Footwear manufacturer and retailer Bata India is planning to spend Rupees 150-200 crore over the next three years to open new large format stores and renovate existing ones, a top company official said.
In addition, the company will also receive 640,000 square feet of constructed space free of cost in the project over a period of time.
In 2005, Bata set up a joint venture company with Calcutta Metropolitan Group Ltd (CMGL) on a 50:50 shareholding basis to build the integrated township.
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