IndiaRetailBiz

“We are doing a legitimate business, and there are so many others doing the same business. So why should people try to stop Reliance alone from entering Bengal. I appreciate there’s some anxiety, but such things happen all over the world. We’ll have to address it.”
“We should be there, hopefully, in the […]

“We are looking at families below the poverty line, where children are sixth or eighth standard dropouts and don’t get admission into a polytechnic or an ITI. We are now in the process of finalising a structured system of skill development in which they undergo training for two-three months.” — Rita […]

These are troubling times for the ruling UPA coalition in general and Congress party in particular, as consumers (the ubiquitous aam aadmi) reels under the presure of rising prices.
On the one hand, while the Left combine which so far has been supporting the government from outside, has threatened to withdraw support if it takes the next […]

A Parliamentary panel of the Government of India is seeking opinion of traders, other stakeholders and public in general on the entry of multinationals in the organised retail sector. The panelis headed by senior BJP leader Dr Murli Manohar Joshi, who was HRD minister in the NDA regime.
While, the panel has already taken some oral […]

Indian Council for Research on International Economic Relations (ICRIER), which at behest of the union government, in February, 2007, undertook a study to assess the impact of organised retail (modern, big) on livelihood security of traditional small traders (kirana stores) has after several extensions of time has completed its report.
Conclusions and […]

“It’s baloney. It is driving a kind of frenzy and it is illegal for us even to go into India,” said Andrew Higginson, Director of Finance and Strategy, Tesco, at Reuters Consumer and Retail Summit a few months ago in London. However, in a fast changing strategy, Tesco, the UK-based world’s […]

Union Budget 2008-09 presented on Friday, which provides for 16% exice duty concession on certain cold chain refrigeration equipment could encourage retailers to set up their own back-end logistics, says a Business-Standard report.
“It is effectively a 16% saving on the capital cost, which is substantial. The supply chain infrastructure is made […]

Kishore Biyani, Group CEO, Future Group, according to a Business Standard report, is not wholly satisfied with the budget exercise of P. Chidambaram the Union Finance Minister, who presented his 2008-09 budget to the nation on Friday the 29th February, 2008.
The Finance Minister in his announcements has not only written […]

The Union Budget 2008-09 presented by the Finance Minister P. Chidambram on Friday the 29th February, though clearly pointing towards early general elections, brought cheers to retail sector as it is expected to stimulate all round consumption and economic growth, although almost all specific wishes of the sector have remained just the […]

While, The Economic Survey (2007-08) released on Thursday by P. Chidambaram, Union Minister of Finance, among others, has recommended allowing 100% foreign equity in specialised retail chains like luxury brands, consumer durables and semi durables, it is doubtful that the government would be able to take any concrete action on the proposal, given the […]