Dyson Ltd, the UK maker of innovative vacuum cleaners and air purifiers, plans to enter India with its own retail stores by the middle of 2017.
The company has already sought permission from the Department of Industrial Policy and Promotion (DIPP) to import and sell products in the country. “If we get the permit we’ll set up middle of next year. Over the first five years, we’ll invest about £154 million in India. Our investment will be in building infrastructure (retail), taxes (to the government), marketing and promotions,” said founder James Dyson, who is known for inventing cyclonic bagless vacuum cleaner. The founder was in India to participate in the India-UK Tech Summit held in New Delhi.