres. The centre attracts over 24 million visitors annually.
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