SBC Exports to enter into retail, franchising
As a part of its extended expansion plan, the company will look to secure new government projects to supply garments and manpower.
![SBC Exports to enter into retail, franchising](https://cdn.zeebiz.com/sites/default/files/2024/05/29/296383-dealpiabay.jpg?im=FitAndFill=(1200,900))
SBC Exports Limited has revealed plans to venture into the realms of retail, franchising, and exports. According to the company, it will leverage its robust infrastructure and a deep understanding of consumer needs to redefine the landscape of commerce.
“The company’s next five-year strategic plan focuses on expanding through a Franchise Model, Boosting Online Sales, establishing Retail Stores, increasing Exports, and Securing New Government Projects,” the company said in a release.
Franchise Model: Recognizing the power of collaboration and local expertise, SBC Exports Limited is set to introduce a franchise model, inviting passionate entrepreneurs to join its global network. Its focus to develop a comprehensive franchise package, including brand guidelines, training programs, and marketing support and to Identify and onboard franchise partners in key urban and semi-urban locations.
Retail Stores: In order to enhance accessibility and engage directly with consumers, SBC Exports Limited will be establishing a network of flagship retail stores in key markets worldwide.
Exports: The company plans to increase export volume by 30 per cent, by expanding into emerging markets in Asia, Africa, and South America. It plans to establish regional offices in key export markets to facilitate operations and develop a dedicated export division to streamline processes and improve efficiency.
Additionally, the company looks to expand export operations to new market. As a part of its extended expansion plan, the company will look to secure new government projects to supply garments and manpower, strengthen its government relations and expand its network within relevant ministries and departments.
Through its subsidiary, Mauji Trip Limited, the company curates diverse travel experiences, from cultural and adventure tours to religious pilgrimages and wildlife expeditions across India. It caters to a wide array of destinations across India.
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01:57 PM IST