Thursday, February 1, 2001
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Trent to foray into food retailing 

Our Corporate Bureau  
Mumbai, Jan 31 : Tata group company, Trent Ltd has decided to make a foray into food retailing with tentative plans of opening 100 grocery stores in the western and northern regions of India. According to a press release, the proposal was passed by the board of directors which has approved of the entry either by an appropriate acquisition or a start up through a greenfield project. The project will entail an investment of up to Rs 40 crore over a five year period. The stores will be in self service supermarket formats selling food and non food items including wet groceries. Currently the Indian market is estimated to be of the size of Rs 3,00,000 crore and is dominated by small independent retailers.

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