Bronet group to invest Rs. 200 crore in Kerala
Actor Joy K Mathew releasing the logo of ‘Stories” by handing it over to Bronet Group Chairman Haris K P at a press conference, today. Also seen are Fahim Abdul Majeed, Director, Stories, Muhammed Basheer, Director, Stories, Abdul Nazeer K P, MD, Bronet Group, Saheer K P, MD, Bronet Group, Firozlal T K, Director, Stories and Muhammed Basil, Director, Stories (from left to right)are also seen.
Dubai-based Bronet Group, which is into retail, trading, IT , telecom and health care in the Middle East, Singapore and Hong Kong, will invest Rs 200 crore in Kerala over the next three to four years as part of its expansion plans,said Haris K.P at a press conference in Kozhikode.
The Group will launch its state-of-the-art international furniture and home accessories showroom under the brand name “Stories” in Kozhikode. The showroom is spread across more than one lakh sq ft and will be launched by the end of January 2015-he said.
The Group plans to open a similar showroom in Kochi and in due course expand to Bangalore, Chennai, Pune and Hyderabad. “We have built up successful businesses in the Middle East, Singapore and Hong Kong over the past one- and-a- half decade. But our roots are here, particularly in Kozhikode, so we are investing in Kerala,”-Haris said.
Bronet Group Managing Director Saheer K P,Managing Director Abdul Nazeer K P also addressed the media.
Actor Joy Mathew launched the logo of the ‘Stories’ brand on the occasion.
