Modern retail in India – whose penetration is set to increase substantially from the current 19% to 24% in the next three years – is passing through an exciting phase. The sector is expected to reach Rs. 1,71,800 crore from the current Rs. 87,100 crore across the top six retail markets of the country, and has been attracting keen interest from overseas players and investors.
Industry intelligence suggests that more than 50 mid-rung global retailers are planning to enter India within the next six months, with an eye on tapping mostly smaller, under-served markets within the country. Of the incoming brands, 18 are in food and beverage space alone. By 2020, food & grocery segment is expected to account for 66 per cent of the total revenues in the retail sector.
This growing enthusiasm of players is based on the market potential. In a recent development, India has replaced China to become the most promising retail market in the world. Government efforts to boost cashless payments and further simplify the nationwide goods and services tax are also expected to accelerate the adoption of modern retail.
Our recently concluded annual mega retail intelligence congregation this year – India Retail Forum – perfectly captured all the action taking place in our retail universe. Over 100 top global and Indian retailers participated in the conclave where they exchanged views on present-day challenges, opportunities ahead, and the strategies for unleashing the sector’s true potential. Turn the pages to read what these leaders said about India’s dynamic retail landscape.
All feedback welcome at firstname.lastname@example.org
All material printed in this publication is the sole property of Stagnito Media, 111 Town Square Place, Suite 400 Jersey City, or Images Multimedia Pvt. Ltd. or both, and each of them have copyrights on their respective materials. All printed matter contained in the magazine is based on information provided by the writers/authors. The views, ideas, comments and opinions expressed are solely of the writers/ authors or those featured in the articles and the Editor and Printer & Publisher do not necessarily subscribe to the same. Printed & published by S P Taneja on behalf of Images Multimedia Pvt. Ltd. Printed at Modest Print Pack (P) Ltd., C-52, DDA Sheds, Okhla Industrial Area, Phase 1, New Delhi – 110020 and published by S P Taneja from S-21 Okhla Industrial Area Phase – 2, New Delhi.110020 Editor : Amitabh Taneja In relation to any advertisements appearing in this publication, readers are recommended to make appropriate enquiries before entering into any commitments. Images Multimedia Pvt. Ltd. does not vouch for any claims made by the advertisers of products and services. The Printer, Publisher and Editor-inchief of the publication shall not be held for any consequences in the event of such claims not being honored by the advertisers. Copyright Images Multimedia Pvt. Ltd. All rights reserved. Reproduction in any manner is prohibited. All disputes are subject to the jurisdiction of competent courts and forums in Delhi/new Delhi only. Progressive Grocer does not accept responsibility for returning unsolicited manuscripts and photographs.
For subscription related queries, email to: email@example.com For feedback/editorial queries, email to: firstname.lastname@example.org visit us at www.imagesgroup.in
Images Multimedia Pvt. Ltd. (CIN:- U22122DL2003PTC120097) Registered Office: S 21, Okhla Industrial Area, Phase II, New Delhi 110020, Ph: +91-11-40525000, Fax: +91-11-40525001 Email: email@example.com, Web: www.imagesgroup.in Mumbai: 1st Floor, Plot No. 111 / 3, Marol Co-operative Industrial Estate, Marol Andheri (East), Mumbai - 400 059, Ph: +91-22-28508070 / 71, Fax: +91-22-28508072 Bengaluru: 523, 7th Cross, 10th Main, (Jeevanbhima Nagar Main Road), HAL 3rd Stage, Bengaluru 560 075, Ph: +91-80-41255172/41750595/96, Fax: +91-80-41255182 Kolkata: 30-B, Anil Roy Road, Ground Floor, Kolkata 700 029, Ph: + 91-33-40080480, Fax: +91-33-40080440
Amitabh Taneja Editor-in-chief