CTK to Develop 'India Tata Group Cosmetics'

[Asia Economy Reporter Hwang Junho] Domestic cosmetics platform company CTK has signed a cosmetics supply contract with India's largest conglomerate, the Tata Group.

CTK announced on the 11th that it will develop and produce 19 products across 3 makeup product lines for a new beauty brand being prepared by Tata Unistore Ltd., a subsidiary of the Tata Group.

Tata Unistore is a retail company operating Tata CLiQ, the e-commerce platform of the Tata Group. The parent company, Tata Group, is an Indian national and global enterprise with annual sales of $128 billion (approximately 180 trillion KRW), providing goods and services in more than 150 countries.

This contract began when an executive in charge of new brand development at Tata, having accessed information from CTKCLIP, a digital cosmetics B2B platform designed to plan products based on the latest raw materials, formulas, and package product information from over 200 CTK partner companies, proposed the development.

Through this contract with the Tata Group, CTK plans to actively target the rapidly growing emerging market. Currently, the number of members registered on CTKCLIP exceeds 5,000 and is rapidly increasing.

Choi Chi-ho, Vice President of CTK, said, "We are pleased to take our first step into the Indian market of 1.4 billion people through the Tata Group." He added, "It is especially meaningful that the business was concluded with a customer aiming for an e-commerce platform through our cosmetics B2B platform, CTKCLIP." He emphasized, "In the future, we will continuously evolve CTKCLIP through collaboration with various platforms to provide diverse services tailored to the business models pursued by our clients, not only in product development."

This content was produced with the assistance of AI translation services.