Raymond Ltd, leading Indian textile firm, has decided to set up about 300 stores by end-March 2011.

The sources informed that the new stores will take company's total store-count to 800.

The apparel-maker will make an investment of Rs 100-crore to take 'The Raymond Shop' into India's smaller class IV as well as V cities as part of a massive expansion programme.

As per official sources, funding for the project would be divided equally between the company and franchisors/franchisees.

As per reports in media, the conglomerate aims to increase its retail space by 50% by fiscal 2011, adding more than 4.5-lakh sq ft to existing floor area.