Gone are those days when we used to go to the nearby Mom and Pop stores and vegetable markets & used to bargain with the local vendors until we were satisfied that we got a good deal. The Unorganised market, though a dominant force, is losing its hold from the most lucrative and ever growing industry in India. Retail mania is on the way to pave a new path altogether, Be it Biyani’s Future group or Raheja’s Retailing venture, From the Tata’s Westside to the Reliance retail Group ,Huge investments made by this giants is testimony of the fact that the Retail mania is here to stay .
The Industry has seen downside like the Cash crunch in Subhiksha and Debt burden Of Vishal Retail Ltd which ultimately forced the two to go for Corporate Debt Restructuring .Yet the Retail Mania was able to have a smooth ride over the topsy-turvy roads characterised by bottlenecks like opposition from the unorganised retailers, strict FDI norms for foreign players in Multi Brand Retailing, High Real estate prices etc.
The Recent Conglomeration between India’s Bharti and U.S.A’s Walmart to start their Retail venture in India (with the duo’s one outlet already in operation in Amritsar) and talks between Future group and Carrefour Mega alliance adds more spice to the stupendous Retail flavour. With other players entering the Indian market focusing on capturing tier 2 and 3 cities, we will get to see the real colours of this industry sooner or later.
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