Paver England Footprints, a joint venture between the UK-based Pavers Foresight Smart Ventures and the Chennai-based Forward Group, has decided to invest $10 million over the next 18 months as part of its expansion plan.

The company intends to setup 500 points of sale across the country by 2012. In addition, the company aims to achieve a revenue target of $35 million (Rs 175 crore) within next three years of time period.

It should be noted that Paver England had finalized a $60 million plan for the Indian operations and as part of strategy the company will spend $10 million over next year and half to increase its footprints in retail space.

At present, Paver England has 60 points of sales, including shop-in- shops and exclusive franchise outlets across 17 cities. The company plans to increase the number to 90 points of sale by October 1. The investment entails 500 stores, including shop-in-shops and exclusive outlets by 2012 across the country.