Footwear retailer Pavers Shoes has become the first foreign
retailer to be allowed to set up wholly owned stores in India
after the Indian government cleared a multimillion-pound
investment proposal from Pavers after six months’
deliberation.
“This will allow us to grow at a far faster rate and
showcase many more of our products, together with ensuing that
the levels of quality, style, comfort and service match our UK
stores strong reputation,” says managing director Stuart
Paver. “We are glad to be trailblazing a path in what will
be the most dynamic retail market in the world over the next
decade.”
Pavers England plans to open 120 new retail stores in India and
increase the number of concessions within department stores to
around 350 over the next two years. The company is also looking
to acquire its Chennai-based franchise partner Triton Retail,
which currently runs 30 stores across India.
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