By - { 04/11/09 }

More apnapan for Indians living abroad – Apna Bazaar on expansion spree

Andhra Pradesh based retain chain Apna Bazaar plans to go abroad. They will be setting up 12 outlets outside India in the next 6 months. They plan to open 5 stores in US, 3 in UK, and one each in SouthAfrica, Malaysia, Singapore and Mauritius.

ApnaBazaar

Apna Bazaar was first launched in India in 1993, in AP, through a charitable trust. Since then there is no looking back and they have grown to around 500 stores in India, with 500 – 5000 sq ft sizes. Their current turnover is more than Rs 1000 cr annually and expanding. The stores get products directly from various companies, eliminating extra costs associated with distributors.

This and also the exemptions that they get being a trust, add to there profit. They plan to carry on with the same model abroad. In addition to their plans of opening outlets abroad, they are also planning to expand to another 16 states within the country. So Indians abroad can get to see more apna-pan in the departmental stores.
Categories: business
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