South Asia.

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  • India still most attractive destination for global retailers

    Organised retail market in India is expected to reach $50 billion mark by 2011. Number of shopping malls is expected to increase at a CAGR of more than 18.9% from 2007 to 2015. Rural market is projected to dominate the retail industry landscape in India by 2012 with total market share of above 50%. Organised retailing of mobile handset and accessories is expected to reach close to Rs 5000 crore by 2010. Driven by the expanding retail market, third party logistic market is f...

    Source
    Food and Beverage News (link opens in a new window)
    Region
    South Asia
  • A shrinking fortune at the bottom of the pyramid?

    Small may be beautiful, but not always. Fast moving consumer goods companies (FMCG), which depend heavily on the bottom of the pyramid market are in trouble as far as their small pack sales are concerned. And this is despite the fact that no price increases took place in this segment, even though FMCG companies raised prices roughly 17 per cent for soaps and 24 per cent for detergents. Sample this: According to the latest Nielsen data for the 11-month period from March 2008 to Febr...

    Source
    Business Standard (link opens in a new window)
    Region
    South Asia
  • Rural India Promises Growth for Retail

    There may be a slowdown in urban retail, but `Bharat’ is still shining for retailers. The next phase of growth is expected to come from rural markets with rural India accounting for almost half of the domestic retail market, which is valued over $300 billion. Rural India is set to witness an economic boom, with per capita income having grown by 50% over the last 10 years, mainly on account of rising commodity prices andimproved productivity. Development of basic infrastructure,...

    Source
    Times of India (link opens in a new window)
    Region
    South Asia
  • Bottom of the Pyramid Spurs More Indian Ideas

    We have the Nano, we have mastered the art of low-cost surgery, we know how to engineer sports utility vehicles at a fraction of the cost of a multinational corporation, we send spacecraft to the moon and launch satellites at a third of the cost, we have the world’s cheapest mobile phone, we’re the world’s IT champs… So why haven’t we been able to devise cost-effective ways of delivering education and healthcare to the majority of our people? This is ...

    Source
    Business Standard (link opens in a new window)
    Region
    South Asia
  • How customer focus is helping Bajaj Auto, ITC cut deeper

    Mumbai: Visit any company website, or read any corporate brochure, the words "customer focus" invariably leap at you. What makes this a powerful trend is that it is not only restricted to the FMCG or the services sector. Now we have cement companies talking directly to end users on primetime television spots. We also have manufacturers of telecom cables and water pipes jostling for the customer’s mind space alongside cola majors. The foregone conclusion: customer focus is the n...

    Source
    DNA News (link opens in a new window)
    Region
    South Asia
  • Mart With a Rural Heart

    Previously the people of Illol village travelled to the nearest town of Himmatnagar, Gujarat, to buy a sachet of shampoo. But now they are able to buy it from the shop in the village,” says Nadeem Jafri, who has set up Hearty Mart — a chain of supermarkets in rural areas. Rewriting the rules of top-down retailing models, Jafri has chosen to target the ‘bottom of the pyramid’, as advocated by well-known consultant C.K. Prahalad. With a presence in little-know...

    Source
    Hindu Business Line (link opens in a new window)
    Region
    South Asia
  • Godrej Consumer Looking for Acquisitions Abroad

    Godrej Consumer Products Ltd. is looking for acquisitions worth up to $1 billion abroad as the Indian soap and hair color maker wants to sell its products in countries like China, Brazil and Nigeria, Chairman Adi Godrej said. "We won’t go for anything very tiny, but if the acquisition is over $15 million, we would look at it," Mr. Godrej told Dow Jones Newswires in a recent interview. "On the upper side, we would look at something up to maybe a billion dollars." He s...

    Source
    Wall Street Journal (link opens in a new window)
    Region
    South Asia
  • Prahalad: We Need More Nanos, Amuls, Jaipur Rugs

    When the corporate world is engaged in a debate over finding feasible solutions to come out of the current economic crisis, management guru Prof. C K Prahlad suggests innovative business models like Nano, Jaipur Rugs, Amul etc to move out from the crisis. While encouraging business leaders to adopt innovative ideas by referring to some of the success stories of top Indian companies, Prof. Prahlad said, “India has the ability to beco...

    Source
    MBA Universe (link opens in a new window)
    Region
    South Asia
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