Future Group to invest Rs 4,000 crore

The Future Group said that it plans to invest Rs 4,000 crore to expand its stores so that it can reach a topline of Rs 30,000 crore by the year 2010-11. Kishore Biyani, managing director of Pantaloon Retail stated that, “We are increasing the outlets of Big Bazaar from 50 to 100 by next year. We are also adding eight more stores of HomeTown.” Besides Big Bazaar, there will also be 12 Central malls, and factory outlets in opening in Gurgaon, Kolkata and Chennai.