Self Appointed Liberators of the Retail Sector demand OPEN MINDS – and WALLETS ?
Arvind Singhal: Liberating the retail sector
http://www.business-standard.com/common/news_article.php?leftnm=lmnu2&subLeft=3&autono=324337&tab=r
The report must be read more carefully, and with an open mind, by those vociferous elements in the UPA government (read: Left parties), Mayawati of BSP, and our own Don Quixotes going by names such as India FDI Watch.
Retail giants operating without license
Making the Thiruvananthapuram Corporation a captive, retail giants are setting up shops in various centres in the city. Big Bazaar still functions without the Corporation’s licence, said Mayor C. Jayan Babu.
ITC Chaupal Fresh expansion on hold
ITC, the fresh vegetable retailer under the brands Choupal Fresh have hit a pause on their expansion plans. Currently the company operates 24 Choupal Sagars – large format rural stores that complement the e-choupal initiative. It also has 27 Choupal Fresh stores in Hyderabad, Pune and Chandigarh.
Australian farmers “ripped off” by supermarkets
In Australia, the Victorian Farmers Federation (VFF) has told the Australian Competition and Consumer Commission into grocery pricing that the major grocery chains are ripping off consumers and farmers by labelling the same products differently.
K. RAHEJA HyperCity to abandon neighbourhood store format
K. Raheja-owned HyperCITY Retail has abandoned plans announced last year to launch a neighbourhodd store format under the ExpressCITY banner.
Food prices are growing, but farmers’ share of the profit is not
The farmer’s share of the retail food dollar is about the same today as it was in the 1970s. Take corn, for example. According to economists at the American Farm Bureau Federation, the farmer receives less than 8 cents for the corn used in an 18-ounce box of corn flakes selling for $3.30 at the grocery store. It is pretty much the same for a loaf of bread. The farmer receives about 16 cents from a loaf of bread that sells for $1.78. The farmer’s share of a 5-pound bag of flour costing $2.39 is $1.10.
Govt needs to chalk out national retail policy: Assocham
The government needs to formulate a national retail policy to facilitate co-existence of both organised and unorganised retail, besides setting up an independent regulator for governing the retailing sector, a report by industry body Assocham says.
Decision on FDI in retail unlikely in UPA regime
apart from the broad political opposition, the Government has come under severe pressure from scores of trade and industry bodies from across the country against FDI in retail. A total of 44 trade and industry associations have represented to the Department of Industrial Policy and Promotion (DIPP)
Organised retail to capture 25 pc market by 2011
In a surprise finding that organised retail is growing faster than expected in India, a study has forecast that this segment could account for a quarter of the total retail revenues by 2011 from the current 8 per cent share.
Retail will drive growth of fruits and vegetables: Pawar
According to the ministry of Agriculture, Government of India, about 72 per cent of the fruit and vegetable produced in the country goes waste because of lack of proper retailing and adequate storage capacity. P K Mishra, secretary in the ministry’s department of agriculture and co-operation, said so while was speaking at a Fruit and Vegetable Summit organised by Confederation of Indian Industry (CII).
Indian Railways offering retail space
The Indian Railways is soon going to offer around 4,800 hectares of land to retail and logistics companies to set up retail outlets, agri-retail infrastructure and warehouses. Around 3,000 sites have already been identified by the railways across the country for the purpose.
Mom & Pop shops eye cooperatives to take on big retailers
Bhartiya Udyog Vyapar Mandal (BUVM), the biggest national-level association of mom and pop stores (kirana stores) that comprises 17,000 state- and district-level associations across 27 states, is planning to form co-operatives throughout India helping its members benefit from a common sourcing and shared infrastructure (logistics, storage and billing) platform.
AUSTRALIA calls for overhaul of planning laws
A report in Australia, commissioned by Urban Taskforce Australia, recommends a review of state planning laws regulating new supermarkets and large food stores.
Reliance to invest Rs 5,000 crore in converting 700-odd closed fuel pumps into malls/ multiplexes
Reliance Industries Ltd (RIL) which incurred a loss of about Rs 800 crore on operations of its 1,432 fuel stations during 2007-08 is looking at converting about 700 to 800 of them into shopping malls and multiplex halls.
Wal-Mart joins the dairy retail club
Wal-mart is the newest entrant in the diary procurement and retail business in Punjab. Wal-mart has been buying milk directly from cooperatives rather than from farmers.
RPG plans Rs 1000 crore expansion; revamping old stores
Eyeing Rs 1,800 crore turnover this fiscal, RPG group has planned aggressive expansion plans for its retail business.
VISHAL turnover amibitions
Vishal Group plans to increase its turnover from the current INR1,000 crore (USD248 million) to INR5,000 crore (USD1,240 million) by 2011. Vishal is having a revenue growth of 90-100% every year.
In Solidarity!
Dharmendra Kumar
Director
India FDI Watch
M-9871179084
Email:
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