Do You See Yourself Fitting In? The Indian retail market is set to be worth anything between US$ 270-300 bn, as per global consultants AT Kearney. The projected growth rate for the organised sector is 35-40% per annum for the next five years at least. "Overall retail is growing at 8-9% but the organised sector is growing much faster,'' says Principal, AT Kearney, Debashish Mukerjee. Further, organised retailing is growing at 50-55% in small towns compared to 30% in large cities. Finance Minister P Chidambaram also recently put the figure on the government's estimated figures for retail in the country…
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…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
