As per India Brand Equity Foundation (IBEF), India has become the 5th largest preferred destination for retail business globally. Not only this, but also in terms of per capita availability of retail store, India stands amongst the highest in the world, and the number is constantly growing.
The Indian retail industry is one of fastest growing in the world, which is expected to grow up to US $1.3 trillion in 2020, by a CAGR (compound annual growth rate) of 16.7% over 2015-20.
The positive change is taking place due to various factors, such as-
- · World’s 2nd largest population resides in India,
- · Healthy economic growth,
- · Changing Demographic profile,
- · Increasing disposable income,
- · Rapid urbanisation,
- · Changing consumer’s taste and preference
As another factor behind the Indian retail business growth, the policy reform has vital role to play. The potential of market has grown up with the various reforms introduced by the mandated government of the day. As a key economic reform, India has widen its FDI route; FDI of 100% in single brand and that of 51% in multi-brand retail is allowed, that is attracting many global players to come and establish their business in India. The constant focus of the government to make business ecosystem conducive in India with all the required reduction or elimination of the existing red-tape hurdles, is also decisive factor for the growth in all the indicators.
All the above mentioned factors are increasing the participation from foreign and private players, which has given a boost to Indian retail industry.
If you are also looking for any such venture and searching for a Retail Solution Provider for custom retail store Fixtures, POSM and retail Display prints that can effectively feature your product in Indian Market, then Retails can be your perfect partner.
Being equipped with state-of-the-art manufacturing facility of own along with skilled manpower, we have executed more than 5000 retail projects over a period of our last 18 years in this industry. Our portfolio exhibits our potential. We have done numerous projects including Complete Retail Store, POSM, Shop-in-shop (SIS) for the global leading retail brands.
We provide you a new age custom retail turnkey solution.
Mail us to get the best Quote- contact@retails.co.in
Visit Our Project Gallery : retails.co.in/gallery.aspx