American retail chain, MyDollarStore has started operations in Pune,India. MyDollarStore has entered into a Joint Venture with Sankalp Retail Value Stores Pvt Ltd. This store will offer a range of merchandise including cosmetics, health care products, canned and bottled foods, toys and kitchenware. The significance of this store is that every item is available at Rs 99.
In the US, merchandise in this kind of stores is sold for $1 and hence the name Dollar Store.