Over 50 Global Retailers to Set Up Shop in India

More than 50 mid-rung global retailers are planning to enter India within the next six months, according to data compiled by Franchise India. The majority of the brands are from the United States and Singapore, and they will invest $300-500 million in India.
The Economic Times reports that the latest brands are mostly smaller ones that rely on the franchise system for global expansion. These companies want to focus on smaller and untapped markets such as Tier 2 and 3 cities. Of the incoming brands, 18 are in the food and beverage space followed by 13 each in apparel and lifestyle products and education products.
Retail Marketing
Recently, India replaced China as the most promising retail market in the world, according to an AT Kearney report. The report said, “Government efforts to boost cashless payments and reform indirect taxation with a nationwide goods and services tax are expected to accelerate adoption of modern retail.”

The Indian retail market is expected to reach $1.6 trillion by 2026, growing at a compounded annual growth rate of 10%, according to the India Business of Fashion 2017 report. With food and grocery retail just 3% of the overall market, several global food chains sense an opportunity in India.

June 19, 2017   No Comments

India Tops Global Retail Development Index

India has overtaken China to secure the top position among 30 developing countries on ease of doing business, according to AT Kearney‘s the 2017 Global Retail Development Index, now in its 16th edition.

This index ranks the top 30 developing countries for retail investment worldwide and analyses 25 macroeconomic and retail-specific variables. India’s rapidly expanding economy, its relaxing of foreign direct investment rules and a consumption boom are the key drivers for India’s top ranking in the  Global Retail Development Index reports the Economic Times. India’s retail sector has been growing at an annual rate of 20 percent. Total sales surpassed the $1 trillion mark last year and the sector is expected to double in size by 2020.

 “The study is unique in that it not only identifies the markets that are most attractive today, but also those that offer future potential,” said management consulting firm AT Kearney. “India’s top ranking is a clear vote of confidence in its retail market and vast growth potential,” said Debashish Mukherjee, Partner with A T Kearney and Head of the Consumer Industries & Retail Products Practice for India.

India Tops GRDI 2017

June 13, 2017   No Comments

India to Be 3rd Largest Buyer of Passenger Planes

With India set to buy 2.2 new airplanes for each of the 480 aircraft currently in service, it is poised to become the third-largest buyer of commercial passenger planes in the world. The U.S. and China are the only countries to have more pending aircraft orders says a report released by the Center for Asia Pacific Aviation, a Sydney-based aviation think tank.

Boeing predicts that India will need 1,850 new planes over the next two decades, and says that these orders will be worth $265 billion. CNN reports that  220 million Indians flew last year — an annual increase of 20% — and the country is on track to overtake the U.K. as the world’s third-largest aviation market by 2026.

However, there are challenges to this expansion: airlines can buckle under the pressure and become defunct; infrastructure such as airports and traffic control will need to gear up to match India’s aviation boom.

 

A plane in flight

June 9, 2017   No Comments

India Receives the most FDI, Again

The fDi Report 2017 compiled by fDi Intelligence, a division of The Financial Times Ltd., says that India retained its position as the world’s topmost greenfield destination for Foreign Direct Investment for the second consecutive year, attracting  $62.3 billion in 2016.
China has overtaken the U.S. to become the second biggest destination for FDI by capital investment, with $59 billion of announced FDI, compared to $48 billion in the U.S.
A case of dollar bills
Globally, the real estate sector attracted the most capital investment, with $157.5 billion of announced FDI recorded in 2016. In value terms, coal and natural gas witnessed an inflow of $121 billion, followed by alternate and renewable energy at $77 billion, says FirstPost.

May 29, 2017   No Comments

India’s Dairy Sector Buoyant Despite Global Slump

According to Dublin, Ireland-based Research and Markets, India, the largest producer and consumer of milk globally, should report a 15.6% year-on-year growth in revenues for this year.

India’s demographics and dietary habits have changed over the past two decades, and the demand for cheese, ice cream, and yogurt now takes precedence over the demand for just milk.

Cows in a pastrue

Globally, milk prices have remained low last year because of weak import demand and oversupply. This was compounded by the slow down in the economy of China, Russia‘s ban on EU produce, and the abolition of the EU’s dairy production quotas, says the Dairy Reporter.

April 23, 2017   No Comments