|
|
'Retail will be growth driver for mfg, warehousing'
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 30 Apr, 2016
The retail industry will prove
to be a huge growth driver for the warehousing as well as manufacturing
industries in the future and social media is playing a big role in this,
a top government official said in New Delhi on Friday.
"There is a huge
growth in the Indian retail and e-retail sector. The retail industry
will prove to be a huge growth driver for the warehousing as well as
manufacturing scenario. It is good news as it will help create huge job
opportunities for the youth," said Atul Chaturvedi, joint secretary,
department of industrial policy and promotion.
"There is a big
role that the social media is playing today where retailers as well as
consumers are expressing themselves," he said at the fifth edition of
the Indian Retail Congress 2016 organised by Franchise India that
started on Friday.
"Today, customers are changing and because of
new technologies, companies are getting better ideas and ways to serve
and reach them. They do not care whether their experience is online or
offline. It is the product that matters to them," said Ritu Marya,
editor-in-chief, Franchise India.
Talking of trends, Krish Iyer,
president and chief executive, Walmart India, said the entire growth
strategy will depend on manufacturing in India and that's where the
'Make in India' initiative by the Indian government will come into play.
"Manufacturing's
contribution to 25 percent of the gross domestic product will help us
grow and in the process create jobs for one million youth of India. Also
the recent policy announcement by the government for the e-commerce
marketplace was much required as this helps create a level playing
field. Another announcement was the 100 percent foreign direct
investment in food marketing which will open the market further," he
added.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|