It seems that the first round of battle against modern retailers and small traders seems to be won by the latter.
The diktat has worked yet again. Much after opposing entry of foreign retailers, the UP Government has now decided to shut down all organised retail outlets that operate outside malls.
If you are thinking that there is very little left in terms of appreciation in Reliance Industries especially the stupendous returns it has given post demerger and split with Anil Ambani, then there is some food for thought.
The retail boom is sparing no one and big auto companies are redefining their retailing strategies to catch the attention of customers and deal with the intense competition and slowdown in the sector.
Aditya Birla’s retail store ‘More’ opened recently has drawn the flak of traditional Jain and Marwari over these stores selling meat items and putting commercial interests above religion.
A lot has been said and written about the growth of organised retail market in India and how big corporates, either solely or though foreign partners, would change the landscape of the country’s retail scenario with huge investments and nationwide presence.
With a view to reduce crop wastage of Rs.50,000 crore per year and increase share of processed food in the country to 20% from the present 6%, the government is setting up 30 food parks in next 5 years with a public-private partnership.