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Construction : Real Estate | August 2013 | Source : Construction Update

Asian Granito to open 50 stores in India

Having 40 showrooms countrywide, Asian Granito India plans to open 50 more stores under the name ‘Bonzer 7 World' by 2015 across cities such as New Delhi, Jaipur, Udaipur, Mumbai, Bangalore, Chennai, Ahmedabad, Chandigarh, Pune, Kochi, and Hyderabad. Asian Granito is in the process of tying up with around 15 contract manufacturers to add capacity of about 25,000 each day in the next six months. Asian Granito India is a company based in Ahmedabad.

On its expansion plans the company said that it will invest about Rs 300 crore to build a network of contract manufacturers and modernising its facilities. The company will also consider setting up its seventh manufacturing unit in the South, either in Andhra Pradesh or Karnataka, depending on the availability of gas. Tamil Nadu is the biggest market for Asian Granito, followed by Kerala and Andhra Pradesh.

The company operates six manufacturing units of its own with a combined output of 81,000 a day in and around Ahmedabad. The company currently exports its products to 37 countries and it will increase its presence abroad to achieve Rs 100 crore export turnover in three years.

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