By RASUL BAILAY MINT (Exclusive Partner The Wall Street Journal) DELHI, 26 August 2008 Since India bars overseas investments in a retail venture selling multi-branded products to consumers, the two foreign funds have invested in MedPlus’ wholesale arm Two venture capital firms have invested $25 million (Rs109 crore) in Hyderabad-based pharmaceutical retailer MedPlus Health Services Pvt. Ltd in the first publicly known foreign investment in a medical store chain. NEA-IndoUS Ventures, a Santa Clara, California-based venture fund, and an unnamed fund from West Asia have jointly invested the amount in MedPlus for an undisclosed stake, a person close to the…
August is the month when India celebrates gaining its independence in 1947. So it is quite apt to think about the implications the word “independent” has in the world of grocery retailing as well. India’s food and grocery retail sector (as most of the other product sectors) is full of traditional “mom-and-pop” operations. Estimates of their share of the market vary from 97% to 99.5% of the total food and grocery sales – but it is given that “independent” retailers rule the roost, and the estimates vary only in the degree of predominance. The word “independent” in this context differentiates…
Oswal Group is a premier textile group of northern India having its corporate office at Ludhiana,Punjab. The organisation has been for the last 40 years with spinning as its core competency. Earlier, they were part of the Vardhman Group but, after family settlement between two brothers in 2003, they named themselves as Oswal Group. The group is mainly into spinning and dyeing of all types of yarn in different blends and manufacturing of garments. In 2004, Oswal group forayed into innerwear business under the brand of 'Sensa' with a view to cater to the growing ready-to-wear fashion apparel market. Thereafter,…
The industry is looking for directions to improve its manufacturing and sourcing skills. Third Eyesight is providing important inputs for the same by organizing series of workshops and training sessions for the industry. The apparel and textile industry has grown and matured a lot over the last few years - from an unorganized to an organized sector. However, this in turn has increased the need for constant improvement and upgradation of knowledge and skills. Keeping this in mind, various companies and consulting agencies are these days conducting regular workshops and training sessions and are trying their best to contribute to…
By Rasul Bailay MINT (Exclusive Partner The Wall Street Journal) NEW DELHI, 11 August 2008 As costs rise and economic growth slows, Indian retailers are looking at ways to trim expenses and protect their profits.Pantaloon India Ltd, the country’s largest listed retailer, has begun integrating the management, marketing, human resources, or HR, and information technology, or IT, departments of its units into one. The company says this one step will help it save around Rs. 165 crore (Rs. 1.65 billion) a year.“It is only cost and efficiency that we are focusing on now,” said Kishore Biyani, managing director of Pantaloon.…
The @ETNowSwadesh discussion on the dual challenge of a weakening rupee & rising crude oil prices driving "imported inflation". @devangshu on the panel with @davemansi145 as anchor
As legacy retailers balance speed with customer experience, is near-instant delivery a sustainable goal for fashion, or will the costs outweigh the rewards?
@devangshu
#Retail #SupplyChain #Strategy #India #Fashion #SupplyChain #Omnichannel
Ikea has been around in India for about eight years. and has taken a long-term view on India with product and format customisation, and future investment plans of over $2 billion.
