The Hindu : Business : RPG Cellucom to invest Rs. 100 cr.

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Saturday, Aug 25, 2007
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RPG Cellucom to invest Rs. 100 cr.

Special Correspondent

Proposes to roll out 500 stores by next fiscal

Opens four stores in Kolkata
Ties up with
Dubai firm

KOLKATA: RPG Cellucom, the emerging mobile and IT retail chain in the RP Goenka group, is planning to roll out 500 stores by 2008-09 from 75 now, Sanjiv Goenka, RPG Vice-Chairman, said.

Addressing reporters after its foray into Kolkata with the opening of four stores on Friday, he said this was the sixth city that was being tapped after Mumbai, Pune, Delhi, Hyderabad and Ahmedabad. The first outlet was opened in January at Sahara Mall in Gurgaon. A Rs. 100 crore investment has been proposed for this scale up which would cover 100 cities. Retail is one of the seven business sectors of the RPG Group.

RPG Cellucom, which is part of the RPG Retail sector, has entered into a partnership with the Dubai-based Cellucom group which is a specialised and organised retailer of mobility products.

Besides retailing, it is into distribution, exports and after-sales service of mobile and IT products. The RPG Cellucom stores offer customers a wide range of mobile phones, personal digital accessories, notebooks, mobile enhancements and entertainment, IT accessories and peripherals.

He said with an average net addition of six million a month, India was the highest growing market in the world. Kolkata and West Bengal were one of the fastest growing telecom markets.

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