Retail
RLS 2014 commenced with the inaugural speech delivered by Mr BS Nagesh, Chairman,
Retailers Association of India (RAI).
Aligning with the core theme of the summit
“Retailing in Emerging Markets”, the speech was focused on the evolution that the Indian retail market witnessed in the last 10 years.
business expansion. Some retailers have used the slowdown of 2010-2013 to rectify the mistakes. More importantly, there are now thousands of companies and sub-segments of industry who have joined the retail
“Entrepreneurs in retail should build businesses because they see value, not valuation” – B S
Nagesh, Chairman RAI,
Founder, TRRAIN bandwagon,” said Nagesh.
“Amongst the top 5 companies in every country, there is at least 1 retail company. The time will come when an Indian retailer too will feature amongst the top 10 retail companies in the world.” He added.
The politics of Retail
Retail is Value
“The last 10 years has seen positive and negative changes. There has been growth and in some cases, it has tipped into aggressive
“Whichever government comes to power, retail will benefit. If, after elections in May 2014, the government moves for FDI –5% of retail which is organized retail will benefit. In the Long term, the 95% of retail which is not part of
Modern Retail will still benefit. And if, after May
2014, the government chooses to defer FDI, the sector will still grow”, he noted.
The next 5 years are likely to be golden years in terms of consumption he said. RAI believes that from the learning of last 10 years, the next 5
years are golden years in terms of growth and opportunity. Do not build a business for FDI
“Entrepreneurs in retail should build businesses because of the market opportunity, not because of valuation” he said. It’s important that the people who build businesses focus on value,
NOT valuation.
What will change
There are few major changes that we expect.
One is the presence of online.
Retailers Association of India (RAI).
Aligning with the core theme of the summit
“Retailing in Emerging Markets”, the speech was focused on the evolution that the Indian retail market witnessed in the last 10 years.
business expansion. Some retailers have used the slowdown of 2010-2013 to rectify the mistakes. More importantly, there are now thousands of companies and sub-segments of industry who have joined the retail
“Entrepreneurs in retail should build businesses because they see value, not valuation” – B S
Nagesh, Chairman RAI,
Founder, TRRAIN bandwagon,” said Nagesh.
“Amongst the top 5 companies in every country, there is at least 1 retail company. The time will come when an Indian retailer too will feature amongst the top 10 retail companies in the world.” He added.
The politics of Retail
Retail is Value
“The last 10 years has seen positive and negative changes. There has been growth and in some cases, it has tipped into aggressive
“Whichever government comes to power, retail will benefit. If, after elections in May 2014, the government moves for FDI –5% of retail which is organized retail will benefit. In the Long term, the 95% of retail which is not part of
Modern Retail will still benefit. And if, after May
2014, the government chooses to defer FDI, the sector will still grow”, he noted.
The next 5 years are likely to be golden years in terms of consumption he said. RAI believes that from the learning of last 10 years, the next 5
years are golden years in terms of growth and opportunity. Do not build a business for FDI
“Entrepreneurs in retail should build businesses because of the market opportunity, not because of valuation” he said. It’s important that the people who build businesses focus on value,
NOT valuation.
What will change
There are few major changes that we expect.
One is the presence of online.