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FDI In Retal Sector by Meena Deshmukh, Product/Brand Manager, Videocon Inds

FDI In Retal Sector

By : Meena Deshmukh, Product/Brand Manager, Videocon Inds
Industry : Consumer Durables Functional Area : India
Keywords :

Retail

FDI

Sector

Growth In Retail

RETAL

Activity:  1 comments  984 views  last activity : 07 06 2010 20:18:04 +0000
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Industry trends for retail sector indicate that organized retailing has major impact in controlling inflation because large organized retailers are able to buy directly from producers at most competitive prices. World Bank attributes the opening of the retail sector to FDI to be beneficial for India in terms of price and availability of products as it would give a boost to food products, textiles and garments, leather products, etc., to benefit from large-scale procurement by international chains; in turn, creating jobs opportunities at various levels.

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1 comments on "FDI In Retal Sector"
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  Commented by  Makrand Bhave, Sales Promotion Manager, Camlin Limited    | 05 27 2009 06:16:56 +0000 
India is governed by brands!! There are retail stores like 49to99, and such who have opened their shutters with a loud bang and then have whimpered down to only a few being open in major metros like Mumbai!

Wb may push for India opening up its doors for foreign direct investors in retail but ideally it should be a very strict passage. We have our own brands doing extremely well and some of them poised or even successful on the shores abroad! So unless we have a need to showcase a foreign brand/s we should not really give out an olive branch. Opportunities are being created by our own giants like ITC (Chaupal Bazaar), HARIYALI etc present or opening soon in B/C towns of our country!! That should be encouraged completely first! My view and opinion.
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