Buoyed by fresh capital infusion from Pantaloon Retail (India) Ltd, branded garment manufacturer Turtle Ltd is planning for a major expansion.
Admitting that the managing director of Pantaloon, Kishore Biyani, has picked up some stakes in the company, Turtle chief strategist I Sridhar told FE that there are plans to expand business, networks and product range in a big way in coming years. He said the company is looking for opening up more exclusive brand outlets (EBOs) in major cities besides multi brand outlets (MBOs) in smaller towns.
Amit Ladsaria, director of Turtle, said the company has set an ambitious target of a turnover of Rs 750 million during 2008-09 as against Rs 460 million reported in the previous fiscal.