All India articles – Page 5
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AnalysisInternational analysis: Ikea’s plans to enter India win cabinet approval
Ikea’s proposals for market entry into India have been approved by the Cabinet Committee on Economic Affairs.
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H&M moves closer to Indian debut
H M is moving closer to its Indian debut. Having consulted the Indian government, the value fashion retail giant is likely to propose an initial investment of around INR700 crore (£85m) in the country. H M said it would comply with the investment rules for single-brand retailing, including the ...
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AnalysisInternational analysis: Flipkart goes head-to-head with Amazon in India
Indian ecommerce group Flipkart has launched its long-awaited Marketplace platform for third-party sellers.
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Bharti Walmart puts Indian expansion on hold
Walmart’s joint venture in India, Bharti Walmart, has put its expansion plans on hold as a result of an anti-bribery probe into the grocer’s investments and operations in the country. A Bharti Walmart spokeswoman said: “There had been some delays in store openings as the company developed and implemented enhanced ...
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News
H&M considers India store openings
H M is considering opening stores in India to tap into growing opportunities after recent government liberalisation measures. H M said it was preparing to apply to launch wholly owned subsidiaries in the country. It aims to cater for a growing urban middle-class keen for Western-lifestyle products. In a ...
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Spar International to return to India
Spar International plans to return to India by the year-end. Managing director Gordon Campbell said the retailer is in talks with a number of regional chains to sign licensing agreements. He said India is a crucial market for Spar and the company is seeking multiple partners for different regions. ...
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Zara's Inditex Trent posts first half profits
Zara’s Indian business, Inditex Trent, has posted profit in two of the three years it has been in the market. In the first half of 2012, Inditex in India made profits of INR383m (£4.5m) and INR225m (£2.66m) for the previous two financial years, documents filed with the registrar of companies ...
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OpinionComment: India remains challenging despite relaxation of rules
This week’s Retail Leadership Summit in India showed the playing field remains as level as it ever was between multinationals and Indian retailers, but that the turnstile is open.
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US clothing retailer Gap prepares to enter India
US clothing retailer Gap is preparing to enter India in 2014. Rajiv Malik, general manager for sourcing in India, would not confirm whether Gap planned to enter the market on its own or with a local partner.
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Uniqlo to team up with Arvind Lifestyle Brands
Fast Retailing’s Uniqlo banner is to team up with Arvind Lifestyle Brands to build a $1bn (£631m) business in India by the end of the decade. The Times of India reported that Fast Retailing is finalising an equity joint venture to further expansion in the growing Indian market. A ...
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Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers. At present Decathlon only operates a handful of wholesale operations in India. The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the ...
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Electricals chain Reliance Digital aims to ramp up store count
Consumer electricals chain Reliance Digital is aiming to ramp up its store count from 104 to 500 by March 2014. To strengthen back-end operations, the company plans to up its warehouse count from 21 nationwide to one in every state.
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Walmart India spends $25m (£15.5m) on lobbying activities
Walmart in India has spent $25m (£15.5m) since 2008 on lobbying activities to facilitate its entry into the country, the BBC has reported. The revelation sparked angry exchanges in India’s parliament. The opposition Bharatiya Janata Party called for an investigation into Walmart’s lobbying.
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Foreign Investment Promotion Board deals Ikea India a blow
Ikea’s application to enter the Indian market has been dealt a blow by the government’s Foreign Investment Promotion Board (FIPB), The Economic Times reported. The FIPB, which approved the retailer’s application last week, has blocked Ikea from setting up its Swedish food markets or restaurants within its stores. FIPB ruled ...
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Walmart takes action over corruption probe
Walmart has suspended several associates of its joint venture company Bharti Walmart as part of an ongoing corruption probe. Walmart has not disclosed the nature of its inquiry or the specific allegations it is looking into.
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Flipkart adds one-click payment service to website
Etailer Flipkart has added a ‘Save Cards’ feature to its website, allowing customers to check out with a one-click payment. It has been reported that the retailer has built its own payment gateway to store card details, allowing Flipkart increased control over the user experience. The new one-click ...
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Walmart to team up with small and mid-level Indian suppliers
Walmart plans to team up with small and mid-level suppliers in India on sourcing various product categories. The partnership arrangement will enable the retailer to create private labels that will be priced as much as 10% to 15% lower than established brands. Private labels are already being sold in its ...
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NewsIndian foreign investment law relaxation opens the door for Tesco
A relaxation of the laws on foreign direct investment (FDI) in India has opened the door for Tesco to trade under its own brand in the country for the first time.
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Gap plans to enter Indian market
Gap is conducting market research as part of a plan to open a retail business in India. Details such as how many stores will open and how much Gap may invest are likely to be decided early next year. Gap spokeswoman Edie Kissko said: “India is one of the ...
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Migros to open New Delhi office
Migros is to open an office in New Delhi to source Indian goods without intermediaries. The initiative is in line with Migros founder Gottlieb Duttweiler’s belief in cutting out intermediaries in favour of lower selling prices. Migros has had its own procurement offices in Hong Kong and Shanghai since 1995, ...