CII

Retail

The Indian retail market, which is the fifth largest retail destination globally, has been ranked the second most attractive emerging market for investment after Vietnam in the retail sector by AT Kearney's seventh annual Global Retail Development Index (GRDI), in 2008. The share of retail trade in the country's gross domestic product (GDP) was between 8–10 per cent in 2007. It is currently around 12 per cent, and is likely to reach 22 per cent by 2010. A McKinsey report 'The rise of Indian Consumer Market', estimates that the Indian consumer market is likely to grow four times by 2025. Commercial real estate services company, CB Richard Ellis' findings state that India's retail market is currently valued at US$ 511 billion. Banks, capital goods, engineering, fast moving consumer goods (FMCG), software services, oil marketing, power, two-wheelers and telecom companies are leading the sales and profit growth of India Inc in the fourth quarter of 2008-09. India continues to be among the

Key Initiatives / Information

Saying Yes to Affirmative Action in India Inc Way

Corporate India is thinking out of the box to fulfill the government’s affirmative action agenda of ensuring inclusive growth through sustainable livelihoods for the weaker sections of society. The article which was published in the Economic Times on 29 April dwells upon two PPP strategies that could change the discourse on affirmative action between government and industry.

Retail FDI, a game-changer

The announcement on notifying 100 per cent FDI in single brand retail, and opening up multi-brand retail to FDI is a welcome move, and sparks hopes of restoring investor confidence and attracting more funds from overseas. It is worth reiterating the benefits expected from this move. This column by Mr Chandrajit Banerjee, Director General, CII, appeared in Hindu Businessline on 17th Sep 2012.

The Quiet Pioneer

An ardent supporter of regional integration, Mr Chandrajit Banerjee, Director General, CII, calls for greater economic and people-to-people ties between India and China. While tariff and non-tariff barriers have been reducing and bilateral trade touched $ 74 billion in 2011, there is scope for further engagement, especially in sectors such as IT and pharmaceuticals.

Economic reforms will help drive growth

The year has seen committed initiatives by the Government towards economic liberalisation. Key policies such as the National Manufacturing Policy and Strategy for Doubling Exports have been announced. Several bills are undergoing the Parliamentary process. For the coming year, industry hopes for more steps to restore business confidence and investments. The article appeared in “The Financial Express” dated 31 December 2011.

Govt Has Really Unleashed Farmer Productivity

Hailing the Indian Government’s recent decision to allow 51% FDI in multi-brand retail and 100% in single-brand retail, Mr Chandrajit Banerjee, Director General, CII, says the move will benefit the economy and further promote inclusive growth, benefiting farmers, consumers and workers. According to a recent CII-BCG study estimate, an investment of USD 60 billion is required to build modern retail supply chains in India. FDI in Retail will help meet this need, and also bring in the technology, and expertise of foreign retailers. The article appeared in The Financial Express dated 29 November 2011.

An Autumn Of Happy Tidings

In an article featured on the editorial page in the section “Of Ideas” of the Times of India dated 8 November 2011, Mr Chandrajit Banerjee, Director General (CII), points out the positive signs in the Indian economy that may be unnoticed in the gloomy global scenario.

CII comments on introducing FDI in retail

In the last few months, there has been significant discussion on permitting Foreign Direct Investment (“FDI”) in Multi-Brand Retail Trading. As part of that process, the Department of Industrial Policy and Promotion (“DIPP”) released a discussion paper on “Foreign Direct Investment (FDI) in Multi-Brand Retail Trading” (“Discussion Paper”) and invited views on the same. The Confederation of Indian Industry (“CII”) had responded to the Discussion Paper earlier (attached as Annexure 1 is a copy of the response for your reference). In addition to the views set out in the attached response, this note seeks to outline CII perspective on key issues relating to FDI in retail trading sector based on certain recent press reports on the recommended proposal of the DIPP, while highlighting the need to adopt a different approach for food and non-food sector.

CII-DU Professional Skills Project

As part of the project, 6 months joint certification courses (which include 4 months class-room training + 2 months internship in relevant industry) have been developed in consultation with industry and are being delivered using advanced methodologies including case studies, interaction with domain experts, case simulation and real life hands-on experience. Post completion of the internship, the deserving students would be assisted for placement offers with suitable organizations. At present the following three certificate programs are being offered

FDI in Retail – The Next Big Step Towards Growth

The CII National Committee on Retail recently submitted an industry analysis on the crucial issue of Foreign Direct Investment (FDI) in retail, a step towards opening up the organised retail sector to foreign companies.

CII News Update

''India has a great potential in tools and hardware''

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CII Brand Conclave 2012 deliberated on Engaging the Consumer in the Digital World

Confederation of Indian Industry (CII) organised the 11th edition of BRAND CONCLAVE, the biggest brand management workshop in India held in Kolkata. David Meerman Scott, the world’s foremost authority on Social Media Marketing conducted the day long SOCIAL MEDIA MARKETING MASTERCLASS. The theme .....

Workshop on Customer Management 28th September 2012, Gurgaon

CII Haryana organized a Training programme on “Customer Management” at the CII Conference Hall; Gurgaon with an objective to acquaint industry with innovative customer management processes which is an important skill that needs to be used in the challenging times by several professionals. .....

Changing paradigm in the retail sector – Growing need and importance for modern trade

As a part of the ‘CII Retail and Convenience Expo’, a conference on Changing Paradigm in Retail’ was organized looking at the emerging trends in retail sector in India. Mr Harsh Bahadur, Chairman, CII Retail and Convenience Expo, said “There is an urgent need to develop the supporting infr.....

Reforms Restarted: Adi Godrej

Welcoming further liberalization of FDI Policy through increase in equity caps in Civil Aviation, Power Trading Exchanges, Broadcasting and opening up of Multi Brand Retail for FDI, Mr Adi Godrej, President CII said that “today’s announcements on FDI Caps has restarted the reform process”, in a pre.....

Indian Tiger Roars, Huge Consumption Growth Opportunity for FMCG and Retail

“There is such a huge opportunity in Indian retail and FMCG that there is no need for players to fight for their share of the pie. Instead our focus should be to grow this pie which is small today and to unlock a closed market,” said Mr. Nitin Paranjpe, CEO and MD, Hindustan Unilever Ltd., setting .....

SME industry welcomes 100% FDI in single brand retail and expect early implementation of 51% FDI in multi-brand retail with mandatory sourcing : CII Survey on Impact of FDI in Retail on SME

A Survey on the Impact of FDI in retail on SME undertaken by the Confederation of Indian Industry (CII) confirms that SME industry, by and large, supports 100 % FDI in single brand retail and expects earlier and speedier implementation of 51% FDI in multi-brand retail and notification to that effec.....

FDI in Retail will be major boost for Economy: CII President

Terming the decision to invite foreign direct investment in the retail sector as a major reform, Mr B Muthuraman, President, Confederation of Indian Industry, said that this would greatly improve investment sentiment in the country. “At a time when declining investments have led to slower GDP growt.....

FDI in Retail: A 360 Degree Advantage

FDI in Multi brand Retail will give a boost to the Organised Retail sector, which positively impacts several stakeholders including - producers, workers, employees and consumers and Government and hence, the overall economy. In a true potential scenario, opening up of FDI can increase organized.....

FDI in Retail a Major Reform: CII

The Confederation of Indian Industry (CII) welcomes the Government’s decision to allow 51 per cent FDI in multi brand retail and 100 per cent in single brand formats in India. CII is of the view that FDI in retail will greatly boost organized retail in India and drive inclusive growth. .....