Industry Academia Integrations
Both the domestic and international companies are poised for exceptional growth with key factors like nuclear families, increase in urbanization, encouraging demographics, purchasing capacity of consumers, preference of quality & branded products, rising expectations and strong acceptance to the online retail medium are driving the present retail positive scenario to exceptional heights. E-commerce has played a vital role here and today there are estimated 1 million online retailers (big & small) selling products on online portals as per IAMAI (internet and mobile association of India) and their online retail trade value exceeding approximately 13 billion USD in 2013. Also the FDI inflows in single brand retail trading have been steady at approximate 107 million USD till March 2014 as per Department of Industrial Policy and Promotion (DIPP). With the government initiating 100 % FDI in Single Brand Retail Trading (SBRT) and 51 % FDI in Multi Brand Retail Trading (MBRT). As per the present policy international retailers investing more than 51% can open showrooms & outlets across the nation on the term that 30% of their sourced sale would be from small & medium local firms. Further global retail chains will need to invest only 50 % of the compulsory initial investment of 100 million USD in setting up warehouses & cold storages in India.
Indian retail industry is growing by leaps and bounds not only in metro and big cities but spreading out to tier II and tier III towns and cities. India is ranked fifth in global retail destination today at around 490 billion USD and its retail market is expected to cross approximately 793 billion USD by the year 2017 and USD 865 billion by 2023 measured by a 6% Compound Annual Growth Rate(CAGR).
The future looks bright and optimistic for Indian retail, as it’s still an untapped & unexplored market for several international retailing giants to commence operations on the Indian turf. Also the economic & political sentiments have shown improvements in the recent past and the international markets have shown interests again, it’s the right and convenient time for Indian entry and expansion plans for international retailers. So include us in your local entry projects and we will initiate your India entry strategy through FDI and related regulatory approvals.
We work with retailers, brands, service organizations and suppliers to integrate them with the updated consumer goods supply chains. Clients have benefitted from our exposure and complex free solutions. Visions Ahead are offering innovative retail plans for startup assistance, performance, enhancement, assessment, and consumer insights. Competition rules the Consumerism world globally today and there is a constant strife among retailers to mange image among the clients. The consumer needs are rising and so there is a constant need for product manufacturers and retail sellers to innovate their products, strategies and services. In the uncertain market scenario the business models need regular upgrading, go to the market approach and out of box thinking. So you need comprehensive set of services and initiatives to respond to these diverse needs of the market. By formulating consumer friendly strategies, consumer insights and market driven approaches you can boost your business prospects through total customer satisfaction. We at Visions Ahead give you that unparalleled competitive edge by delivering end to end solutions through novel strategies and execution capabilities. By conducting extensive research for you, we deliver services that suits your needs best through our strategic features like business assessment, market opportunity assessment, analytics & analysis and research, retail model and proposition, rollout and operating model, financial & business plan, tie-ups & strategic partnerships and joint ventures and detailed assistance in acquisitions & mergers. At Visions Ahead, we welcome international retailers to initiate Indian chapters by entering here through FDI in Retail which the government has encouraged. We can smoothly facilitate their launch entry through suitable tie ups, legal formalities which can help in streamlining their base here through our expert guidance.
Retail today is an integrated part of the supply chain system. Today in the modern world retailing is increasingly done through online mediums, electronic payments and delivered through couriers. People have varied interest in buying Hard Goods, Soft Goods, Food products, and Arts from Department stores, Discount stores, Warehouse store, Variety store, Specialty store, Boutique, General store, Convenience store, Hypermarket, Supermarket, Malls to E-tailers. Visions Ahead provides one to one effective consumer ecosystem friendly retail consultancy through strategies, researches, insights across branding, marketing, sourcing, pricing
and SCM verticals.