With Best Buy's(NYSE:BBY) recent opening of its first international store -- located in China -- the consumer electronics giant may also be looking to move into India, with planned stores in the higher-end cities where consumers, for the first time in a long time, have disposable cash to spend.As any company looking for global sales growth would be considering, Best Buy has begun talks with RPG Enterprises for a planned foray into India. This comes really as no surprise. This is just a rumor at this point, but it makes perfect sense. If the standard of living and the amount of disposable cash levels are rising in certain areas of the world, leave it to capitalism to come to the rescue, eh?
Best Buy here, though, may be looking for an equity joint venture as opposed to opening its own stores, according to the rumor. In fact, RPG Enterprises' Sanjiv Goenka stated that "there is no firm proposal from Best Buy under consideration."
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
Closing Bell: The recession is still over, still... do you feel it?
Add your comments