The world's largest retailer has teamed up with India's Bharti Enterprises Ltd. — a business conglomerate focused mostly on telecommunications — to set up hundreds of stores across the country, said Sunil Bharti Mittal, chairman and CEO of the Indian company. In recent years, several large Indian companies have diversified into retail business.
Reliance Industries Ltd., has already lined up billion of dollars to invest in a retail chain that would also showcase large superstores like Wal-Mart. The company opened its first retail outlet "FRESH" in the southern Indian city of Hyderabad in November 2006.
Rising middle class incomes and an increase in demand for branded products, however, make India a compelling destination for global retail companies.
What will happen to crores of small retailers in India? Has the government thought of this?
Danger for small retailers for sure.
Reliance Industries Ltd., has already lined up billion of dollars to invest in a retail chain that would also showcase large superstores like Wal-Mart. The company opened its first retail outlet "FRESH" in the southern Indian city of Hyderabad in November 2006.
Rising middle class incomes and an increase in demand for branded products, however, make India a compelling destination for global retail companies.
What will happen to crores of small retailers in India? Has the government thought of this?
Danger for small retailers for sure.
Oh OHHHHH!!
ReplyDeleteSad though...
//What will happen to crores of small retailers in India? Has the government thought of this?
Danger for small retailers for sure.//
But no one can stop us from deciding where we want to go!?
TAG POSTED!! :)
ReplyDeleteHope i did justice to the tag !!
not entirely i guess not.....small retailers might still be in business for the emergency fix that's often needed :D
ReplyDeletefrom a consumer point of view, i hope this is a welcome change!
I think the small retailers will still be there.Most of these large warehouse stores are away from the city and acess is hard , so the people who have to walk or want the convenience of shopping closeby will still go to these small retailers.Thats what I think,don't really know.These giant stores are going to come up whether we like it or not.
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