Intex Technologies, an IT hardware, mobile phone and electronics company, has decided to spend Rs 100 crore in its new retail venture for opening 60 exclusive stores in the country by 2011.     

The fund will be utilized by the company to convert its existing stores to exclusive ones, revamping them and training sales persons. The company will soon open its outlets in B and C class cities, including Bhopal, Ahmedabad, Surat, Rampur and Patna.

Besides expanding its base in the domestic market, Intex Technologies is also planning to expand its footprints into the international markets by this fiscal. The company plans to introduce its products, especially mobile phone and home UPS in the SAARC countries like Bangladesh, Nepal, Bhutan and Sri Lanka and in some African countries.

On the back of its retail venture and new products, Intex Technologies expects to double its sales to Rs 800 crore this fiscal. The company had sales of over Rs 400 crore last fiscal.

The company has recently launched a dual GSM SIM phone and a range of netbooks.