Home Retail Somany enters retail

    Somany enters retail

    By  
    SHARE

    With the opening of a 2,000 square feet showroom in Lucknow, the UP-based (SCL) has made its debut in the country’s retailing sector. The company has invested around Rs 25 lakh for this outlet.

    Addressing the media, , joint managing director, SCL, said: “We have been delivering our products across the state since long, and now shall focus largely on retail.”

    Citing reasons for opening their first outlet in Uttar Pradesh, , president, SCL, said: “In India the retail industry is growing at the pace of 15 per cent, and the growth in Uttar Pradesh is around 20 per cent. This speaks for the state’s potential.”