"Ahmedabad
has changed unbelievably since we met here a decade ago," said a close friend, as we drove from the modernized airport towards the city centre over the new flyovers, in the midst of dizzying retail construction unfolding all around. Ahmedabad has been growing unhindered. Thanks, to sprawling malls dotting the city landscape like never before.br>br>Now not just Ahmedabad, the whole India is going through a big time image makeover. Thanks to the mall culture spreading like wild fire. Yes, India has finally arrived, from a land of entrepreneurs and shopkeepers to becoming the top retail destination in the world. Just a few days back, Walmart the largest grocery retailer in America made a big bang entry into India. Other global retail giants heading towards the Indian retail landscape include, Tesco, Carrefour SA,
PUMA Shoes Metro AG etc. Trade with India seems to be the new chant for the global retailers.br>br>The Indian Retail Street is set to glow brighter with India recapturing its position as the most attractive destination for global retailers, despite the global slump. According to the Global Retail Development Index (GRDI) released by US-based global management consulting firm, A T Kearney, India has emerged as best country amongst 30 emerging markets. This reinforces the fact that trade with India is a golden opportunity to be capitalized upon. Interestingly, Russia clinched the second position, while China settled for the third spot. The report also stated that India has become the most attractive destination for retail investment for the fourth time in five years.br>br>The report further stated that Wal-Mart, Carrefour and Tesco, are planning to enlarge their trade with India as Indian consumers are becoming increasingly brand-conscience and getting accustomed with global retail formats. EBONY Homes, the home furniture retail arm of the 3 billion DS Constructions, is upbeat about the Indian retail scenario and is gearing up to invest Rs 120 crore. The company plans to set up a chain of 20-25 furniture stores styled Ebony Gautier across the country by March 2012.br>br>As per McKinsey report, ‘The rise of Indian Consumer Market' Indian consumers are likely to grow four times by 2025. As per Commercial real estate services company, CB Richard Ellis', the Indian retail market is currently valued at US 511 billion. Banks, capital goods, engineering, fast moving consumer goods (FMCG), software services, oil marketing, power, two-wheelers and telecom companies are spurring the growth in this sector. Trade with India
continues to be the most attractive option for global retailers. At US 511 billion in 2008, its retail market is drawing both global and local retailers.br>br>‘Trade with India' approach adopted by retailers all across the globe seems to have provided fresh stimulus in the form of Foreign direct investment (FDI). FDI inflows as on January 2009, in single-brand retail trading, was around US 25.18 million, according to the Department of Industrial Policy and Promotion (DIPP). India's overall retail sector
PUMA Voltaic Shoes will be worth US 833 million by 2113 and to US 1.3 trillion by 2018. From Nehru's socialist era to Manmohan's market economy, consumer spending has come a long way. The consumer spending rose by phenomenal 75 per cent in the past four years. In addition, the organized retail market which today accounts just 5 percent of the market will tentatively grow at a CAGR of 40 percent from US 20 billion in 2007 to US107 billion by 2013.br>br>In terms of apparel retail industry, India has
PUMA Sports Shoes emerged as the third best, as per a new study carried out by global management consulting firm AT Kearney. The report further adds that in India, apparel occupies the second largest retail category, comprising 10 percent of the US 37 billion retail market. It is estimated to grow by 12-15 percent per year. Trade with India, in sectors like apparel and food and grocery will be a profitable preposition for global retailers, as these two sectors will reportedly lead the organized retailing in India.br>br>Currently India has one of the largest numbers of retail outlets in the world. According to a report by images Retail estimates the number of
operational malls will grow more than two-fold, i.e., it will cross 412, with 205 million square feet getting covered by 2010. Nearly 715 malls will be added by 2015, with major retail developments in tier-II and tier-III cities fuelling further growth.br>br>Many global retailers have given thumps up to trade with Indiabr>br>? Marks & Spencer Reliance India is planning to unveil 35 more stores over the next five years. The 51:49 joint venture between UK's Marks and Spencer and Reliance Retail Ltd already has 15 stores in India. Marks & Spencer is a leading UK retailer of clothing, food, home-ware and financial services, serving 10 million customers a week.br>br>? Carrefour SA, Europe's largest retailer, may start wholesale operations in India by 2010. Carrefour, currently exports goods worth, US 170 million from India to Europe, UAE, Indonesia, Europe, Thailand, Singapore and Malaysia.br>br>? Jewellery manufacturer and retailer, Gitanjali Group and MMTC are jointly establishing a chain of retail outlets called Shuddi-Sampurna Vishwas. Around 60 stores will set up across India by end of this year. The stores will be retailing hallmarked gold and diamond jewellery.br>br>? Mahindra
Role of Banner ads to Promote Website Retail, plans to invest US 19.8 million by 2010 to enhance its specialty retail concept 'Mom and Me'.br>br>? Pantaloon Retail, the country's largest retailer, plans to raise about Rs 1,000 crore by selling shares to investors. The group currently operates about 1,000 stores.br>br>Government Initiatives to boost Trade with Indiabr>br>? 100 per cent FDI is permissible in cash-and-carry wholesale formats. Franchisee arrangements are also acceptable in retail trade.br>br>? 51 per cent FDI is permissible in single-brand retailing.br>br>The future ahe
adbr>br>Industry experts see the rise of the rural sector in the coming years. Currently, rural market comprises nearly half of the domestic retail market of India, i.e., US 300 billion. The per capita income of the rural India has reportedly grown by 50 percent over the last 10 years, mainly because of the rising commodity prices and better productivity.br>br>According to E&Y India, basic infrastructure, generation of employment guarantee schemes, better information services and access to funding are ushering in good times for the rural households.br>br>? As per the new market research report by RNCOS, organized retail market is expected to reach US 50 billion by 2011.br>br>? The boom in the retail market will fuel the growth of the logistic market. It is estimated the market will reach around US20 billion by 2011.br>br>? Retailing of mobile handset and accessories is estimated to reach close to US990 million by 2010.br>br>? Rural market is estimated to lead the Indian retail industry landscape in the future.br>br>? Shopping malls are expected to increase at a CAGR of more than 18.9 per cent from 2007 to 2015.
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