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Future Group anticipates $3 bn revenue by 2010-11
25
Feb '10
India's leading retail venture, Future group is pursuing a turnover target of $3 billion as against the current turnover of $2 billion, to be achieved by the end of the next fiscal year. Kishore Biyani, Chief Executive Officer of Future Group, informed.

He was speaking at an interactive session, subsequent to the inauguration of the Sealdah commercial complex which is an initiative by Keventer and Future group in association with the Kolkata Metropolitan Development Authority (KMDA).

He stated that the group, during the corresponding period also intends to expand its space from the current 14 million sq. ft to 17 million sq ft. and anticipates that 55 percent of the projected $3 billion revenue would be generated by the retail segment.

Biyani, while depicting his enthusiasm to start more outlets in Kolkata and other cities in India said, the group over next 3-4 years intends to open two Central outlets in Kolkata. The company is looking for new properties in prime locations of the city.

We have been hunting for good locations in Kolkata since last three years but nothing positive has turned out till date, Biyani said. At present, Future group manages Central outlets in 10 cities across India and Kolkata too should have one, he firmly added.

He also revealed that the group is very much interested in establishing its outlets in the commercial complexes of railways and would love to get associated with Indian Railways. Prior to this too we have tried on this front but did not succeed in cracking the deal, he added.

Fibre2fashion News Desk - India

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