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SanDisk Plans Retail Expansion in India

It will start with 2,000 stores.

Flash card maker

SanDisk

(SNDK)

unveiled plans to enter the Indian market through distribution deals with

Ingram Micro

(IM)

TheStreet Recommends

and

Rashi Peripherals

.

The Sunnyvale, Calif.-based company said that it plans to start with 2,000 stores and increase to 14,000-plus by the end of 2007. The products to be sold will include its MP3 players, mobile phone cards, USB flash drives and high-performance digital imaging cards, concentrating initially on India's 12 largest cities.

SanDisk's distributors Ingram Micro has 42 centres in 28 Indian states, with more than 70 vendors serving 12,000 retail customers while Rashi Peripherals has 41 branch offices that cover 130 cities, with products going to over 1,500 retailers and resellers.

Shares of the company were trading up $2.48, or 4.7%, to $55.79 Wednesday.

This story was created through a joint venture between TheStreet.com and IRIS.