Gitanjali to invest Rs 100 cr in luxury retail space

Gitanjali Group will invest Rs 100 crore over the next 2-3 years to set up luxury malls and stores across the country, besides tying up with international brands to facilitate their entry in the Indian luxury market. The group’s foray in the luxury retail market would be through ‘Luxury Malls’ and ‘Luxury Connexions’, which would act as consultants to global brands on how to enter the domestic market. The first store would open in Hyderabad, followed by Mumbai, Bangalore, Delhi, Kolkata, Ludhiana, Chandigarh and Chennai.

Courtesy: EconomicTimes
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