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Our Bureau

To invest Rs 80-100 crore

Kolkata, Sept. 22

Tata Teleservices Ltd on Friday outlined plans to invest Rs 80-100 crore in augmenting the number of its retail outlets across the country from 2,700 at present to 3,500 by the end of the current fiscal. The enhanced retail rollout has been described as "a corner stone of our strategy to augment our customer base from the existing 12 million to 18 million by next year" by Mr Jehangir Ardeshir, President Business Improvement, Tata Teleservices Ltd.

Addressing a news conference here, Mr Ardeshir said about one-third of the retail outlets would be company-owned-company-operated while the rest would be franchisee outlets. Of the total 3,500 retail outlets that would be in place by March 2007, about 3,200 would comprise `True Value Shoppes' while the rest would be `True Value Hubs.'

Mr Ardeshir said the retail expansion initiative was spurred by the high quality retail footfall in India that was growing in number.

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