Subhiksha targets Rs 3,000 crore by 2008

Subhiksha, one of Chennai's most popular food and grocery retail chain announced that it was aiming to have a turnover of Rs 3,000 crore by the 2008 financial year. At presnet Subhiksha has 700 retail stores and plans on opening another 300 outlets in the next 2-3 months. The total cost of the investment is said to be Rs 150 crore. 100 of the new stores will be in the state of Maharashtra, with the remaining in either the south or the north.