Thomson Holding plans arm for wholesale trading

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Our Corporate Bureau New Delhi
Last Updated : Mar 01 2013 | 2:40 PM IST
The Ontario-based Thomson Corporation through its group company, Thomson Holding BV, proposes to engage in wholesale trading of its products such has books and online resources in India, by setting up a wholly owned subsidiary for this purpose.
 
The group plans to invest $3 million over the next five years to expand its operations in India.
 
In its application to the Foreign Investment Promotion Board (FIPB), Thomson has indicated that it proposes to provide value added logistics and fulfillment services, including inventory management, secure warehousing and delivery, specialised packaging, products branding and pricing, promotions to support its operations in India.
 
The fresh plans will entail establishing a professional marketing and distribution network in India and various marketing support functions.
 
While the group plans to commence operations by importing and selling its products in India, it also proposes to sub-contract a portion of the printing and publishing work to local Indian units in due course.
 
In its application to the FIPB, the group has indicated that the Indian subsidiary will devote substantial resources, technology and training to upgrade the skills and capabilities of its distributors and offer challenging opportunities for using their potential.
 
Thomson Corporation has a number of business divisions - scientific and healthcare, financial, learning and legal and regulatory.
 
The learning division of the group operates in more than 40 countries, with 9100 employees worldwide. This division's revenue in 2003 was $2.1 billion.

 
 

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First Published: Feb 11 2005 | 12:00 AM IST

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