Marks & Spencer has major plans of expanding its presence in the Indian market. In this direction, it plans to launch around 40 new stores by the end of 2016. On 9 October 2014, the company launched its second flagship store in Hyderabad. As per the expansion plan, it envisions increasing to 80 stores from its present 42 stores, by 2016. In south India, four stores will roll out by March 2015, of which two will be ready in Hyderabad, by December 2014. At present, it operates 10 brick-and-mortar stores in the south. M&S opened its first store in India in 2001. In April, 2008, it signed a joint venture with Reliance Retail to form M&S Reliance India.
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