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-- Initiative enables SME's and smaller consumer goods manufacturers
to access national markets
-- Multiple product categories represented
-- Strategic tie ups with Fun Foods, Chaudhary Group and SR Foils
New Delhi, 22nd July 2006: Pantaloon Retail (India) Limited , a
leading retail chain in India ( and a part of the Future Group)
has organized a unique business initiative, at Pragati Maidan, Hall
No7 ABC, New Delhi from 21st July - 23rd July.
This is a three-day event, where hundreds of small and medium sized
enterprises are showcasing and displaying their product lines. The
objective of the event is to review, assess and find manufacturers
who can meet the Pantaloon standard of quality, category and product
parameters with a view to giving those that meet them a national
distribution footprint across various formats like Big Bazaar, Food
Bazaar, Pantaloons, e-Zone, Furniture Bazaar, Central, Depot etc…
The categories being showcased at the event include fabrics, apparel,
fashion, home furnishings, books, gift and stationery, music &
multimedia, furniture, white goods, food, beverages, agro commodities
etc..
Pantaloons Retail (India) Limited, as an organization has always
sought to innovate in everything that it does. This has led to different
initiatives, most of which are designed to project and promote the
intrinsic strengths of India in the field of retail.
The event in Delhi is an initiative in keeping with this spirit,
as indeed re-emphasising a core value of the group…Indian-ness!
This initiative , will, among other things, mean a definite increase
in the turnovers of the vendors selected, and consequently, an increase
in the employment generating capabilities of the SME's as well.
Speaking on the scope of this new initiative, Mr Damodar Mall,
President, Food Business, Pantaloon Retail, stated, 'Today, it is
very difficult for smaller players to get into the national level
markets. But given the entrepreneurial spirit of India, we at Pantaloon
believe there is a huge business opportunity to be tapped here.
With this initiative we have taken the much-needed first step to
explore this potential.'
Significant new strategic tie ups
Pantaloon Retail also announced some significant strategic tie ups
on the occasion of the vendor meet. These include tie ups with Fun
Foods, Chaudhary Group and SR Foils. Details of these initiatives
are given in a separate note, being distributed with this release.
About Pantaloon Retail (India) Limited:
Pantaloon Retail (India) Limited is a leading retailer with a turnover
of Rs. 1073 crores for the financial year ending June 2005 . It
is expected to cross the Rs 2000 crore in revenues for the financial
year ending June 30, 2006.Headquartered in Mumbai, the company operates
primarily through the Lifestyle and Value formats through multiple
delivery mechanisms and lines of business including Fashion, Food,
General Merchandise, Home, Leisure & Entertainment, Financial
Services, Communications and Wellness. The company has stores in
30 cities across the country, constituting 3.5 million square feet
of retail space. The company caters to the Lifestyle segment through
its 21 Pantaloons Stores and 3 Central Malls. In Value Retailing
it is present through 30 Big Bazaar hypermarkets, 47 Food Bazaars
and 5 Fashion Stations.
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