Indian Future Group wants to invest on a readymade garments unit in Telangana and is in talks with the state government in that regard, group CEO Kishore Biyani told media persons in Hyderabad recently. The investment and other details of the project are yet to be disclosed by the company. Hyderabad contributes about Rs 2,500 crore to the group’s revenues.
The group’s revenues would be around Rs 30,000 crore this fiscal and is expected to grow to ?40,000 crore in the next fiscal. It targets revenues of Rs 1 lakh crore by 2021, according to a news agency report. (DS)
ALCHEMPro News Desk – India
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