It,s too late But Just Want to say !! Yes Its being wait from all Retailers Even right now Its started of Improvment in Indian Retail Market & can be Asume this will get very Well very soon !!
By
Sunil Dogra, Unit Head, CARLTON LONDON
| 09 04 2009 06:32:54 +0000
Well....all they hype about the burgeioning Indian middle class and their phenomental purchasing and spending power came to totter with the economic slowdown. Talking of FDI, the Indian giants who made their initial forays into retail market had to swallow bitter pill when they suffered huge losses. Subhiksha....anybody listening? The much talked about retail revolution died in its infancy. Indian middle class is price-sensitive and would not rush to the supermarkets in the guise of striking a good bargain unless its really substantial. Their loyalty to mom and pop's store remain intact as this is where they can keep their credit balance, haggle over the price, and discuss the price swings with the retailer. Big retailers do not proffer to such untapped and unexplored needs.
By
Shailesh Dubey, Corp. Communication Executive, Deloitte Touche Tohmatsu
| 08 05 2009 16:30:01 +0000
Too one sided right ;) Yes, if we open our doors to FDI, I think it will introduce more competition, more consciousness towards quality, more brnads being showcased and a much open market policy.
By
Makrand Bhave, AGM - Corporate Business, E18, part of Network 18 Group
| 07 23 2009 15:31:51 +0000
|
The apprehension over opening of markets and the detrimental impact, it may have on domestic market was there at the beginning of opening of economy. But time hae proved that, environment where Indian players are to compete with global competitors have only helped teh Indian entrepreneurs to discover a confidence and find their real worth. It was a win-win situation & ultimately good for consumer. While talking of opening up retail sector for FDI, one should remember, that the end user as well as supplier, both are Indians. So, the middlemen has to compete with new market entrants. Ultimately, it may prove good for consumers as well as famers. In this decision, Government will do well to ensure level playing field for all players and not giving unlimited access to outside companies
By
Prakash Saitwal, Technical Support Manager, Aditya Birla Management Corporation P. Ltd.
| 07 24 2009 05:07:09 +0000
you are right Mr. Prakash but if we can compare that with telecom or insurance sector where the scenario has proven to be different.? OR As Organised retail would require a lot of capital for infrastructural development and as these shopping malls are mostly built on prime locations of big cities and require a lot space where problems like encroachment may arise so government is trying to ignore it.
By
Mohan Murari, Marketing Manager, Confidential
| 07 23 2009 12:48:24 +0000
i agree with both Mr. Viktor and Shailena but we know at the same time that disguise unemployment is highest in the agriculture sector. Again organised retail would require more manpower in real estate, operations, sales staffs and in all the departments for business expansion and the nature of employment would also get better.
By
Mohan Murari, Marketing Manager, Confidential
| 07 23 2009 12:29:03 +0000
This is taking too long and the Governments decision not to allow FDI in retail is not a great sign, the whole world is looking at India and other Asian countries to revive the economic slump and if FDI was allowed then it would have revived our economy in a good way, and government thinks that if they allow FDI in retail it would be affecting the farmers and there would be job loss but then what viktor has said also is true both can exist and with unorganized being the majority it would have taken a lot of time for the organized to set up and in the due course along both unorganized and organized could have benefitted from this...
By
Shailena Varma, Logistics Manager, Target
| 07 23 2009 07:03:22 +0000
Dear friends,
when we talk about indian retail we talk about FDI at the same time, the government talk about small retailers who will get affected but it is the Indian retail and we, the consumers, who will get benefit in many ways at the same time. But if the FDI is not happening on a major scale should not the government, trade associations, hawkers organizations, farmers groups and small retailers take this as an opportunity to get this sector organised and for growth which has perhaps the highest number of workforce.? If we are one of the biggest retail markets of the world that means we have the potential to have the biggest organised retail sector too. How long we should wait for the norms or FDI to come.?
By
Mohan Murari, Marketing Manager, Confidential
| 07 22 2009 10:07:05 +0000
|
