Home / Knowledge / News / Textiles / India preferred for expansion among retailers: CBRE

India preferred for expansion among retailers: CBRE

24
Nov '18
India preferred for expansion among retailers: CBRE
Among the emerging retail markets in the Asian-Pacific region, India has been considered as among one of the top choices for expansion among retailers, says a recent report. India is inching closer towards becoming a preferred destination for global investors due to an investor-friendly business environment and the economy’s sturdy market fundamentals.

With a large number of cities / towns available for growth, brands entering India have a lot more avenues to open doors and reach out to customers, says the report titled 'India Retail 2.0 and the way forward' by CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm.

As per the report findings, owing to policy changes that have resulted in an investor-friendly business environment as well as the economy’s sturdy market fundamentals, global interest in investing in India remains high. Relaxation in FDI norms have resulted in a greater investment commitment by retailers. Several large retailers already operate/ are planning to enter / operate under the 100 per cent ownership route going forward.

The report has highlighted that the retail real estate sector is witnessing growing investments by leading PE funds and institutional investors against the backdrop of growing consumer demand, stable economic and political environment, and quality retail real estate development.

"There is immense potential for growth in the retail segment that has been aided by the recent relaxation in investment norms by the government. With a population base of over 1 billion, the Indian market provides a wide customer base which is poised to be the 3rd largest consumer market by 2025. This provides a significant rationale for developers to invest in shopping centers, thereby providing retailers with quality real estate to set shops in, which in turn can change the retail dynamics of India," Anshuman Magazine, chairman, India & South East Asia, CBRE, said.

The report also revealed that the limited availability of space in operational well-performing malls coupled with an upward pressure on real estate costs in these centers, as a concern for brands looking to enter the Indian market. Secondly, the report also highlights some key factors, global retailers should keep in mind when they enter India, since each market has its own distinct characteristics, which these global retailers need to adapt to.

"The retail industry is moving forward and growing in the right direction with many more retailers looking at India & actively scouting for partners and opportunities to enter the country. The size of the market has also attracted key investors, who have been aggressively investing, increasing the availability of quality retail real estate for retailers, which has been in short supply lately," Bimal Sharma, head - retail, India for CBRE South Asia Pvt. Ltd., said.

India is already witnessing the entry of prominent global chains, which are displaying keen intent on making long term commitments in the country. By positively influencing government strategies for growth and working in tandem with domestic groups, such large retail chains can help contribute to strategic, operational and financial synergies in the system, thus driving the country’s retail market on to a higher trajectory, the report said. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 24th Nov 2020

UK secures vital rollover trade deal with Canada

The UK and Canada have locked in their existing trading relationship, ...

Pic: Shutterstock

Textiles | On 24th Nov 2020

'No deal' Brexit to badly affect T&C industry: EURATEX

A 'no deal' Brexit would have a detrimental impact on the textile and ...

Pic: Shutterstock

Apparel/Garments | On 24th Nov 2020

Women hit hard by COVID-19 impact on garment sector: ILO

The impact of COVID-19 on garment sector women has worsened due to...

Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Mandeep Nagi, Shades of India

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Anupam Chakrabarty,

Anupam Chakrabarty

Headquartered in Finland, Helsinki, Lindström Group is a textile rental...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

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

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

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

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

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


November 2020

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


Advanced Search