Home / Knowledge / News / Apparel/Garments / Industrial towns are new retail hostspots in India: Report
Industrial towns are new retail hostspots in India: Report
05
Jul '13
Industrial townships and Tier II cities are emerging as new retail centres in India, according to a study compiled by a leading retail IT solutions provider.
 
The report titled ‘Indian Retail Footprint – 2013’, compiled by Ginesys, states that there is high penetration of retailers, including apparel retailers, in industrial townships and Tier II cities like Gwalior, Surat, Dhanbad, Vijaywada, Pune, Chandigarh, Visakhapatnam, etc.
 
However, metros like Delhi, Mumbai and Kolkata still remain the leading retail hotspots in India, says the report.
 
But in South India, Hyderabad has larger retail penetration compared to Bangalore, despite a lower population than the latter. Chennai stands third in terms of number of retail footprint in South India.
 
Among other findings, the report states that Gurgaon, which is nearer to the national capital, is a larger retail hub than Lucknow, the capital of the state of Uttar Pradesh.
 
Similarly, in Western India, Pune is a larger retail hotspot compared to cities like Nagpur and Ahmedabad.
 
In the Central region, the study names Indore as the retail hub, while it terms Bhopal and Ranchi as emerging retail centres. 
 
It especially mentions that industrial towns like Jamshedpur, Dhanbad and Rourkela are attracting more population for the purpose of industrial activity, which expands the scope for more business opportunity. “In these cities, per capita income of people is increasing because of high earning capacity and growing industrial activities,” says the study.
 
“Rise in discretionary/per capita income has given a boost to retail consumption in Tier II cities and towns. At the same time, these towns and cities have witnessed rapid improvements in infrastructure and logistics enabling retailers to set up outlets to cater to the demand,” Mr. Prashant Lohia, chief executive officer of Ginesys, said in a statement.
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: European Commission/European Union

Textiles | On 26th May 2018

EU set to negotiate FTAs with Australia & New Zealand

The European Union is all set to begin negotiations for free trade...

US bans import of cotton goods from Turkmenistan

Textiles | On 26th May 2018

US bans import of cotton goods from Turkmenistan

The US Customs and Border Protection (CBP) has issued a Withhold...

FPCCI prepares report on Pakistan's export issues

Textiles | On 26th May 2018

FPCCI prepares report on Pakistan's export issues

Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search