Suresh Kalmadi - Pune || Suresh Kalmadi - A Lifetime in the Service of Pune

> submit story or ask questions
> create account
> FAQ
> Early Years
> Successful Businessman
> M.P. � Lok Sabha
> Railways Minister
> Family & Friends
> Tourism & Culture
> Sports
> Business & Industry
> Defence
> Development

Login

Membership has its privileges. Choose a username and provide a working email - that's all it takes to join. Click below to make a new account.
Make a new account

Reliance Retail to make debut in Pune next month

Section Investment Pune
Posted on Sun Jan 14, 2007 at 08:32:30 AM EST

Pune is all set to figure on the Reliance Retail map. After Hyderabad and Jaipur, Reliance Retail is set to make its debut in Pune sometime next month. It is reportedly taking off with its network of `Fresh' stores and will also be bringing its hypermart and speciality stores to the city. The company's sources indicated that they have been scouting for space in Pune for all the three formats. The company is currently putting its supply chain in place while work on the front end has moved ahead. When contacted, the company's spokesperson declined to comment on the details. Market sources estimated the target would be close to 100 stores across the city in the next few years. The company is also firming up plans for half a dozen hypermarts and about a dozen speciality stores.

The `Fresh' stores would span between 5,000 sq ft to 7,000 sq ft. The speciality stores for FMCG products, lifestyle and IT products would range between 10,000 sq ft to 50,000 sq ft while the hypermart format would have an expanse between 1 lakh square ft and 1.5 lakh sq ft. The `Fresh' stores would be located across major pockets in the city and the rest of the growth would happen where large plots of open space were available. Pune's retail landscape has already attracted players such as Pyramid Retail, Pantaloons, Shoppers Stop and Trent. Real estate consultancy firm Chesterton Meghraj has estimated 5 million sq ft of built-up retail space would be added in the next 24 months in the city. Sources said the company has already tied up with farmers in Maharashtra for sourcing fruits, vegetables and pulses. Reliance has also submitted applications to the state government's marketing directorate for a single licence to procure produce from the 41 agriculture produce market committees in the state.

http://www.financialexpress.com/fe_full_story.php?content_id=151480

< Pune to get a quaternary super-speciality hospital | ADP`s Pune facility by February >

Reliance Retail to make debut in Pune next month | 0 comments (0 topical, 0 hidden)