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At the recent Global Investment Summit (GIS) held in Visakhapatnam, memorandums of understanding (MoUs) worth Rs 13.11 lakh crore were signed. These contracts, valued at Rs 386 crore, are expected to create 6 lakh new jobs in the state.
Some of the shops and establishments that figured in the list are readymade garments and accessories retailer Aditya Birla Fashion and Retail Limited, Amazon Transportation Services, the logistical arm of the e-commerce giant, Godfrey Phillips India Ltd, which is engaged in retail trade businesses like departmental and convenience stores, Nykaa Fashion Pvt Ltd and sweets shop chain Bikanerwala International.
Aditya Birla Fashion and Retail Limited has entered into a 50:50 joint venture with Christian Louboutin SAS to form CLI Footwear and Accessories Pvt Ltd.
Clothing retailer Aditya Birla Fashion and Retail Ltd (ABFRL) is all set to acquire a 51 per cent stake in designer Masaba Gupta’s House of Masaba label and launch a new D2C channel.