Aditya Birla Retail (ABRL) has announced plans to open ten hypermarkets in India within the next two years under the “More” banner.
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The company added that it also aims to have 1500 supermarkets and 100 hypermarkets by 2013.
According to CEO Sumant Sinha, ABRL the company will invest a total of US$2.5bn on its expansion plans.
ABRL launched its first hypermarket last month, in Vadodara Gujarat, at the cost of US$6m.
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