*NEWS*CTG-WORLD WANTS 250 STORES IN INDIA

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*NEWS*CTG-WORLD WANTS 250 STORES IN INDIA

 user 2006-08-10 at 12:20:00 pm Views: 43
  • #16110

    AFL Ties Up With Cartridge World
    The duo plans to set up 250 Cartridge World stores in India by 2010.
    August
    2006: New Delhi: AFL Pvt Ltd, an express and logistics brand in India,
    has tied up with Cartridge World, a printer cartridge refilling
    company, following which AFL will be the master franchisee for
    Cartridge World in India, Sri Lanka, Bangladesh, Nepal, Bhutan and the
    Maldives. For the first time, the tie-up, through Cartridge World
    stores, would take the cartridge refilling concept to consumers and
    businesses in these countries, starting with India.Cartridge World
    plans to launch the first Cartridge World store in this quarter and
    expand the brand by appointing franchisees across the Indian
    sub-continent. The company’s target is to have over 20 Cartridge World
    stores in the first year of its operation and 250 of them by 2010.
    Cartridge World has 1500 stores spanning 40 countries.

    Mike
    Fuller, CEO, franchise development, Cartridge World, said, “The printer
    consumables industry is a $101 billion opportunity worldwide. Over the
    past ten years, we have seen the Cartridge World brand emerge as the
    world’s leading franchise in the cartridge refill and recycling
    category. Today, our franchise is growing at the rate of a store
    opening every day.”Explaining the growth plan for India, Naveen
    Rakhecha, CEO, Cartridge World, India, said, “The ink and toner
    cartridge market size in India is estimated to be over $300 million and
    is growing at a rate of over 20 per cent