Challenges facing an Indian organized retail sector
The biggest challenges facing the Indian organized retail sector include the lack of retail of retail space and rising real estate prices due to increased demand. Trained manpower shortage is also a challenge as it is still difficult and expensive to find and retain welleducated presons. The allowance of only one-brand stores does not allow FDI in multi-brand retail and this has made the entry of global retail giant into the Indian organized retail sector chatlenging. The country, however, allows mulit-brand retailers to enter the market thorugh franchise agreements and so 51 precent FDI in single-brand retail,100 percent in cash and carry, and 0 percent in multi-brand retail is currently allowed.
Due to the potential lucrative benefits for players in the Indian Retail Market, Carrefour will face several competitors. Local Indian competitors include Reliance Industries Ltd., which plans to invest US$6 billion in opening 1000 hypermarkets and 1500 supermarkets, Pantaloons, which plans to its retail space to 30 million ft2 with a US$1 billion investment and Bharti Telecoms, which is in talks with British globlal giant Tesco for a $750 million joint venture.
Challenges facing an Indian organized retail sector
The biggest challenges facing the Indian organized retail sector include the lack of retail of retail space and rising real estate prices due to increased demand. Trained manpower shortage is also a challenge as it is still difficult and expensive to find and retain welleducated presons. The allowance of only one-brand stores does not allow FDI in multi-brand retail and this has made the entry of global retail giant into the Indian organized retail sector chatlenging. The country, however, allows mulit-brand retailers to enter the market thorugh franchise agreements and so 51 precent FDI in single-brand retail,100 percent in cash and carry, and 0 percent in multi-brand retail is currently allowed.
Due to the potential lucrative benefits for players in the Indian Retail Market, Carrefour will face several competitors. Local Indian competitors include Reliance Industries Ltd., which plans to invest US$6 billion in opening 1000 hypermarkets and 1500 supermarkets, Pantaloons, which plans to its retail space to 30 million ft2 with a US$1 billion investment and Bharti Telecoms, which is in talks with British globlal giant Tesco for a $750 million joint venture.
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