Big Apple to invest Rs 45 crore in retail stores in NCR

Delhi based Grocery store chain Big Apple announced that it would be investing Rs 45 crore. The company will be doubling its stores in Delhi and the NCR area by 2008-09. According to Munish Hemrajani, managing director of Big Apple, "We would invest Rs 45 crore to set up 65 new stores in Delhi and NCR to take up the total number to 100, which would be further increased to 140 by the end of this fiscal." The company plans to expand to other locations such as Karnataka and Gujarat in the next financial year, with 200 stores in Gujarat and 50 in Karnataka.