Major upcoming retail investments in India
The Indian retail trading has received Foreign Direct Investment (FDI) equity inflows totalling US$ 935.74 million during April 2000–December 2016, according to the Department of Industrial Policies and Promotion (DIPP).BY Indian Retailer Bureau | Mar 22, 2017 | comments ( 0 ) |
Indian retail sector has high potential to attract foreign investment, with FDI policies opening up more and more retailers are exploring Indian market which consists of more than billion people. Even the existing ones are looking to spread their reach. Foreign investments are important to India as well, as per leading media report India needs around $1 trillion investment to overhaul its infrastructure such as ports, airports and highways to boost growth. With the rising need for consumer goods in different sectors including consumer electronics and home appliances, many companies have invested in the Indian retail space in the past few months .As per the India brand equity foundation following are major international retail investment in India:
- Iconic British toy shop chain Hamleys plans to open six more stores in India, taking its total store count in the country to 32 by the end of March 2017.
- High-end home-furniture chain Roche Bobois Group has aggressive plans to solidify its exiting footprint. As per the strategy, the retailer plans to open new stores in cities like Hyderabad, Chennai, Pune, Kolkata and Ahmedabad, in order to make India one of its top five markets by 2022.
- Retail stalwart Future Consumer Ltd has signed a joint venture (JV) with UK’s largest wholesaler, Booker Group, with an investment of Rs 50 crore (US$ 7.5 million), to set up 60-70 cash-and-carry stores in India in the next 3-4 years. With this JV Biyani aims to reach Rs 20,000 crore in sales from in-house brands by 2021 and push these higher margins products outside its own 800-odd stores.
- Adidas India Private Limited plans to open around 30-40 big flagship stores across metro cities including Delhi, Mumbai and Bengaluru, by 2020.
- Switzerland’s luxury retail brand Bally mulling over to re-enter Indian market via a joint venture with Reliance Brands Ltd, by opening its first store in New Delhi in March 2017, and thereafter aiming to expand to four stores in Delhi, Mumbai, Kolkata and Chennai over the next 3 to 4 years.
- Swedish home furnishing brand Ikea has drawn up a long-term plan for Indian market. The retailer plans to invest Rs 10,500 crore (US$ 1.56 billion) to set up 25 stores across India over next few years.
- New York-based designer brand Kate Spade will be marking India entry this year with Reliance brands. In initial phase of expansion, the retailer will open two stores in the capital city New Delhi.
- Walmart India plans to add 50 more cash-and-carry stores in India over the next four to five years.
Following is the pictoric representation of global FDI Index.
- Brand Licensing
Hamleys opens first store
The toy retailer entered India through an exclusive franchise arrangement with Reliance Lifestyle
- Home Furnishing
French luxury brand Roche
Roche Bobois claims that it uses the best-quality woods, the most beautiful leathers and the most
- Brand Licensing
Kate Spade New York for
Kate Spade New York is one of more than two dozen new tenants announced for Disney Springs.
- Executive Movement
Kishore Biyani resigns as
Future group chairman Kishore Biyani has stepped down from the post of Managing Director of Future
- Appointments & Recognitions
Walmart renames Scott
American retail major, Walmart has renamed Scott Price as the President and Chief Executive Officer
- Fashion & Accessories
Adidas ropes Ranvir Singh
Streetwear label Adidas Originals has roped in actor Ranveer Singh to endorse the brand in India.