Business Daily from THE HINDU group of publications
Monday, Nov 13, 2006
ePaper


Mentor
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Mentor - Retailing
Columns - Sticklish Issues
Get Latest BSE Quote
Reliance enters retail

Responses to Sticklish Issues dated November 6

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

More Stories on : Retailing | Sticklish Issues | Reliance Industries Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Inclusive growth


Service tax on residential complex
Not a tough nut to crack
Learn to work with people
Beneficial concern
Search for job satisfaction
Responsible use of e-mail
Just Do IT
FBT on staff's family tour
Reliance enters retail
Books can stretch your mind irreversibly


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line