Tatas to invest Rs 320 crore in Croma chain

MUMBAI: Tata Enterprises' retail arm Infiniti Retail Ltd will invest Rs 320 crore in consumer electronic Croma chain crore by March 2008, a top company official said.

"We will foray in Bangalore by the first week of October, while in Delhi by December," Tata Enterprises CEO and Managing Director Ajit Joshi said on Tuesday at the sidelines of the Indian Retail Forum 2007.

"In Bangalore we will have two stores by October and by December we plan to have more than 12 stores," he said.

From the present nine stores, there will be around 40 Infiniti stores by March 2008, he said.

"Each store would be of around 8,000-10,000 square feet," he added.

Another format will also be launched where the area of the stores will be around 12,000 to 15,000 square feet, he said.

He said that the main concerns in the retail sector are real estate and trained workforce.