Sunday, March 13, 2011
India 2020:- It's Retail Retail Everywhere
The first time, when the father if Indian Retail, Mr. Kishor Biyani comes with his idea of Indian retailing, it was a huge landmark in Indian market. Biyani's Big Bazaar becomes a brand name in small cities as well as metros. At very beginning, the people treated it for their entertainment purpose. sometimes a huge variety of peoples came for just time pass. But time per time, the prospect ratio increased and now it is a need for the people of all cities. If in any city, Big bazaar's store is available, then customers first choice will be that. the easy availability of all articles at a place, quality of products, lack of time with people, make them addicted to these stores.
Now a days, the people of rural areas are also looking for such kind of retail stores. There are also some companies which are focusing on rural areas and quite successful. Hariyali Kisaan Bazaar, Vishal Mega Mart are among those companies which are best sellers in rural areas. The attractive outlets, modern technology and cheeper prices of these stores attracts rural customers much more. This shows the future of retail in vast rural market of India where 70% of the population resides in rural areas.
The Indian Retail industry is not only depend on our domestic companies, but the MNCs are also entering or ready to enter in Indian market. In the year 2008, world's top company Walmart entered in Indian market with collaboration with Bharti. The biggest retail gaint of Europe, "Carrefour" also set up it's first outlet in India. Apart from these, there are also a plenty of companies are planning to entered in Indian market. This shows the future of Indian retail.
So, what will happen after 2020, Will retail retail everywhere. It will be quite good for customers but at the same time, it will directly hit wholesale market as well as major manufacturing giants. Because, day per day, the counter-fights between the branded products and the own products of these stores increasing.
The Overview of Indian Retail Market:-
Total Market size :- US$ 392.63 billion in 2011
Expected Size :- US$ 674.37 billion by 2014
Driven by the growth of organised retail coupled with changing consumer habits, food retail sector in India is set to be more than double to US$ 150 billion by 2025, according to a report by KPMG.
ndia has been ranked as the third most attractive nation for retail investment among 30 emerging markets by the US-based global management consulting firm, A T Kearney in its 9th annual Global Retail Development Index (GRDI) 2010.
Foreign direct investment (FDI) inflows between April 2000 and October 2010, in single-brand retail trading, stood at US$ 197.04 million, according to the Department of Industrial Policy and Promotion (DIPP).
Carrefour, the world’s second-largest retailer, has opened its first cash-and-carry store in India in New Delhi. Germany-based wholesale company Metro Cash & Carry (MCC) opened its second wholesale centre at Uppal in Hyderabad, taking to its number to six in the country.
Electronic retail chain major, Next Retail India, plans to open 400 showrooms across the country during January-March 2011 increasing the total number of retail stores to 1,000 by the end of the fiscal year 2010-11.
Jewellery retail store chain Tanishq plans to open 15 new retail stores in various parts of the country in the 2011-12 fiscal.
V Mart Retail Ltd, a medium-sized hypermarket format retail chain, is set to open 40 outlets over the next three years, starting with 13 stores in 2011, in Tier-II and Tier-III cities.
Reliance Retail, the wholly owned subsidiary of Mukesh Ambani's Reliance Industries, is set to open 150 stores by the end of March 2011 and double the number of stores across the country in all formats within five years.
Future Value Retail, a Future Group venture, will take its hypermarket chain Big Bazaar to smaller cities of Andhra Pradesh, with an investment of around US$ 1.54 million to US$ 4.41 million depending on the size and format.
RPG-owned Spencer's Retail plans to set up 15-20 new stores in the country in 2011-12.
Spar Hypermarkets, the global food retailing chain of the Dubai-based Landmark Group, expects to start funding its India expansion beyond 2013 out of its local cash flow in the country. So far, the Landmark Group has invested US$ 51.31 million in setting up five hypermarkets and plans to pump in another US$ 51.31 million into the next phase of expansion.
Leading watchmaker Titan Industries Limited plans to invest about US$ 21.83 million for opening 50 premium watch outlets Helios in next five years to attain a sales target of US$ 87.31 million.
British high street retailer, Marks and Spencer (M&S) plans to significantly increase its retail presence in India, targetting 50 stores in the next three years.
Spain's Inditex, Europe's largest clothing retailer opened the first store of its flagship Zara brand in India in June 2010. It further plans to open a total of five Zara outlets in India.
Bharti Retail, owner of Easy Day store—supermarkets and hypermarts—plans to invest about US$ 2.5 billion over the next five years to add about 10 million sq ft of retail space in the country by then.
So, Now we can say that "IT'S RETAIL RETAIL EVERYWHERE" in India till 2020.
Saturday, March 5, 2011
A JOURNEY FROM "GERM FREE PEOPLE TO GERM FREE TOILET"
Well well well, I am not going to describe the work or contribution of a political leader or social service professional.Rather it is the different activities of HUL. I am drawing your attention about HUL's different social and wale fare activities.
Last year, HUL comes with a social induction program known as "Healthy India" under it's flagship brand Lifeboy soap. In that program, the company was committing to make a germ free India and healthy people by using it's soap.The program was not a landmark success, but it was a good promotion for it's brand.
Now days, The company comes with another wale fare program called, "awareness about toilet hygiene" through it's flagship brand, 'Domex'. Under this program the company Aims to clean 2000 toilets across India within two weeks. As part of this campaign Domexhas launched a new TVC. The TVC hasa toll-free number on which viewers can call to requestforcleaning of any dirty toilet in their vicinity - be it apublic toilet at apark, school, or any other public place. The Domex-Squad,ateam for implementing this hygiene drive, is then activated and takes the responsibility of cleaning the toilet. The Domex-Squad will take down all the requests till February 28 th and the cleaning process is scheduled from March 15th to 31st.
This is the story of social services performed by India's No.1 FMCG company HUL. But if we deeply think about it, we will find that Really these are social service or just a modern approach of sampling and brand promotion? only consumers can give the answer of the question. But one thing is clear the HUL takes dual profit from these activities. One side, they collects a lot of good wishes from all every person due to their social activities and on the other side, they easily promote their products.
On the behalf of "The World of FMCG", I Pravin Tripathi wishing HUL a very good luck and thanks for their social services.
Thursday, March 3, 2011
Indian Railway :- It's Enough for IRCTC, it should be Changed.
Imagine, you are travelling in train and wants to have a tea or coffee, but finally you found the same testless tea/coffee of IRCTC. At the time, the whole enjoyment to take a taste of tea goes to vein, only frustration arises. It is not your own story, but it is the story of 15 million people who travels every day by different trains of Indian railway network.Everybody dissatisfy with the poor services of IRCTC. But nobody opposes because everybody ignores this due to only a mare journey. But is this a excuse? everytime we tolerate them due to journey. At the same time, we should think that it is not only our own matter but it is a matter of repudiation of out nation. Because, there are a lot of foreign tourists, travellers and other dignity prsons are also travells by these trains. So, why not our govt. looking upon this matter. If IRCTC is unable to provide best services, then there should be privatisation in catering division og railway. The catering authority should be given to private companies. As the result there will be dule benifit, One side, the passangers will get better services as well as the revenue of govt. also increases.
We are waiting to enjoy a taste of Costa Coffee or Georgia in trains replacing the tasteless tea of IRCTC. Because at the present time, passengers dont bother to carry a bag full with eateries and beverages, but they are expecting to a better service from railway pantry team. So, Railway should be meet ther commitments.
Subscribe to:
Posts (Atom)