Kingfisher looks to India

UK based home improvement store Kingfisher is planning to come to India, investing $250 million in the venture in the initial phase. While a formal announcement was yet to be made, a team from the UK was in India looking for a company to tie up with and also for locations. The company sells a wide range of goods for the home, such as appliances, tools, hardware, garden supplies and DIY (do it yourself) products. Kingfisher has stores in several countries and is the market leader for its sector in the UK, France, Poland, Italy, China and Taiwan.

"A booming retail industry has space for at least five-to-six home improvement retail brands to set up shop in India. Also, the absence of a largeorganizedd player in this segment is driving international brands to begin operations in the country," a retail analyst said.