V-Mart eyes Bangladesh

Plans of doubling outlets to 120 by 2015.



Multi-brand retail chain, V-mart is eyeing international forays and looks at Bangladesh to begin with. Lalit Agarwal, Chairman and MD,V-mart Retail said "There is a huge potential in Bangladesh as the country's retail business is primarily unorganised. The organised retail space is almost vacant. We are currently conducting a study of the market, and whenever it will start business in the country, the company will source materials from both local market and India.”
Apart from it international plans, the retailer also looks at doubling its showrooms count to 120 outlets by 2015 in smaller Tier II and III cities, domestically. It currently has 69 outlets.