REI Agro announced the launch of its retail chain, 6Ten, in Punjab and Haryana.
According to a release issued by the company to the BSE today, the chain started operations with the simultaneous opening of five stores in Chandigarh, Mohali and Panchkula.
6Ten stores are speciality food stores offering products such as grocery items, FMCG products and fruits & vegetables. The company is planning to open more than 50 stores across the two states in one year.
Sandip Jhunjhunwala, managing director, REI Agro said: "With organised retailing growing at more than 30% annually, there is a huge untapped market for these stores in India. We are targeting the space across states like Punjab & Harayana to deliver world-class products and shopping experience to consumers."