IndiaRetailBiz

Walmart Stores Inc, the world’s largest retailer, which operates a retail JV with India’s telecom behemoth Bharti Enterprises (Bharti Walmart Retail Limited), is satisfied with its results and is looking at expanding the footprint of its cash and carry stores in India. This was stated by Anand Sharma, Commerce & Industries minister of India, while [...]

Walmart Stores, world’s largest multi-brand retailer with over $400 billion in annual sales and operations under 53 banners across 15 countries (including India), is lobbying hard for change of policy on foreign direct investment (FDI) in multi-brand retail in India.
Currently, while no FDI is allowed in the multi-brand segment of retail operations, up to 51 [...]

Walmart– the world’s largest big box retailer– which operates in India via its 50:50 JV with India’s private telecom giant Bharti group, is keen on expanding its operations in India. According to S Robson Walton, its chairman, the retailer is also looking at expanding its presence in China.
“Internationally, we’re focusing on larger markets. China is [...]

Rajan Mittal, Vice-Chairman of Bharti Enterprises, which owns Bharti group’s retail arm Bharti Retail, has pitched hard for allowing foreign investment (FDI) in front-end, multi-brand, retail. Currently, there is a complete ban on inducting FDI in this segment, which accounts for bulk of retail business, in India.
FDI in retail has traditionally been opposed by small [...]

Although, current consumption of Neutraceuticals (dietary supplements) in India is a mere 0.9 per cent (Rs 4,400 crore or about $1 billion) of global consumption, market for the same, according to a joint FICCI and Ernst & Young study, is expected to increase two-fold to over Rs 9,500 crore (nearly $2 billion) in the next [...]

“The Indian franchise market has recorded a steady annual growth of 30-35 per cent in the last five years. The annual turnover of the Indian franchise industry is $3.3 billion, and is projected to grow further in the years to come,” said Aileen Crowe Nandi, Principal Commercial Officer, US Consulate-General, Chennai, quoting published reports. She [...]

“Retail sales have again picked up and we are more or less back to the same level as we were before the global crisis broke out,” said Kishore Biyani, Founder and CEO of Future group.
Accordingly, Pantaloon Retail (Future group’s retail arm), which operates several multi-format, multi-product, retail chains in value, lifestyle, and home retail segments, [...]

HSAMB (Haryana State Agricultural Marketing Board), a state government development agency, is taking up commendable steps to strengthen agriculture supply infrastructure for efficient marketing of fresh/ green horticulture products like fruits, vegetables, flowers, and herbs.
Apart from helping farmers in securing better price for their products, creation of modern suppy-chain infrastructure will go a long way [...]

The Akalis (Badals) ruled state government of Punjab has terminated “memorandum of understanding” (MOU) for setting up agricultural mega projects in the state with Reliance Retail. The agreement was signed three years ago during the erstwhile congress government of Capt Amrinder Singh
The MOU with the state government was an important part of ‘farm to fork’ [...]

Pantaloon Retail, India’s largest multi-product, multi-format, multi-segment retailer, part of Kishore Biyani-led Future group, is looking at selling non-core assets to raise up to Rs 500 crore.
“We have various plans for the company. Offloading the non-core assets of Pantaloon to raise close to Rs 300-500 crore is one of them,” Future Group CEO Kishore Biyani [...]