Leading investment firm Xander Group will pump in around Rs 3,300 crore to develop and operate about 12 luxury shopping malls across India by 2017. Virtuous Retail, the group’s retail venture, is at present constructing eight such centres at various places and will develop another 2-4 malls in the coming years. The scope and potential of organised retail in India is huge as the company has committed USD 600 million for a pan-India retail presence. And the mushrooming of the shopping malls across the country will bring in an added advantage in the business of the signage firms engaging into the in-store displays, signage and other activities.
