Pantaloon Retail (India) Limited, a future group venture, will make an investment of more than Rs 1500 crore for opening more than 110 big bazaar hyper Markets in various cities across the country, Anand Adukia, Zonal Chief of the company said on Friday.
“With this launch, Big bazaar is now present in all the four major cities of Ahmadabad (five stores), Anand, Surat, Rajkot and Vadodara (one each) while the count for all India goes upto 90 stores in 55 cities in the country,” Adukia told reporters, after opening its ninth store in the city today.
The sprawling three floors of Vadodara Big Bazzar houses over 1.6 lakh products and is a destination store to cater to every single household needs of a family, he said.
“We are a consumer-driven company and we ensure that all our Big Bazzar stores fulfill the needs of the entire household under one roof,”Adukia said.
This store also houses, ‘Navras’, a national brand known for fine 22 carat pure gold and diamond jewelery.
The company intends to open one more store in Vadodara, and Ahmedabad in next couple of months along with Jamnagar, Bhavnagar and Vapi among others, Adukia added.
Besides, the company also intends to open 11 more stores in Gujarat later this year, he said adding, with this, the company has made a total investment of Rs 500 crore in the state.
At present, Pantaloons caters to the lifestyle segment through its 40 stores and seven central malls.
The company is a leading retailer with a turn over of over Rs 3350 crores and is targeting 50% growth this year, Adukia added.