Comments
Mr Kishore Biyani, Managing Director, Pantaloon Retail (India) Ltd, said, “Opening up of FDI in multi-brand retail, among others, will help in attracting investments in crucial areas such supply chain management, setting up manufacturing facilities, introducing new brands and value added products, and creating more jobs.”
Mr Biyani emphasised that multi-brand retail formats do not compete with neighbourhood kirana stores as the latter have the capacity for only 300-400 stock keeping units (SKUs) whereas the former have capacity for 60,000 to 70,000 SKUs.
The Indian market, according to the promoter of a retail chains such as Big Bazaar and Pantaloons, is big enough for everybody – the small kirana as well as the big multi-brand retail chains – to thrive.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.