East India Company coming to India again: Report Top Stories » Core sector output down 8.5 pc in August » April-June external debt falls to $554.5 bn » Fiscal deficit at over 109% of target in Apr-Aug » Current account surplus at $19.8B in Q1FY21 » Covid-related reliefs for cos extended till Dec SME Times News Bureau | 09 Feb, 2010

East India Company, whose forces once ruled over much of India, is coming to India again but under Indian ownership this time around, a British newspaper reported Monday.



Indian entrepreneur Sanjiv Mehta, who has bought all the shares in the company, will launch the East India Company's store in the upmarket Mayfair neighbourhood of London in the spring, with plans to open a second by the year-end, The Times reported.



This will be followed by stores in India and the Middle East, with concessions in Japanese department stores and franchises in Russia, and finally the US.



The stores will sell teas, coffee and spices - in keeping with the company's 400-year history - but also chocolates, furniture, leather goods, fabrics, homewares, fruit pickles and sushi among 500 planned lines.



"In my lifetime I could not possibly create a brand like this. Nobody could," Mehta told The Times.



"This company has huge potential. What makes this more special is that I am Indian, so there is a huge feeling of redemption for me. It is buying back a company that owned India.



"It would be nice to go back to my motherland as the owner. It is very personal to me," said Mehta, who has invested 10 million pounds into developing the company with the help of wealthy investors. Print the Page Add to Favorite Share this on :

Please comment on this story: Subject : Message:

(Maximum 1500 characters) Characters left 1500 Your name:



Jaswinder Singh | Sat Nov 12 01:58:06 2011

what are u talking about sir, all Indian can't take part in Indian serious activities because, the talented student are studying from low level colleges & due to cast partition students having less marks getting the best college to study, after that , talented student can't get job easily because, companies need basically marks , approach.. they do not offer to show our talent... in the last there is no way to getting good in govt job because there are 59% part for other than generals & just 41% for general students like us,,, i want to know if the same class people getting the same study ,, then why they can't show there talent in study.. they firstly enjoy in study & after that enjoyed on govt.. job as well.. i want to know where should we go.. we not any property that we can start our own business .. so that is the reason that India is behind the another companies...

Close Please comment on this story: Subject : Re: Message:

(Maximum 1500 characters) Characters left 1500 Your name:



Customs Exchange Rates Currency Import Export US Dollar

66.20

64.50 UK Pound

87.50

84.65 Euro

78.25

75.65 Japanese Yen 58.85 56.85 As on 01 Oct, 2020 Daily Poll COVID-19 has directly affected your business Yes No Can't say Commented Stories » Starting an import export business: Basic guide for beginners (2)