Nysaa to expand its Value Retail stores

Nysaa Retail, which operates a chain of 'value retail' stores under the brand name 1-India Family Mart, across eastern and northern India plans to invest 200 crore rupees and open around 100 stores in the next two years.

1-India Family Mart provides fashion and general merchandise to customers in tier 2 and tier 3 cities and plans to acquire about 12 lakh square feet of retail space by 2020. It currently has 4.25 lakh square feet of retail space.