Investors Bullish on Indian Retail Sector

June 22, 2007	(Be the first to rate this story!)  Loading ...
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Consumers are largely inclining towards contemporary style exclusive goods and retail models. India, China, and Russia have been sought after as the most lucrative destinations to invest in retail sector.

Retailers are looking forward to smaller cities as a common hunting ground, says the data showcased by a study of retail investment attractiveness among 30 upcoming property markets.

India and Russia are two nations which continue to grow by leaps and bounds in retail sector in the past three years. Since retail market in India is highly promising, there are large possibilities for the sector to make raid strides in near future.

Add to that, new models being designed for retailing in India are transforming the fragmented sector into an organized retail landscape in India, says Hemant Kalbag, principal, consumer industries and retail practice, AT Kearney India.

According to the study, there has been a sharp increase in number of modern retail concepts. They have grown by 25%-30% in India and by 13% in both China and Russia in 2006-till date. However, the competition is fiercer within cities which is putting off retail investors from parking their funds in metros, reveals the study.

Prozone, a known shopping center developer in India is eyeing the semi-urban pie to make killings in wake of soaring demand there. Establishing a substantial niche in these markets along with beating competitors to punch remains the key to long-term survival, say industry connoisseurs.

News Published Under:   Retail Market in India |

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