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To support the sales target, the retailer intends to add at least 25 outlets in India by 2030 and further build out its online operations.
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The collaboration allows customers to order from Tractor Supply's catalogue.
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GlobalData research suggests affordable luxury is emerging as a key retail trend as cautious consumers continue to seek quality, comfort and emotional reward.
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US retail sales continued to grow in June, marking a ninth straight month of gains as consumers maintained spending despite ongoing economic uncertainty.
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The plan also seeks to substantially raise the share of household consumption within GDP and to secure relatively rapid growth in overall spending on goods and services.
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Across company-run stores, franchise locations, multi-brand outlets and online platforms, Bata India sells approximately 50 million pairs of footwear each year.
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