Consumer and Retail
India is turning into a major consumer market, with the domestic consumption likely to quadruple, making India’s economy the fifth largest consumer market by 2025. "India’s middle class population is more than 400 million and has a large amount of discretionary income to use in its consumption choices".

Facts about Indian Middle Class:

  • Young Wording Population.
  • Growing Disposable Income.
  • Increasing Willingness to Spend.
  • Rising number of nuclear families.
  • Increasing use of credit.
  • Rising number of working women.
  • Growing urbanization.

All these factors make India a lucrative destination for domestic and international companies in the retail sector.

Government support to the on-going growth in the market:

  • 4 per cent reduction in excise duty in 2008, helping the FMCG industry to grow.
  • Implementation of Goods and Services Tax (GST) by April 1, 2011 for a simplified taxation structure.
  • Recognition of some industries as priority sectors.
  • No need for industrial license for almost all food and agro processing industries.

Indian Retail Sector:

Indian Retail Market:

As per the facts available, India’s modern retail has been witnessing a significant growth in the past few years and is set to witness a sea-change. With over 1 Bn population and a middle class population of over 400 million, Indian retail industry comes as the preferred destination for many. Retail sector has also emerged as the second largest employer after agriculture and some global retail companies are already operating in the cash and carry (wholesale) format.

Government Initiatives to Support the Growth in the Retail Sector: The Government of India has introduced a number of measures to support the on-going growth rate in the retail industry.

  • Has decided to come up with 30 green-field mega food parks.
  • Has plans to roll out 50 cold chain networks, including refrigerated vans all over the country.
  • Food processing industries on priority sectors’ list for bank lending purpose.
  • Fruit and vegetable processing units completely exempted from paying excise duty.
  • Automatic approval for 100 per cent FDI for most of the processed food items.
  • Excise duty on ready to eat packaged foods and instant food mixes brought down to 8 per cent.

How We Can Help?

CO Globe offers the best-in-the-industry services to its clients, thus helping them to make the most of opportunities in the Indian market. With highly skilled consultants on board, We comes out with the following services to its clients to suit their unique requirements in the best possible manner.

  • India Entry Strategy.
  • Setting-up Green Field Projects/Acquisitions/JVs with Indian Companies.
  • Dealer Identification & Selection.
  • Sourcing Activities.
  • Partners of contract-manufacturing.
  • Supplier Market Analysis.
  • Identification & Selection of Vendors & Suppliers.
  • Marketing and Promotional Activities.
  • Focused Group Discussions.
  • Road Shows & Seminars.
  • Executive Search for the India Market.
  • Support Services (Incubation, Admin, Finance, Legal Regulatory and Statutory Approvals).

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