Dear Chief Minister of Goa, Laxmikant Patrsekar Hon. Sir
Just see the enclosed news where a huge another Mall from Caculo plans to come at Margao? Please see that in future, there exist parking facilities at every Mall in Goa, like what we have in major cities e.x Pune, Bangalore, Chennai, MUMBAI etec Panjim Caculo Mall is been given all approvals in the heart of Panjim city, without such kind of level parking and Panjimites are now suffering and facing blunt of traffic congestion on adjacent road. Stephen Dias Dona Paula --------------------------------------------------------------------------------------------------------------------------------------------- *Caculo Mall completes five years of operations* *Westside outlet to be inaugurated next week in Margao* Ajit John ajit@ herald- goa. com PANJIM: The Caculo mall at St Inez will remain as the template for any future expansion of the group. This was revealed by Manoj Caculo, chairman and MD of the group on the sidelines of the celebrations on the 5th year of operations of the mall. Business, he said had been good over the years with a 10% growth every year. However, he conceded in the last year and a half the Russian, Iranian and other international tourist had stopped coming over to the mall. The drop in tourism numbers, he conceded had affected them. The ban on mining he said had not affected the mall because most of the outlets sold necessities. The group however he said were moving ahead in their move to gain more of the retail market with the launch of a 10,000 sq ft outlet called Westside, the Tata flagship brand in the retail trade in Margao. This outlet, Manoj said, would cater to customers from the outskirts of Margao. This move was dictated by the fact the brand was registering a growth of 25% at the Caculo mall in St Inez. With regards to the plans in the next five years, he said there were no plans to open up another mall though he believed the presence of more malls would expand the market and everyone would benefit. People, he said were willing to pay for branded products as well as for the experience of the mall. It was important, he said to have the right size for a mall in the State given the target audience for such a space was less than 50% of a 1.5 million population. Business has been good over the years with a 10% growth every year. However in the last year and a half the Russian, Iranian and other international tourist have stopped coming over to the mall. The drop in tourism numbers has affected us – Manoj Caculo, Chairman and MD, Caculo Group RETAIL IN GOA