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9, December 2006 Pragati Maidan, New Delhi.
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With a view to become a leading office products provider, Pantaloon Retail India has entered into a joint venture with US-based Staples Inc and its new business unit, Future Office. The agreement establishes a platform for Staples to enter the 10 billion dollar office products market in India and allows Pantaloon Retail to benefit from the industry expertise and sourcing network of the world's largest office products company. `The office products business in India presents tremendous opportunities for growth. Through our partnership with Staples, the industry leader, we can become the office products provider of choice for businesses throughout India,` Pantaloon Retail MD and CEO Kishore Biyani was qouted saying in a leading financial daily. `As Staples expands globally, India represents a great opportunity for the company,` Staples chairman and chief executive officer Ron Sargent said. Staples Future Office would serve businesses of all sizes through delivery as well as cash-and-carry locations, offering a wide range of office products from core office supplies, printers as well as computers.
Date: 18-Jan-2007
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