Havell’s expansion plans

Business Standard reports that electrical goods company Havell’s has announced that it will be significantly increasing its exclusive stores from its current 6 to 200 over the next three years. Anil Gupta, joint managing director of Havell’s said, "We propose to increase the number of retail stores to 30 by the end of this fiscal, and to 200 in the next three years." The company will also be investing approximately Rs. 125 crore in improving and updating its manufacturing facilities.