According to the sources available to www.propertykhazana.com, Godrej Group is ready to start a large company in the retail section by following the path of other realty aficionado and the company is gazing for a JV with the foreign retailer and it looks like it is in discussion with the UK’s Makro which is possessed by Germany’s Metro. It may incline towards the British retail Tesco, but Adi Godrej Chairman of Godrej Group, did not reveal anything which is linked to the enduring plans.
Claimed sources to www.propertykhazana.com says, this move has marked an alter in the company’s approach to the retail business and 1/3rd of the Godrej’s income is from FMCG business and the part is from different segments like Agri-business, properties, appliances and furniture and so on. Likewise, company is in doubt till the project is concerned and the given possible of a clash with the retail business. Company has still not yet come to a conclusion whether it will join with Makro, the group which enjoys the position of being the third main cash and carry trader in UK with the yield of $1.1 Billion or Tesco the UK’s biggest retailer and World’s leading global retailers.
Source: NIMMA BENGALURU
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