To enter into related verticals as part of expansion spree
Hyderabad, September 21, 2006
The India's largest discount supermarket and pharmacy chain Suibhiksha has announced to invest Rs.40 crore in the State. The Company is rolling out 55 stores in a month and another 25 in the next three months as part of the 600 store rollout in five states on outlay of over Rs.3000 crores as announced earlier.
The Managing Director R Subramanian said in Hyderabad that Suibhiksha will operate in all four verticals of telecom, supermarket, fruits and vegetables and pharmacy. He said that its' business model is to ensure customers getting daily needs near home at sharply reduced prices with no compromise on quality.
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