IndiaRetailBiz

Notwithstanding the Prime Minister’s directive to set up an expert’s group to study the impact of FDI and big business on the retail sector, Bharti Enterprises is preparing to sign the cash and carry (wholesale) joint-venture agreement with Wal-Mart.
“We are working at the legal agreement. We hope the deal will happen in the next few […]

Modern retail in India has begun experiencing reverberations of UPA Chairperson Sonia Gandhi’s missive to the Prime Minister Manmohan Singh on the need to study impact of trans-national supermarket formats making inroads in the country on the security livelihood of the small scale operaters.
Going one step further, office of the Prime Minister, Dr Manmohan Singh, […]

It is irony of times that while on one hand the country’s leadership is aggressively scouting for foreign investment in India, on other Michael T Duke, the Vice Chairman and CEO International Operations, Wal-Mart, the world’s biggest retailer, who is investing large sums of money and induct retail technology in the country, has to […]

In the face of strident opposition from most of the political parties in general and the left parties in particular, against the entry of MNCs in the organised retail sector of India, Wal-Mart, the world’s biggest retailer, and its Indian partner telecom giant Bharti Enterprises appear to be playing safe on their retail venture […]

The governmentment should review the existing laws and make the system more conducive so that more and more playes can enter the field.
The laws which need to be reviewed include:

Essential Commodities Act
Weights and Measures Act
Agriculture Produce Marketing Act
Prevention of Food Adultration Act
Shops & Establishment Act

Industry status for the retail industry is the first basic step required for reforming the Indian retail sector. The advantages of granting the industry status to the sector are:

Greater focus on retail development
Fiscal incentives for the the industry
 Availibilty of organised financing
Establishment of insurance norms

Organised retail scenerio is changing by the day. It is no coincidence that all the, trillion rupee (one lakh crore) market-cap business houses, namely, Ratan Tata, Mukesh Ambani, Sunil Bharti Mittal, Kumar Mangalam Birla and Anil Ambani, have decided to vigourously pursue the retail business, as no one wants miss this multi-billion opportunity. And, their […]

Yesterday, Rajan Bharti Mittal, Managing Director, Bharti Enterprises, unveiled Bharti-Wal-Mart’s India retail road map till 2015. How do the projections announced by Bharti stack up with today’s Wal-Mart? A quick comparison to put the operations in perspective:
Sales: Bharti expects 2015 retail sales at Rs. 20,000 crore, which at current exchange rates, is slightly more than […]

Bharti, which has partnered with the world’s biggest retailer Wal-Mart in November, 2006, has unveiled broad contours of its retail road map going up to 2015, in a press conference held in New Delhi, today.
The key take aways of the announcements and background information provided during the conference as well as comments made on sidelines […]

Retail sector, which has been demanding industry status for over two years, may have to wail for more time, with the union government still considering the implications of such a move, reports the Economic Times. An industry status would make the sector eligible for fiscal benefits and concessions as well as help it obtain easier […]