FICCI

Lalit Kumar, CEO and director of Ebony Retail is joining Vishal Retail Ltd as president, retail. Kumar is expected to assume office at Vishal Retail by May 12.Kumar has been instrumental in getting Gautier, French furniture major, to India...

Responding positively to the suggestions by Federation of Indian Chambers of Commerce and Industry (FICCI) to encourage the private sector to foray into agriculture, the minister for agriculture and consumer affairs, food and public distribution, Sharad Pawar, assured them...

With corporate companies entering the agri-market and launching retail outlets in fruits and vegetables, Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested changes in the Agriculture Produce Marketing Committee (APMC) Act to “empower the private sector...

FieldFresh Foods Pvt. Ltd, the joint venture between India’s Bharti Enterprises and Del Monte Foods India Pvt. Ltd, signed a memorandum of understanding (MoU) with Italy’s Cermac Consortium to boost its supply lines in fresh and processed foods from...

With packaging playing an important role in the country’s food processing sector including retail, Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested a nine-point incentive package to boost competitiveness, including zero import duty on packaging machinery.In...

Even before the findings on retail trade by Indian Council for Research on International Economic Relations (ICRIER) have been made public, contradictory reports have begun appearing in the media.The ICRIER was commissioned by the Prime Minister’s Office (PMO) at...

Bharti Retail, a unit of Bharti Enterprises, which has a tieup with top American retailer, Wal-Mart, plans to open its first outlet by March 2008 and has drawn up plans for recruiting 60,000 personnel nationwide and provide them training,...

The retail sector which is emerging as one of the most dynamic and fast paced industries in the country accounting for over 10 percent of India’s Gross Domestic Product (GDP), is expected to grow by 9.5 per cent annually,...

Indian industry is deeply apprehensive about the slowing down of the growth momentum with the outlook for exports, investments, employment and profit taking a severe hit, says a FICCI survey.Business Confidence Survey (BCS) by FICCI revealed that the Overall...

Joining the bandwagon of big corporate houses entering India’s burgeoning organised retail market, real estate major Parsvnath Developers announced its foray into the sector with hypermarket format.The company has incorporated a subsidiary Parsvnath Retail Limited for its new venture,...