India’s Food Retail Sector Takes a Breather 2013
Report Highlights:
After rising from an estimated 200 stores in 1995 to nearly 3,000 stores in 2012, the number of modernfood retail outlets in India dropped slightly over the past year. The drop seems to suggest that firms are still working to identify the best formats, improve supply chains, overcome debt, and deal with high real estate costs. The government’s September 2012 decision to allow foreign direct investment in the multi-brand retail sector subject to certain provisions has not generated new investment proposals.Foreign firms appear to be studying the provisions and the government recently clarified a number of the investment requirements.
