Business Standard reports that the Indian Oil Corporation (IOC) and Future Group’s Food Bazaar have signed an agreement to set up petrol pumps at the retailer’s shopping center’s and setting up Food Bazaar’s at IOC run petrol outlets. With this agreement, The Future Group will have access to new and untapped markets in semi-urban and highway locations.
IOC will set up their petrol pumps at select Future Group malls, hypermarkets and supermarkets. The larger Food Bazaar outlets will run by the Future Group itself, smaller outlets will be run by IOC dealers, who would source the merchandise from Food Bazaar.
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