'Indian retail market has tremendous growth potential' - Hindustan Times
close_game
close_game

'Indian retail market has tremendous growth potential'

PTI | By, Mumbai
Jan 29, 2009 07:41 PM IST

The Indian retail market has a tremendous growth potential and has not been affected by the on-going global recession, a leading retailer said.

The Indian retail market has a tremendous growth potential and has not been affected by the on-going global recession, a leading retailer said.

HT Image
HT Image

"The Indian retail sector holds an immense potential and has not been affected by the ongoing global recession. Several international brands are entering the market and this will help expand the market further," Future Group Director Rakesh Biyani told PTI in Mumbai.

Hindustan Times - your fastest source for breaking news! Read now.

Presently, window-shoppers were fewer in number as compared to the past. However, the serious shoppers still continued to flock to malls and other retail stores, he said.

While there was a perception that footfalls at malls and other big retail outlets had declined recently, Biyani said that "footfalls depend a lot on factors such as what best a retailer offers to his customers during times when he or she is not willing to spend much."

On his group's expansion plans slowing down, Biyani said that this was due to some of the malls not coming up on time. "Our expansion plans have been affected by this," he said.

"Today, we are open to setting up stand-alone stores or in either malls or high streets. We have a team that focuses on market opportunities and it is currently working on our plans," Biyani said.

Earlier, speaking at a session of the India Fashion Forum being held here, he said that retail players should first attempt to create awareness in the market and then aspire for other things.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business Newsalong withGold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, February 26, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On