Inspired by the smooth entry of Wal Mart in India through it’s partnership with Bharti enterprises, the leading department store chain in the United Kingdom, Bhs, has also decided to launch its retail outlets in India. The Bhs has thought to go with its international expansion plans and looked towards India as the biggest emerging retail market in the world.

Sir Philip Green, UK’s billionaire owns Bhs and he is all set to initiate the planning to launch its drive of opening stores in metro cities such as Delhi and Mumbai.

According to the report, Bhs has decided to mark its entry in the Indian market through a franchise agreement with L K Pagarani, Indian businessman based in Dubai. Pagarani-owned Al Maya Group has successfully controlled Bhs’s franchise operations in Dubai for more than 20 years.

India has speedily becoming the hub of the leading players of retail markets in the world. This is happening because India has strong middle class population with a great purchase power with them. At present, India is going through a never seen before retail boom backed by almost high economic growth rate.

The retail market analysts, Technopak, said that the India retail sector size is likely to grow 20-fold in next ten years. At present, the market has the potential of 7 billion pounds and it would cross 140 billion pounds over the next decade., has forecast.

Bhs is getting low profits in the UK market and the retail leader has now decided to expand its international planning to expand its business operations. The company had opened 15 new stores in Russia and the Middle East last year. Now, the company has decided to expand its business in Eastern Europe and India.

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