Reliance Retail Ltd expressed doubts over meeting its own target of 100 million square feet of retail space by 2010-11.
“It is a tough challenge at this point of time, but we certainly think we would make a good go at it,” Reliance Retail President and Chief Executive Bijou Kurien told the media.
“2008, 2009 and 2010 would be three critical years in terms of property editions,” he said after launching the company’s first jewellery store in the country in Bengaluru.
Reliance Retail plans to open 300 jewellery stores in the country in three years. The Bengaluru showroom will be followed by stores in Hyderabad and Ludhiana.
– Bangalore Bureau