The Indian government has approved a partnership between the online fashion retailer and the retail unit of conglomerate Reliance Industries, the people said.
Reliance is a major player in India's economy and its unit Reliance Retail operates more than 15,000 stores across India that sell a range of products including groceries and clothes.
With this agreement, Shein is likely to source fabrics from small businesses in India, the people said. That could help Shein diversify its supply chain beyond China, they said, as it faces scrutiny in the U.S. over the sourcing of cotton.
Through the partnership, Shein could reach India's large, fashion-conscious young population, while Reliance could benefit from Shein's brand recognition, technology and supply chain, the people said. Shein also plans to build a production hub in India to export to the Middle East, the people said.
A Shein spokesperson confirmed the company's partnership with Reliance Retail, without giving further details. Reliance Retail didn't respond to a request for comment.
The Indian government's approval is notable for Shein, a China-founded, Singapore-based company that has been grappling with fallout from geopolitical tensions not just between the U.S. and China, but also between India and China.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Quick Edit: The market's green role
The world needs to bend its rising curve of carbon emissions, a goal that's proving elusive. Adding to the challenge, US climate policy is likely to flip back into neglect mode next year.
Growth shouldn't suffer for want of a market fix
Packaged food companies should drive a food-processing revolution and run a campaign for substitution of fresh-veggie demand. It'll crush price volatility and open up space for rate cuts
We should reform import tariffs to boost Make in India!
Tariff reforms to resolve duty inversions can arrest the 'cost competitiveness leak' of Indian manufacturing
Trying to quantify everything may worsen human decisions
'Quantification fixation' is real—and we should learn to resist it
Hope has sprung anew amid the thick haze hovering over COP-29
The climate summit has seen rules being ratified for a carbon market, progress on finance and high corporate participation
Trump's return is set to send the world scouting for fresh options
His confrontational stand on issues will ruffle feathers and make nations review their alignments
Why national pride has not helped clean up Delhi's air
A sense of shame was expected to get it done. That hasn't worked. Do we lack the will and talent?
SEBI CAN DO MORE TO DISSUADE RETAIL F&O SPECULATION
A recent Securities and Exchange Board of India (Sebi) report highlighted the significant losses individual traders have incurred in the equity futures and options (F&O) segment between FY22 and FY24.
Is filing ITR in old regime still valid?
I am with the Indian Army. Until last year, we received Form 16 under the old tax regime, including allowances such as HRA, travel and uniform.
Avoid common mistakes in NRO, NRE accounts: A guide for NRIs
Tips on using NRE and NRO accounts to effectively manage funds, repatriate money and remain tax-compliant