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    IOC readies for non-fuel retail foray

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    After tasting the success in fuel business, (IOC), country’s leading fuel retailer, plans to enter into the non-fuel retail segment. To start with an organised retail business, Indian Oil is expected to form a partnership with established players including goup or Pantaloons.

    “The new retail business would start its operations within six months,” said, , chairman, IOC.

    Talking to Indiaretailing, , DGM, IOC said, “It will be a convenience retail store which will consist of all kinds of premium brands.” However, he remained tightlipped for any further information related to the product line, initial investments or launch of the store.

    Further, IOC would provide the use of its petrol pump sites for the retail stores while the expected partner company will take care of sourcing the products.

    —IndiaRetailing Bureau