Sahara India will invest Rs 3,000 crore in Q Shops — a chain of retail outlets spread across 60 cities in five states, which will open from August 15. The shops will, according to company’s chairman Subroto Roy, stock the best quality consumer products ranging from grocery to personal care.
In the first phase, these retail outlets will be opened in five states including Uttar Pradesh, Uttrakhand, Rajasthan, Bihar and Jharkhand. It plans to increase the number to 998 towns and cities by March 2013, Roy told the media here on Monday.
Sahara India is looking at revenues of Rs 15,000-20,000 crore in the first 12-18 months of operations and increase it to around `50,000 crore after two years, Roy said.
“The company has invested a lot of thought for quality of products to be sold through its outlets,” Roy said adding over 50 quality experts, 150 quality control executives and a full-fledged team will look at the quality of each and every product.
The distribution will take place from 305 state-of-the-art warehouses spread out in 285 towns in a total area of one crore square feet.
The company, Roy said, will either have a tie up or pick up stake in those companies supplying products to Q shops. “This will ensure that we always have control over quality and only the best will be sold from our outlets.”