Gujarat Region of Indian Oil Corporation Ltd (IOCL) has entered into an agreement with Vadodara-based quick service restaurant chain, Neopolitan Pizza Ltd for setting up pizza outlets at IOCL’s retail outlets along highways in Gujarat. As per the terms of agreement, IOCL will grant permission to Neopolitan Pizza, listed on the NSE-SME Emerge Platform, to set up the pizza outlets at select Retail locations, to be managed by the latter. An MoU has been signed recently in Ahmedabad as the move by IOCL is seen in line with the Gujarat Government’s new Tourism Policy, which encourages roadside restaurants and refreshments for the commuters on the highways. Signage companies engaged in branding, designing and other activities in the sector will find fresh business opportunity in such development on the highway in Gujarat.
