Business Daily from THE HINDU group of publications Monday, Nov 13, 2006 ePaper |
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Mentor
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Retailing Columns - Sticklish Issues
Industry giants like Reliance Industries entering the retail segment does not amount to a retail revolution; it could in fact adversely impact the retail sector. A large number of people depend on retail trade of consumables for employment and livelihood. Under such circumstances, Reliance entering the sector is not a welcome development. T. R. Anandan, Coimbatore The Rs 25,000-crore retail venture of Reliance industries is a bold initiative. The first agri-retail outlet was opened in Hyderabad. If successful it could help farmers and benefit consumers. The news has affected competitors too. It has been reported that established players in the fruits and vegetables sector are negotiating with foreign companies to start joint ventures. So this could turn out to be `a retail revolution in the making.' A. Jacob Sahayam, Thiruvananthapuram Entry of industrial giants into the retail industry is welcome because it ensures quality goods at competitive rates. Only such ventures can withstand competition from foreign retail chains such as Wal Mart, which are sure to set up shop in India soon. This will also facilitate easy collection of increased revenue by the State with the presence of giant stores all over the world, prices will be brought down to affordable levels for the poor masses. Time will not be far away for Indian giants acquiring or establishing joint ventures with their giant counterparts abroad. T. S. Sundareswaran, New Delhi Retail has become the `in thing'. With an exploding population, higher incomes and nuclear families, mega retail outlets will become a necessity. The kirana shops may survive, but their numbers will diminish. With the mall culture and plastic money catching up, the gen-next will push the retail revolution to further heights. S. Krithivasan, e-mail The country is witnessing a new culture of consumerism that seems to have caught on with the middle-class. Consumers are looking for a shopping experience that is different and pleasurable. Malls are replacing the old fashioned shops. Even the super markets are transforming themselves into hyper-markets to satisfy the hi-tech young generation. This requires huge financial outlay, expertise and manpower, which the corporate sector can provide. The consumer will benefit from competitive prices and availability of quality goods. S. Nallasivan, Tirunelveli If Reliance and other such companies are able to supply quality goods under one roof, surely their attempt to open retail outlet will be successful. V. Venkitasubramanian, Kochi
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