The Indian economy will continue to be among the fastest growing economies in the world over the next decade, and is characterized by strong domestic consumption. Organized retailing, which is currently a low 3% (USD 7.5 billion) of the total retail market, is poised to grow much faster accounting for 10% (USD 40 billion) of the retail market by 2011. This presents huge opportunities for modern retail concepts and formats with regard to every product category.
Next Practice Retail has been created with a view to innovate & incubate next practice retail businesses, covering the entire process from concept development, launch to business rollout and M&As. It has been founded by three experienced, pioneering professionals with a proven track record who believe that India needs to, and is a position to develop Next Practice Retail rather than the best practices of global retailing.
R. Sriram, Rama Bijapurkar & S. Raghunandhan
Founders
Next Practice Retail |
