BigC Mobiles to invest Rs 5 bn for expansion

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Hyderabad-based mobile retail chain, BigC Mobiles has planned to invest Rs 5 billion for expansion across India in next one year. The company is eyeing to set up stores with carpet area between 450 and 2,200 square feet in tier I and II cities, said a company official.

“We are targeting to take our total store network to 100 in Andhra Pradesh and Karnataka by March 2009. The second phase of expansion will see our foray into Kerala and Tamil Nadu markets in 2010, with our network touching the 200-store bar by then,” said M Balu Chowdary, chairman, BigC Mobiles.

The six-year-old BigC currently has 54 outlets, 50 in Andhra Pradesh and four in Bengaluru.

—IndiaRetailing Bureau

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