Monday, May 07, 2007

UK based B&Q plans to open in to India

UK based home improvement retail chain B&Q announced that it is interested in opening stores in India and is conducting talks with Indian companies in an effort to form a joint venture. B&Q is part of the Kingfisher Group, which is one of the largest retail companies in the UK.

Steve Gilman, chief of Asian operations for B&Q, who earlier had come to India to see the opportunities in retail in the country, met Kamal Nath, the commerce and industry minister to clarify details on regulations on entry as pertaining to FDI. The company has 700 stores across the world and is currently the largest DIY retailer in all of Europe and the third largest in the world.

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