Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said Mr. Kishore Biyani, CEO of Future Group.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
Speaking at 'Manfest-2013', an Indian Institute of Management - Lucknow event , Mr. Biyani said the FDI in India’s multi-brand retail sector is going to impact the farmers more than the small retailers.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
He said small grocery shops will not be affected through FDI since 75 percent of the population prefers to choose unorganized retail market.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
According to him, most of the ongoing discussions and debates on the FDI in multi-brand retail are due to the media.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
He opined that the farmers could gain more profit by selling their products through retail sector than selling in roadside markets.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
Talking about the purchasing power of Indian consumers, he said that only 12-14 percent of the total population choose to buy a product depending on their purchasing power.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
Informing that every year multi-brand stores make most of their profit by selling carpets and towels, he said that a good entrepreneur should be prepared for the best and for the worst.
Indian multi-brand retail market is expected to grow two-fold in the next four years with the help of foreign direct investment (FDI), said#
Fibre2fashion News Desk - India