Complex sentence: A new wing of the market has been built across the road (called Bogyoke Market Road), but it houses shops aimed at the local populace: medicine, foodstuffs, garments and foreign goods.
Split into simpler sentences: A new wing of the market has been built across the road (called Bogyoke Market Road). It houses shops aimed at the local populace, selling medicine, foodstuffs, garments and foreign goods.