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NEW DELHI: Beauty and fitness chain, VLCC plans to invest Rs 75 crore on expanding its operations in the UAE and other countries in West Asia.

The first phase of investment of Rs 30 crore would be undertaken this year spread over Dubai, Sharjah and Abu Dhabi.

The second phase, to be completed in two years' time, would focus on expansion in countries such as Qatar, Kuwait and Saudi Arabia.

The investment would be funded by VLCC International Inc, the investment arm of the group by a combination of debt and internal accruals.

According to Mr Mukesh Luthra, Managing Director of the VLCC group, "We will be able to replicate our Indian business model in the international centres. Already three VLCC centres are operational in Dubai and we would be adding two more centres in Sharjah to be opened in March this year."

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