India's largest retailer, Reliance Retail, is planning to add more stores.
Stepping up expansion plans
Reliance Retail went through a round of consolidation last year, closing 60 outlets under the Fresh banner, its convenience store format. It seems to be in expansion mode this year. The retailer plans to open 200 grocery stores (under Fresh and Smart banners), 300 wholesale outlets (under Market), 300 fashion stores (under Trends) and up to 600 fuel stations. The total investment is expected to be around INR25bn (US$382m).
About Reliance Retail
Reliance Retail runs 12 retail formats including Reliance Fresh, Reliance Smart, Reliance Trends, Reliance Digital and Reliance Jewel among others. It operates 3,553 stores across 686 cities as of December 2016. It is India's largest retailer by store numbers.
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