Business Daily from THE HINDU group of publications
Thursday, March 27, 2008 ePaper | Mobile/PDA Version
|
Business Daily from THE HINDU group of publications Thursday, March 27, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
||
|
News Update as at 18.00 hrs (IST)
Corporate REI Agro plans to reach down south CHANDIGARH: After its 'successful' foray into the retail business under the brand name '6Ten' in North India, the REI Agro - a basmati rice processing and marketing company - has decided to move towards western and southern parts of the country. Making an announcement on one year of completion of its retail business in Delhi, Punjab, Himachal Pradesh and Haryana, Mr Rasheed Khan, General Manager - Punjab, REI said today said that the company had planned to open retail stores in Gujarat and Mumba i and some parts of south in the next fiscal. He said that the company is likely to invest a sum of Rs 40 crore on retail business in 2008-09 in west and southern India. He said that the company had 355 stores operating 'successfully' in Delhi, Punjab, Himachal Pradesh and Haryana. "The company intend to open additional 180 stores in the next fiscal in the North," he asserted while adding that the total investment to be made in retail business by the company in the North in the next fiscal will be to the tune of Rs 60 crore. Commenting upon the one-year completion of company's retail business, he said it was "very successful" and the people's response was "excellent" towards the stores owned by the firm. The company was incorporated in 1994 with an integrated processor from paddy procurement to drying, de-husking, milling, polishing, colour sorting, grading, packing and distribution and retailing business. - PTI
Prev: Reliance, BG refuse to sign Panna/Mukta gas deal Business Line | NUS Index | |
Related Topics Alliances & Joint Ventures Announcements Auditing Awards & Honours Bonus Announcements Company Law Corporate Bonds Corporate Disputes Corporate Governance Courts/Legal Issues Diversification Environment Human Resources Interview IPOs IPR Management Mergers & Acquisitions New Projects Open Offers Outlook Outsourcing Overseas Borrowings Overseas Investments People Performance Preferential Allotments Private Placement Regulatory Bodies & Rulings Research & Development Restructuring Rights Issue Sick Units Society & Development Standards & Benchmarks Taxation Trade & Labour Unions |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line
|