Mr Satyender Jain, Minister of Industry, Health and Power Government of NCT of Delhi while inaugurating the CII Delhi Retail Summit, said there is a need for Delhi to have specialized shopping zones for different products to enhance the overall shopping experience in the city. He further stated that the retail in Delhi has a lot of potential, which needs attention in terms of customer satisfaction.
Minister Jain urged the Retailers in Delhi to be more competitive in terms of pricing, which will in turn increase sales for them. Retail sector in Delhi has potential to grow up to three times even though there is tough competition from the online segment. Delhi has tremendous scope for growth in the area of Health, Education and Retail Sector. In the coming years, the State Government is planning for infrastructural development to provide competitive price on rental space compared to the neighboring States to promote retail sector in Delhi, further added Minister Jain.
Mr Ankur Bhatia, Past Chairman, CII Delhi State Council, and Executive Director, The Bird Group while delivering the remarks, said with increase in urban population and changing consumer behavior, Delhi has a lot to look forward in terms of Retailing in Delhi. He added that the Retail development in the city has largely been scattered with numerous small shopping zones mushrooming all across the city which need to be organized through single ownership for better management and experience. He also emphasized the need for organizing an annual Delhi Retail Festival.
Retailing as an industry in India has provided great advantages to the economy. Apart from providing good employment opportunities, retailing has also ensured that global brands reach the consumers. He also said that retailing continues to be a good business model across the country and also stressed on the need for single ownership of malls for better management. Retailing will play a major role in the success of manufacturing and growth of allied industries, said, Mr Anshuman Magazine, Past Chairman, CII Delhi State Council, and; Chairman and Managing Director, CBRE South Asia Pvt. Ltd.
Dr Alka Kaul, Chairperson, CII Delhi State Council and Director, Horizon Industrial Products Pvt. Ltd. stated that riding on the back of a strong GDP and low unemployment rate, Delhi has a lot to achieve in the coming times and retailing will play a major role it. With a huge customer base from various countries and backgrounds coming to Delhi it is undoubtedly a good destination for retailers to start and expand their business in the State.
The Summit also saw various leading Retailers and Institutions coming together for a day. Other eminent speakers at the Summit were Ms Deepti Goel, Head, Ambience Mall; Mr Pranay Sinha, Managing Director, STARCENTRES; Mr S K Sayal, Managing Director and CEO, Bharti Reality; Mr Devganshu Datta, Chief Executive Officer, Third Eyesight; Mr Munish Baldev, Head of Retail, Unitech Group; Mr Yogeshwar Sharma, Chief Executive Officer, Select City Walk; Ms.Dinaz Madhukar, Senior Vice President, DLF Luxury Retail & DLF Promenade; Mr Rahul Singh, Chief Executive Officer, The Beer Café; Mr Prasanjit Singh, Owner, Studio Gourmet; Mr Krishnan P, Head of Buying - Men’s Division, Flipkart; Ms Asheeta Chhabra, Head-Business Development, Chhabra Triple Five Fashions Pvt. Ltd.; Ms Manjula Tiwari, Chief Executive Officer, Future Style Lab. Etc.
New Delhi
July 31, 2015