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Habil Khorakiwala, chairman of Wockhardt New York: Highlights If you missed our coverage, here are the top 10 stories of the day. Sahara India on Monday announced Rs 3, crore investment for its retail venture, while setting an ambitious revenue target of around Rs 50, crore after two years.
The group claimed that it will open around 1, retail outlets under the 'Sahara Q Shop' brand initially in five states covering 60 cities and towns by The initiative will kick off from August Earlier this year, Sahara had announced its plans to foray into the retail sector under the 'Sahara Q Shop' brand of stores.
These store would market a range of products under 73 categories, including staples, processed foods, personal care products and home care products.
The company plans to launch retail outlets in towns and cities by March It is also aiming at revenues of Rs 15, crore in the first months and around Rs 50, crore after two years. These would majorly be company owned," Roy said.
He added that the new venture would provide jobs to around 1. When asked about the reason for entering into the new segment, Roy said: This is a very growing business in India.
Today the yearly sale of these products in the country is 16 lakh crore and a growth rate of 20 per cent".
The customers would be able to place an order for merchandise at these outlets and the items would be delivered at home by the company's sales force.
Speaking about the hotel business expansion plans in the country Roy said: In four star and three star categories, we are going to add around 15, rooms," Roy said. He also said that the company would be launching dairy business in March next year.
When asked about FDI in retail Roy said,"If its coming as quality aspect we should welcome anybody and everybody. But most important, which would be suicidal if we allow them to bring products from outside.
NDTV Beeps - your daily newsletter.About Saharaqshop. Sahara Q Shop from Sahara India Pariwar is a mega quality consumer merchandise retail business whose aim is to provide pure and adulteration-free products to .
Or why else would Sebi issue ads warning investors to avoid Sahara approaches? Business Standard a significant portion of the money deposited in the accounts have already been transferred to the Q-Shop plan, another money raising plan being marketed as a retail venture.”.
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Since , West Marine has grown to over local stores, with knowledgeable Associates happy to assist. Sahara Q currently has close to 1, exclusive brand outlets offering unadulterated, hygienic, and quality stamped food items and staples.
What was the ideation and concept behind the Sahara Q. The Sahara Group has clarified that Sahara Q Shop does not run a fixed-deposit scheme.
The returns mentioned in the Q Shop Plan-H certificates are loyalty points and not cash. Tweet Youtube. Eo ma.e this dream of Sahara Q Shop a reality Sahara India ;ari(ar is launching a Consumer Merchandise Retail Venture on a large scale all across India under the brand name of FSahara Q ShopG.
@or this purpose the company is setting for the first time the largest distribution net(or.