Trent, the retail arm of the Tata Group, has drawn up a Rs. 2,000-crore investment plan for setting up 50 hypermarkets, Star Bazaar, over the next five years, a top company official said.
We are launching 50 new hypermarket stores Star Bazaar in the next five years at an investment of around Rs. 2,000 crore, Trents Managing Director Noel Tata told reporters here on Friday.
Trent aims to expand to 100 stores across formats by 2009-10. Funds would be raised through internal accruals only, Mr. Tata said.
The company has launched its second Star Bazaar at Andheri in Mumbai on Friday. Spread across nearly 75,000 sq. ft. over two floors, Star Bazaar is a one-stop shop.
More : hindu.com
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