Future Group led by Kishore Biyani is in talks for setting food park and flour mill in Assam. The group has announced that it will ramp up its retail presence across the Northeast India.
Biyani who was in Guwahati on Sunday said, “I talked to the Chief Minister Sarbananda Sonowal and we are planning to come up with a Food Park and flour mill.”
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He said, “We will produce our brand ‘Desi Atta’ from this flour mill. Currently we are scanning various places where the food park can come up. We are studying the rice varieties here.”
Future Group has just opened its first ever Central store in Guwahati on Sunday. The group also has plans to open 20 Easyday stores in Guwahati.
The Group also plans to open big bazaar chain in Dibrugarh, Bongaigaon, Tezpur and Tinsukia in Assam. They also announced that Big Bazaar will come up in Shillong in Meghalaya, Aizawl in Mizoram and Itanagar in Arunachal Pradesh.
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According the group its hypermarket chain has conversion rate of visitors of around 75 percent.
Biyani said that in the Guwahati central store they have invested around Rs 350 crore. “We are adding two more Big Bazaar in Guwahati. Guwahati presently has one Big Bazaar, which is third largest fashion and retail outlet among the Big Bazaar in the country.”, reports ET
He added, “The Agartala Big Bazaar is seventh largest Big bazaar outlet in the country. The demand from consumers is very good and there is aspiration among the consumers.”
Biyani said that demonetization and GST implementation did not impact the business much.
He said that e-trailer platform has not impacted the business of the company. “We will make foray in Ayurveda products and we are planning to launch hair oil.”