Marks & Spencer to set up shop in Kolkata
UK based retail chain Marks & Spencers will set up shop in Kolkata in August, British Deputy High Commissioner (East) Simon Wilson said on Friday.
By PTI |
KOLKATA: UK based retail chain Marks & Spencers will set up shop in Kolkata in August, British Deputy High Commissioner (East) Simon Wilson said on Friday.
It would set up shop at a new property worth Rs 30 crore, called Avani Heights next to Exide House at Chowringhee Road. The three-storied store would be operated by franchisee Planet Retail Holdings Private Ltd.
Marks & Spencer already has presence in Gurgaon, Mumbai, New Delhi, Hyderabad, Chennai and Lucknow. It has about 400 stores in UK and about 150 stores globally.
"Already, two large trade missions have announced their plans to visit Kolkata. A 25-member trade mission from Northern Ireland, an urban generation mission and a multi-sector trade mission from the South East of England is planning to visit in February 2007," Wilson said.
"These missions will give us an opportunity to introduce more UK companies to local industry and help companies find right partners to help them grow," he told members of the Bengal National Chamber of Commerce.
ADVERTISEMENT
Indian foreign investment projects in the UK increased 110 per cent in 2005-06, over the previous year.Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
