Staples to enter Indian market

Staples is entering the Indian office products market in a joint venture with local retailer Pantaloon and its new business unit Future Office.

The agreement establishes a platform for Staples - the world's largest office products retailer - to enter the£10 billion Indian office products market.

Staples chairman and chief executive officer Ron Sargent said: 'As Staples expands globally, India represents a great opportunity. This partnership combines Pantaloon's local business knowledge and leading brand, with Staples' best practices and global procurement strength.'

Pantaloon chairman and chief executive officer Kishore Biyani said: '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.'

Staples Future Office will offer a delivery service and cash and carry.