By IANS
Kolkata : Bombay Dyeing and Mfg Co Ltd, one of India’s largest textile manufacturers, is all set to revamp its retail outlets across the country with an investment of Rs.600 million over a period of three years, company’s joint managing director Ness Wadia said here Friday.
“We are revamping all our 450 retail stores in India. We are also trying to come up with flagship stores in big cities,” Wadia told reporters on the sidelines of an interactive seminar organised by Federation of Indian Chambers of Commerce and Industry (FICCI).
He said some of the 450 stores would be shut down and others would be converted into high-end retail outlets.
Wadia also evinced interest in healthcare, education and infrastructure developing sectors in West Bengal.
“I met West Bengal chief minister Buddhadeb Bhattacharjee and told him that we are interested to enter into healthcare, education and infrastructure developing sectors in the state,” Wadia said.
Bombay Dyeing has already invested Rs.2.5 billion in setting up its new unit in Pune.
The company has also tied up with Proline, a joint venture between the Batra group of companies and Bombay Dyeing, and will include company’s textile length, Vivaldi, in its operation, he said.