Wang Zhentao, chairman and president of Aokang Group said: 'We were waiting for the right moment to enter the Indian market. With a booming economy and high purchasing parity, this is the right time for international brands to enter India.'
Banerjee said production would start in India from April 2010. The group plans to invest Rs.1 billion for the factory. However, it has not zeroed in on its location.
'By 2011, we are planning to export products from India to the US, Japan, Australia, Spain, Hungary and Italy,' he said.
Priced between Rs.1,899 and Rs.3,699, Aokang's spring-summer line is available in formal, casual and party ranges both for women and men.
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