Addressing the media in Mumbai, Mr. Birla said, "We believe that the Indian consumer today is underserved. Even though we have many shopping outlets in India, many of them do not offer the kind of shopping experiences that people in most other parts of the world are used to, and even take for granted. As a result, spends by Indian consumers on their day-to-day needs and special shopping occasions are much less than they ought to be."
Mr. Birla announced that the first supermarkets under the more. brand name would open shortly in Pune and then quickly expand to other major cities in India. They are planning to invest up to Rs 9,000 crore (Rs 90 billion) over three years to set up 1,000 supermarkets.
Aditya Birla Retail intends to differentiate itself by providing very competitive prices and the right selection of products in a friendly and exciting environment. Over time, they will be developing their own products.
To ensure the freshest supply of fruits and vegetables to customers, the company is building linkages directly with the farmers. They are also in the process of architecting a supply chain to connect households more directly to farmers and towards this invest appropriately in backend infrastructure.
In January this year, the Group had acquired Trinethra Super Retail which has given them more than half a million square feet of selling area and a strong presence in the supermarket business in the four southern states of Andhra Pradesh, Karnataka, Tamil Nadu and Kerala, where it is the No.1 retailer.
Plans to increase its penetration in the south and initiate a pan-India roll-out are on the anvil. Across all of Aditya Birla Retail's formats, the brand name will be common, i.e. MORE.
The company does not intend having a joint venture partner given that the Aditya Birla Group has the necessary competencies inhouse. The investment in retail will not be out of any of the listed companies in the Aditya Birla Group, informed Mr. Birla.
Mr. Sumant Sinha, the CEO of the retail business said, "more. is an aspirational brand for an aspirational country. We have a bright and committed enthusiastic team that represents the best experience from India and globally. Already on board are Mr. Andrew Denby to head the supermarkets, and Mr. Russell Berman, for the hypermarkets. We are all very excited about our business".
So now you have more options for your retail shopping. I love competition. It makes customers "king". Can't wait to see all these stores up and running.
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iliked u r store but if u open ur store in jalna city it will be convinent for
us rather then aurangabad . the people living in jalna r maximum from buisness
class n there r also service class population . i want 2 when r u starting u r
store in jalna city .