18 Mar 2015, 05:15 pm
Primarc has decided to invest over 10 million US$ in the online & E-commerce sphere over the next 2 years.
Primarc will operate across multiple online E-commerce platforms in the marketplace model.
Primarc has formed an SPV, Primarc Pecan Retail Pvt Ltd. to focus on the online business.
It has started retailing Books, Toys, Health & Personal Care, Pet Supplies and Gourmet products of leading national & international brands such as Reckitt Benckiser, Dabur Pvt Ltd, Herbal Hills, Vissco, Procter & Gamble, Funskool, Mattel, Disney, Amar Chitra Katha, Chicco, Pedigree, Drools, Choostix, Royal Canin and lots more.
‘We are investing into the online space apart from the traditional brick and mortar retail trade and are partnering with various E-Commerce platforms to offer a wide array of products. This move will help us to tap the rapidly growing online customer base & Grow our retail business overall’, said Sidharth Pansari, Managing Director, Primarc Group.
‘We are also on the verge of executing exclusive contracts for online retailing cum distribution of several national & international brands wanting to market their products through the online route in India. Primarc Pecan has in a short time created a robust infrastructure. We wish to provide best value products, combined with excellent customer service. As a group, we have outlined large investments for this business for the next five years’, added Pansari.
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Amid the ongoing Middle East conflict, global flight operations continue to face disruptions, with limited services and rising airfares affecting travellers across several regions.
Air India on Tuesday announced a phased increase in fuel surcharges across its domestic and international network, citing a sharp rise in aviation fuel prices triggered by the ongoing conflict between Iran and the United States in the Middle East.
The Ministry of Civil Aviation on Monday said Indian carriers are planning to operate around 50 flights between India and the Middle East region amid ongoing tensions in the Gulf that have significantly disrupted flight movements.
