Kolkata: Bombay Dyeing & Manufacturing Co Ltd, one of India’s largest textile manufacturers, will invest 600 million rupees over 3 years to revamp its retail stores, Joint Managing Director Ness Wadia said on Friday.
“We are revamping all our 450 retail stores in India. We are also trying to come up with flagship stores in big cities,” Wadia told reporters on the sidelines of an interactive seminar organised by Federation of Indian Chambers of Commerce and Industry (FICCI).
The company has 450 retail stores in different parts of the country.
“The investments will be funded through internal accruals and debt,” he added.
Wadia also evinced interest in healthcare, education and infrastructure developing sectors in West Bengal.
Wadia said, “I met West Bengal chief minister Buddhadeb Bhattacharjee and told him that we are interested to enter into healthcare, education and infrastructure developing sectors in the state.”
Bombay Dyeing has already invested Rs.2.5 billion in setting up its new unit in Pune.
The company has also tied up with Proline, a joint venture between the Batra group of companies and Bombay Dyeing, and will include company’s textile length, Vivaldi, in its operation, he said.