The recent trend of investments globally has shown a marked tendency to be guided by markets themselves rather than considerations of efficiency while deciding investment destinations. India’s rapidly expanding economy and vastly improved consumer outlook, coupled with expectations of overtaking China long unsurpassed growth rate have made it a favourite for investors worldwide.
The retail market in India can be classified broadly into the organized sector, consisting of conglomerates and chain stores, registered with and paying tax to the government and the unorganized sector, mainly comprising family owned Kirana stores. Recent changes in the Political arena and increased Foreign Direct Investment aim at providing a structural framework, intending to consolidate the fragmented retail industry.
India is also expected to emerge as a sourcing base, being low cost and abundant supply of raw materials. The proliferation of the Internet and changing spending habits of Indians have led to the meteoric rise of the E- Commerce industry in India, which is expected to grow to be in the range of 22 billion USD in 2015 according to an estimate by PWC and the industry as a whole is poised to double in value to 1 trillion USD up from 600 billion USD in 2015 .
Though the Retail Industry faces various challenges on account of the diverse demographic, issues with supply chane resulting in massive wastage and issues with the constantly changing regulations, the outlook has never been as positive as it is now with a number of International chains evaluating the market and assessing their ability to set up shop in India.
We, at Khare Legal Chambers have an extensive and deep rooted knowledge of the complex bureaucratic and legal hurdles likely to be faced while entering this new and ever expanding market and can help ease the process of entry or expansion and deal with any related legal issues in this complex environment through our dedicated staff possessing unmatched expertise in this field.
Price Waterhouse Cooper, ” (Https://wwwpwcin, ) <https://www.pwc.in/en_IN/in/assets/pdfs/publications/2015/ecommerce-in-india-accelerating-growth.pdf> accessed 15 June 2015
Boston consulting group, ” (www.bcgindiacom ), <http://www.bcgindia.com/documents/file181823.pdf> accessed 15 June 2015