Indian multi-brand retailer V-Mart is planning to expand overseas by opening a store in Bangladesh.

“There is a huge potential in Bangladesh as the country’s retail business is primarily unorganised,” said V-Mart chairman and MD Lalit Agarwal.

The retailer is conducting a market study to decide whether to go solo or tie-up with a local partner.

It is also looking to expand in Nepal and Sri Lanka in the near future.

V-Mart has 69 stores across India, with aim to increase the count to 120 by 2015.