Retail has been one of the most booming sectors of India for past couple of years. Foreign investment has been increasing steadily with major global players trying to penetrate further into the domestic market.
While Wal-Mart collaborated with Bharti Group to step into Indian retail, fashion giants Lacoste, Sara Lee and Calvin Klein decided to further explore the high-end segment.
Indian top textile players like Reliance and Tata Group announced their decision to enter retail segment.
Retail companies that pioneered in Metro cities spread out in smaller towns like Pune, Indore, Lucknow, Chandigarh, Ahmedabad and so on.
Malls and one-stop-shopping centres are also rapidly becoming popular with the locals.
Total retail market is estimated at around Rs9,300 billion of which organized retailing is just Rs300 billion, representing only three percent.
Market is expected to grow at a rate of 30 percent over the next five years.
Textiles and clothing organised retail accounts for a staggering 40 percent and a much greater potential, international players are hungrily eyeing India.
On the other hand, Indian companies are looking to expanding their horizons to different countries. For instance, Raymond signed a joint venture with Belgium's United Cotton, high-end denim manufacturer and is targeting a turnover of atleast US $269 million in the first year.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
