Wadia Group is said to have drawn up plans to plunge into the retail sector. It is being speculated that the group will invest approximately Rs 8,000 to Rs 12,000 crore in the next few years.
Sources in the know have confirmed that the company is planning to enter different retail formats including apparel retail and consumer durables. It is believed that the group will use part of the 4.5 million-square-feet land it is developing in Central Mumbai, for its retail venture. Officials from the group did not give details regarding the retail foray, when indiaretailing.com asked them.