Future Consumer Enterprise has received an approval for making of an investment by way of setting up a wholly-owned subsidiary at UAE, which shall be predominantly engaged in the business of export of own-brand products of the company and import/export of other branded products in the food, processed food, other agri products and FMCG category.
The envisaged investment of the company in setting-up the aforesaid wholly-owned subsidiary company is AED 1.50 million. The board of directors at its meeting held on April 19, 2014, have subject to obtaining of necessary consents and compliances with laws as may be applicable, has approved for the same.
Future Consumer Enterprise is the alternate investment arm of Future Group, India's largest retailer. The Future Group is a business group, led by Kishore Biyani, focusing on consumption-led businesses in India and is also one of India’s leading organized multi-format retailers.
