Gitanjali Group aiming to increase retail space

Gitanjali Group has announced that the company in the next two years will be buoyed by a 50 percent increase in retail space to 15 lakh sq ft across India. Currently, the group has around 3,000 retail outlets in India on a total area of 10 lakh sq ft. The expansion of retail space will help the company reach a target of Rs 10,000 crore revenue in the said period. Apart from diamonds and gold jewellery, the group has presence in areas like retail and lifestyle and infrastructure, under which it plans to build seven Special Economic Zones. Expansion of retail space will surely bring in a new opportunity to the signage players viz. in-store media companies and sign suppliers.