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India's Retail Industry

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India's Retail Industry
#21
better - http://in.rediff.com/money/2004/jul/30ril.htm
  Reply
#22
<!--QuoteBegin-Aryawan+Jan 22 2006, 08:14 AM-->QUOTE(Aryawan @ Jan 22 2006, 08:14 AM)<!--QuoteEBegin--><!--QuoteBegin-ben_ami+Jan 21 2006, 10:28 PM--><div class='quotetop'>QUOTE(ben_ami @ Jan 21 2006, 10:28 PM)<!--QuoteEBegin-->the ambanis are plaiinnig to invest about 1 billion usd in a retail chain.

which should be enough cbm for the goi to ask the walmarts to stay away.
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What happened to the Management mantra of finding and concentrating on your core-competency?

Ambanis' core competency seems to be to have a finger in every pie.

The tremendous clout they have in India will help them zip through the Indian beaucracy.

After Petrochemicals, Telecom, Gas stations, Power, now retail..............
[right][snapback]45312[/snapback][/right]
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the core compentency of guys like kapil dev and imran khan was EVERYTHING.
they were all rounders and good at everything they tried.

reliance is on its way to prove themselves as one of the most versatile players in the whole world.

remember that a cigerrette making company like ITC is into hotels big time, that a behemoth car manufacturing company like Toyota, is into soya bean processing (thats right).

the core competency bit applies to small time players and more than that its an indiavidual-centric mantra (ie. if someone is good with marketing and people skills he/she should not try and mess around with finance or techie stuff but conc on his/her strentgh instead)

once you are a birla or a tata or similar, the more you diversify the better - cos its risky for such behemoth companies to have all their eggs in one basket. else we could have an Enron in india !!
  Reply
#23
<!--QuoteBegin-ben_ami+Jan 22 2006, 08:24 AM-->QUOTE(ben_ami @ Jan 22 2006, 08:24 AM)<!--QuoteEBegin--><!--QuoteBegin-Aryawan+Jan 22 2006, 08:14 AM--><div class='quotetop'>QUOTE(Aryawan @ Jan 22 2006, 08:14 AM)<!--QuoteEBegin--><!--QuoteBegin-ben_ami+Jan 21 2006, 10:28 PM--><div class='quotetop'>QUOTE(ben_ami @ Jan 21 2006, 10:28 PM)<!--QuoteEBegin-->the ambanis are plaiinnig to invest about 1 billion usd in a retail chain.

which should be enough cbm for the goi to ask the walmarts to stay away.
[right][snapback]45274[/snapback][/right]
<!--QuoteEnd--><!--QuoteEEnd-->


What happened to the Management mantra of finding and concentrating on your core-competency?

Ambanis' core competency seems to be to have a finger in every pie.

The tremendous clout they have in India will help them zip through the Indian beaucracy.

After Petrochemicals, Telecom, Gas stations, Power, now retail..............
[right][snapback]45312[/snapback][/right]
<!--QuoteEnd--></div><!--QuoteEEnd-->

the core compentency of guys like kapil dev and imran khan was EVERYTHING.
they were all rounders and good at everything they tried.

reliance is on its way to prove themselves as one of the most versatile players in the whole world.

remember that a cigerrette making company like ITC is into hotels big time, that a behemoth car manufacturing company like Toyota, is into soya bean processing (thats right).

the core competency bit applies to small time players.

once you are a birla or a tata or similar, the more you diversify the better - cos its risky for such behemoth companies to have all their eggs in one basket. else we could have an Enron in india !!
[right][snapback]45318[/snapback][/right]
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Well that's not what Management Gurus say. If you want to be an international player in any business you need to concentrate on your core-competency or its related/syngergistic areas. Mittal steel is a good example..

Ambanis can become a big player in many businesses in India but if they want to be an international player then they need to concentrate on one business.

ITC in diversifying in to other areas which si following the global trend for all tobacco companies to diversify in to other areas, as tobacco is a bad business in future. Hence, they are diversifying in to businesses where they can leverage their brand management/marketing skills. Philip Morris has diversified in a big way into food processing...Kraft..

The reason for becoming a conglomerate in a country like India is that once you reach a certain size in a not so perfect market economy you can leverage your clout in other businesses or rather bulldoze your way in to any lucrative business.

Just my thoughts!
  Reply
#24
<!--QuoteBegin-Aryawan+Jan 22 2006, 08:32 AM-->QUOTE(Aryawan @ Jan 22 2006, 08:32 AM)<!--QuoteEBegin-->Ambanis can become a big player in many businesses in India but if they want to be an international player then they need to concentrate on one business.


[right][snapback]45319[/snapback][/right]
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points noted.

but the indian market is so huge that ambani or any other entity for that matter can NOT concentrate on just one or 2 sectors, (and have their fingers in many instead) and still be a internationally recognised heavyweight, if not an international player. cos a big player in the huge indian market = big player.

same with usa.

even if McD never had a single outlet outside usa, they'd still be a huge company.

besides ambanis are hardly the only ones to have many types of business interests. take tatas and birlas for example.

the catch could be a compro - ambanis can always be a national player in many sectors - yet they should go international with only their best one or 2 (eg. petrochem) businesses.
  Reply
#25
most successful reliance ops have been using the backward integration model. i think telecom was probably the first one which worked independently. i dont know about its profitability but atleast in Guj sector they are doing well. Retail similarly is totally new area, they will have to start from ground up.
  Reply
#26
they will have the first mover advantage in the retail sector.

not to mention that no one else can mobilise funds the way they can.
  Reply
#27
<!--QuoteBegin-ben_ami+Jan 22 2006, 09:14 AM-->QUOTE(ben_ami @ Jan 22 2006, 09:14 AM)<!--QuoteEBegin-->they will have the first mover advantage in the retail sector.

not to mention that no one else can mobilise funds the way they can.
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I thought the RPG group (Spencer's Hypermarket), Pantaloon Group (Big Bazar) and some south Indian groups have the first mover advantage.

Reliance's advantge is in raising funds as you have said rightly, with the ability to reach a critical scale faster than anyone.

Dhirubhai's policy was very simple " jo bhi karo dil khol ke karo'.

If only Reliance wants, they can take over the Indian retail market just a word of caution, be more fair and transparent with their small business partners and entrepreneurs and do not repeat Infocomm and Gas station fiascos....
  Reply
#28
Atleast in Guj as I said earlier there are a few already. V-Mart, Adani, Tata, Pantaloon, Pyramid are some examples. They all seem to be pretty well funded. Its going to be tough test for them.
  Reply
#29
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->If only Reliance wants, they can take over the Indian retail market just a word of caution, be more fair and transparent with their small business partners and entrepreneurs<!--QuoteEnd--><!--QuoteEEnd-->

<!--emo&Smile--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo--> we are talking reliance here.. <!--emo&Smile--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo-->
  Reply
#30
all those RPG and pantaloon, are small time players.

30-50 outlets with a few hundred crore turnover.

reliance is taking of setting the ball rolling with about 1 billion usd... more to come.
  Reply
#31
http://ia.rediff.com/money/2006/jan/27fd...&file=.htm
  Reply
#32
Nath hints at 100% FDI in retailing

A K Bhattacharya in Davos | January 27, 2006 12:18 IST

Foreign institutional investment could be outside the 51 per cent foreign direct investment limit approved by the Cabinet for the retail sector.

In other words, the total foreign investment in the retail sector could go up to even 100 per cent provided foreign retail companies sell products under a single brand. This was indicated by Commerce and Industry Minister Kamal Nath at a news briefing in Davos on Thursday.

Asked if FIIs were kept out of the FDI limit, would it mean that they could invest in the retail sector over and above the 51 per cent FDI, the minister said, "I see no harm in that."

Nath, who is here to attend the annual meeting of the World Economic Forum, and will also attend a WTO meeting of the world's trade ministers, said the decision to open the retail sector to FDI was aimed at bringing in more foreign investments and creating more jobs.

An estimated 100,000 more jobs would be created in the retail sector after the policy liberalisation, he said.

The minister clarified that all proposals for FDI in retailing would be cleared by the Foreign Investment Promotion Board.

The government's policy was to raise annual FDI flows into the country to $10 billion in 2006-07 compared with an estimated inflow of $7.5 billion in the current financial year. This level of FDI would also create 15 million more jobs, he said.

When asked if the Left was happy with the policy change, Nath said he did not see this as an issue. "I do not need to pacify the Left," he said.

Later, addressing a WEF session on trend-spotting in 2020, Nath argued that the hub of world economic activity was shifting from the Atlantic Ocean to the Indian Ocean. India's technological skills aided by its attractiveness as a manufacturing centre would make the country the hub of not only information technology, but also of manufacturing, he said.

Some of the sectors where India saw itself as establishing as a dominant player were engineering goods, chemicals, pharmaceuticals, biotechnology, leather goods and lifestyle products. The minister also brushed aside suggestions that politics could ever triumph over economics.
"Political success will lie in the art of facilitating faster economic growth through innovative policy intervention, rapid deregulation and infrastructure development. Good politics and good economics can accomplish this goal," he said.
  Reply
#33
dang.... i smell a rat.. is it possible nath, and the rest of congress have been bribed over by walmart and co, to ratify this bill??

cos till yesterday they were against it.
even iim professors are against it.
cpim with their increased clout at the centre was against it.

and now a U-turn.

it will ruin the small-time retail chains of india.

it will also rob indian players both private and public (the govt could do this too - in south east easian countries the govts run very brisk retail chains - a ration outlet like chain without ofcourse the charity bit) the chance of producing a few big corporate entities from the retail sector.


now the only way we will be able to turn things around is by using walmart and target a as a conduit - by ensuring that indian goods fight for shelf space with chinese goods in all western walmart outlets.
  Reply
#34
<!--QuoteBegin-ben_ami+Jan 28 2006, 08:48 AM-->QUOTE(ben_ami @ Jan 28 2006, 08:48 AM)<!--QuoteEBegin-->dang.... i smell a rat.. is it possible nath, and the rest of congress have been bribed over by walmart and co, to ratify this bill??

cos till yesterday they were against it.
even iim professors are against it.
cpim with their increased clout at the centre was against it.

and now a U-turn.

it will ruin the small-time retail chains of india.

it will also rob indian players both private and public (the govt could do this too - in south east easian countries the govts run very brisk retail chains - a ration outlet like chain without ofcourse the charity bit) the chance of producing a few big corporate entities from the retail sector.


now the only way we will be able to turn things around is by using walmart and target a as a conduit - by ensuring that indian goods fight for shelf space with chinese goods in all western walmart outlets.
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I don't think that Walmart can enter under 'single brand' route. Unless I have misread it.

Bribery is given........there is absolutely no doubt about it....what do you think...they are not here for charity.......
make hay while sun shines <!--emo&:devil--><img src='style_emoticons/<#EMO_DIR#>/devilsmiley.gif' border='0' style='vertical-align:middle' alt='devilsmiley.gif' /><!--endemo-->
  Reply
#35
for one i wish the commies had it their way.

dang... to think foreign companies pay our ministers fat bribe in swiss bank acounts to have our economic policies changed to meet THEIR needs !!!!
  Reply
#36
<!--QuoteBegin-ben_ami+Jan 28 2006, 09:05 AM-->QUOTE(ben_ami @ Jan 28 2006, 09:05 AM)<!--QuoteEBegin-->for one i wish the commies had it their way.

dang... to think foreign companies pay our ministers fat bribe in swiss bank acounts to have our economic policies changed to meet THEIR needs !!!!
[right][snapback]45748[/snapback][/right]
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I for one wish Reliance to succeed. At least they have genuine interests in India's development.

I believe that most foreign retailers will have a hard time in penetrating Indian markets except for few rich suburbs like Gurgaon, Navi Mumbai...

Remember, Walmart's success depends upon the ability of customers to take a car and fill in with all the junk they can buy. Where they will find such huge spaces in India? How many people in India have cars??

Regarding prime brand retailers, also, they will fall flat as Indians are very value conscious. They won't throw in money like Arabs to buy a Rolex, Louis Vuitton.

I feel that foreign retailers will fare terribly and soon exit from the nearest door.

Remember, India has the best capital productivity in the world not for nothing.

All foreign retailers will learn it hard way in India. May be they can learn few tips from Big Mac which serves maximum veggy burgers and no ham burgers in India.

Remember Indians are traders since BC, Prehistoric period.......they were the world's first traders ......in fact people from all over the world came to India to buy spices, silk, gems, textiles..........and other Indian goods....

They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.
  Reply
#37
i agree with you for the most part.

I for one wish Reliance to succeed. At least they have genuine interests in India's development.
yes. they do. more than the Tatas even. i wish they'll be successful in throwing the walmarts out
I believe that most foreign retailers will have a hard time in penetrating the Indian market except for few rich suburbs like Gurgaon, Navi Mumbai...
the retailers could go for costly goods - say 5 walmart outselts each in all top cities that only have tvs, vcrs etc
Remember, Walmart's success depends upon the ability of customers to take a car and fill in with all the junk they can buy. Where they will find such huge spaces in India? How many people in India have cars??
within 5 years the number of car owners will double - 1 lac rupee car is comming soon, cheap fuel alternatives will also come
Regarding prime brand retailers, also, they will fall flat as Indians are very value conscious. They won't throw in money like Arabs to buy a Rolex, Louis Vuitton.
i agree totally with u there
I feel that foreign retailers will fare terribly and soon exit from the nearest door.
that means all the indians who take up jobs in their companies have bad news in store.
Remember, India has the best capital productivity in the world not for nothing.
whats "capital productivity" exactly?
All foreign retailers will learn it hard way in India. May be they can learn few tips from Big Mac which serves maximum veggy burgers and no ham burgers in India.
yes, the outlets will have to be india-centric.
Remember Indians are traders since BC, Prehistoric period.......they were the world's first traders ......in fact people from all over the world came to India to buy spices, silk, gems, textiles..........and other Indian goods....
yes. we will take over the business of the world this century, by 2050 in fact
They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.
yes... we will pay them back with interest.. .. mittal just bought arcelo or whateevr its called
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#38
There isnt enough info available to make up our minds yet. But delaying MNC entry into India does sound like a good idea. Also gradually opening up FDI is another idea that can be used to train Indian retailers into setting up processes and giving them some early mover advantage.

Normal FDI logic doesnt apply to this area and some caution is just what the doc ordered. On one hand walmarts are not projected to be a huge %age of total retail in the country but on the other hand FDI in retail has a potential of affecting aam-aadmi a lot. Perhaps some studies can be done by GoI and a policy paper published on how the GoI intends to prepare the small retailers for the competition.
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#39
[quote=ben_ami,Jan 28 2006, 10:37 AM]
Remember, India has the best capital productivity in the world not for nothing.
whats "capital productivity" exactly?

That is return from the capital invested. India's growth vis a vis China is considered better in the sense that it has achieved more with less amount of foreign and other investments relatively.

(P.STonguelus chinese are spin masters. I was reading one news article that more than half of its foreign investments are nothing but recycling of its own laundered money)


I feel that foreign retailers will fare terribly and soon exit from the nearest door.

that means all the indians who take up jobs in their companies have bad news in store.

There will be no dearth of Jobs in India for hard working and intelligent people in coming future.

They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.

yes... we will pay them back with interest.. .. mittal just bought arcelo or whateevr its called

Not before EU will learn it hard way to accept brown skinned and inherently secular/humanistic Indians compared to machiavellian Chinese.
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#40
thanks for clarifying whats capital productivity.

and yes, the chinese FDI calculation is a lot of hogwash - they calculate inward remmitance as FDI for example.
using their formula, india's FDI is only about 10 billion less than china's


well, the chinese are doing us a favour. when india finally ARRIVES - by 2020 europe will be out of breath already. i see only usa and germany surviving, and perhaps russia.

the japs are to be lauded for single handdly keeping the flame alive since WW2.

the west is going to have to much on its plate - china, japan version 2.0, pension bomb, demographic problems, and islamic problems of both civil and millitary kinds.

india's challenges are from INSIDE.
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