Press Trust of India / New Delhi Nov 26, 2009, 16:09 IST
Consumer durable major Videocon today said it will open over 10,000 new stores of its retail venture-- Next and Planet M over a period of next three years as part of its plan to increase foot print in the rural and hinterland areas.
"There are over 10,000 small towns in the country. We will have one store in each town in the next three years," Videocon Industries Director Pradeed Kumar N Dhoot told reporters on the sidelines of franchise India 2009 summit here.
Videocon has retail operation under the brand Planet M and Next.
However, Dhoot didn't disclose the company's investment. He said the company will cover 33 per cent of the country's geographical space in the first year and continue it for the next two years.
"The rural areas have immense potential for growth and we want to tap this. We have currently 45,000 dealerships across India and we are looking to increase their numbers," Dhoot said.
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