Office Depot ventures into India

DELRAY BEACH, Fla. Office Depot will make its entry into India with a joint venture with Reliance Retail Limited to provide office products and services to business customers in that country.

To accelerate the rollout of their joint venture, Office Depot and Reliance also announced the acquisition of eOfficePlanet, one of the largest dealers of office products and services to corporate customers in India.

“The joint venture with Reliance and strategic acquisition of eOfficePlanet will put Office Depot in a leadership position in India,” said Charles Brown, president of Office Depot’s international division. “eOfficePlanet is the market leader in the fast-growing Indian office supplies industry, with high brand recognition among the procurement decision makers in large corporate organizations. Our new relationship will provide Office Depot with a platform to both serve our existing global customers who have operations in India and to expand our offering to all business customers in India.”