Food retail chain Spar International is planning to increase its presence in India by opening 25 hypermarket stores by the end of 2017.
The move follows the company’s re-entry into India in August last year, under a partnership agreement signed with Max Hypermarkets.
The expansion will increase the retailer’s number of employees from 2,500 to 3,300 across the country.
Spar has already re-launched 16 hypermarkets, with plans to launch four more later this year.
Spar International managing director Gordon Campbell said: "Our growth and success in India provides an ideal case study for the suitability of the SPAR model in emerging markets.
"Where other global brands have struggled to gain traction, SPAR’s brand values and offering, global expertise and partnership model, have brought immediate benefits for retailer, supplier and, ultimately, the consumer."
Spar India is anticipated to generate €300m in annual sales volume by 2019.
Based in Netherlands, Spar International posted €31.9bn in global retail sales from 12,300 stores in 40 countries last year.
"We already work closely with Dutch Government agencies in securing funding and technical assistance for the development of rural retail hubs in South Africa linking SPAR stores to local growers in their region.
"Our aim would be to extend this partnership approach to other developing regions, including India, into the future," added Campbell.
Image: Dutch Prime Minister visits flagship Spar hypermarket in New Delhi. Photo: courtesy of SPAR International.