Over 50 global retailers to enter India in six months
Over 50 new retail brands that have tied up with Franchise India may enter India in the next six months investing a total of $300-500 million.
Key highlights
- 50 new retailers to enter India in six months investing nearly $300-500 million.
- A total of 3000 stores is anticipated to be opened.
- Government’s decision to allow 100% FDI in B2B e-commerce and food retailers may have led to boost in investor sentiment in India.
Many brands from US and Singapore market, totalling 50 global retailers will enter the Indian arena in the next six months.
Brands such as Korres, Migato, Evisu, Wallstreet English, Pasta Mania, Lush Addiction, Melting Pot, Yogurt Lab, among others who have tied up with Franchise India will invest nearly $300-500 million in India, a report by Economic Times said on Monday.
Franchise India is a retail solutions provider in Asia and helps brands find partners and get regulatory clearences.
The global brands will open a total of 3000 stores. Government has allowed 100% foreign ownership in B2B e-commerce business and for retailers that sell foods products manufactured in India, the report said.
Also Read: Growing middle class, GDP helps India top list of developing countries for retail investment
The Indian retail market constituted over 10% of the country’s Gross Domestic Product (GDP) and around 8% of the employment and is valued at $672 billion, a report by Care Ratings said on June 2.
India replaced China as ‘the most promising retail market in the world,’ as per an AT Kearney report. Over the next four years the market is estimated to grow at a CAGR of 17% to reach $1300 billion.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
11:18 AM IST