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Pantaloon Retail ventures into office Supplies Business

November 19, 2006


Pantaloon Retail India Limited has announced in a notice to the BSE that it will invest Rs 17.5 crores in setting up a subsidiary for carrying out office supplies business. Office supplies business includes selling from papers, staples, files, file cabinets to printers to software. This is a Multi-Billion dollar industry in the US and will be the same in India with rapid economic growth.

Pantaloon is also establishing a subsidiary in Hong Kong to source supplies from China and other cheaper Asian markets.

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