India Retail News

Modern Retail has seen a significant growth in the past few years, with large scale investments made by Indian corporate houses primarily in Food and Grocery retailing, in a bid to capture the large potential of the USD 300 billion market. Foreign apparel brands, including luxury brands, have set up shop in India through franchisee/joint venture route and have expanded rapidly in the last few years. Multi-brand retailing has currently been banned for foreign investment. For global retailers who have not been seeing large organic growth, India provides a lucrative market for them to grow their top line and profitability. Some global retailers are currently operating in India in the cash and carry (wholesale) format. Few retailers have been designing plans to start their cash and carry business, to have a market presence and create brand awareness.