Woodland spending big to expand in India

Woodland spending big to expand in India

Woodland brand is pretty popular amongst the teenagers in the Indian market.

The company is now planning to invest up to Rs 200 crore in the next 12 months on their expansion plans.

They are aiming to open 75 more stores in the country. The plan is to also enhance the manufacturing capacity to cash in on the ongoing retail boom.

Woodland Shoes Managing Director Harkirat Singh said in a statement: “Each new store will require an investment of Rs 2-3 crore and thus we would be spending up to Rs 200 crore in setting up new exclusive stores across the country.”

He added: “We have set up five new manufacturing facilities in Uttarakhand and Himachal Pradesh to cater to the increased demand. The new units are likely to be ready by 2007-end.”