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Aditya Birla Retail to open ten hypermarkets
MORE AND MORE: Krishan Dhawan (left), Oracle India Managing Director, and Sumant Sinha, CEO, Aditya Birla Retail, at a press conference in New Delhi on Thursday.
NEW DELHI: Aditya Birla Retail Ltd. (ABRL) on Thursday unfolded its expansion plan to add this year around ten hypermarkets to its existing chain of supermarkets and hypermarkets across India. The expansion plan will involve an investment of Rs. 250 crore. Besides, there is a move to roll out a large number of superstores under the ‘More’ brand name.
“I believe we can roll out an equal number of supermarkets, which we have opened last year,” ABRL CEO Sumant Sinha told reporters, while announcing the tie-up with Oracle for implementing IT solutions in its retail operations.
At present the company has two hypermarkets one each in Vadodara and Mysore. Last year, ABRL had acquired South India-based Trinethra Superretail, which had 170 retail stores. At present, its total number of supermarkets across India stands at 500.
He said the company had plans to open ten hypermarkets this year.Mr. Sinha said the company had selected Oracle Retail merchandising, planning and supply chain applications to drive its growth plan in India.
With a centre in Bangalore to supports its retail clients both domestic and international, Oracle, which started providing solutions for the retail industry 18 months back in India, is also very bullish about the Indian market.
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