"We will invest Rs 1,500 crore across different formats in the next 12 months to open 250 additional stores. The total retail space will go up to 22.5 lakh sq feet by March 2009," RPG Enterprises Vice Chairman Sanjeev Goenka told reporters while announcing the launch of two new hyper stores in Ghaziabad and Gurgaon.
The company is also holding talks with a number of international retail players for setting up joint ventures in the country.
Without divulging their names, Goenka said, "We are looking at international tie-ups across various categories and in the next six months a number of joint ventures will be announced."
Presently, the company operates 400 stores across 65 cities in India under different formats such as super market, hyper market, express and dailies.