I360 Weekly digest 4th july to10th july

450 views

Published on

i360 Staffing & Training Solutions is a vocational training institute started in 2008 with the aim of reducing the gap between employers’ expectations and the available talent pool, by providing necessary training to improve employability.

i360 is an eminent name facilitated by the promoters of Unicon Investment Solutions. With number of operational centres across India & constantly expanding, i360 is a fast paced Training Solutions Company, offering industry specific custom designed courses to the students/ corporates.

Our courses have evolved after intensive R&D and market research. Since we understand the requirement of the organizations and capabilities of the students, therefore, we try to bridge the gap between the employer and the employee. Students can experience effective and easy learning at i360.

We believe in following stringent and unimpeachable principles. With the distinctive mixture of right aptitude, motivated and devoted team we yearn to serve world class qualitative education. Their skill and dedication is adding to the success of the company. i360 also assures bright career assistance to every promising student.

Considering the continuous and remarkable growth in Finance & Accounting, Retail sectors, i360 is offering different courses in Financial Accounting, Retail Management, Call Centre Training, IELTS, Career Development, Spoken English and various other courses for corporates.

"There are plenty of employment opportunities available and they are expected to grow faster than the average." Ms. Sonia Nagpal cited a study by ICRA, which states that up to 25 crore(rpt) skilled workers would be required over the next 12 years to cater to the demand in 20 high-growth sectors and the unorganized segment.

Companies want to recruit employees with proficient managerial and communication skills. Therefore, keeping these points in mind i360 is offering various courses to the students and corporates. After completion of these courses one can explore the opportunities available in the market. In the learning atmosphere of i360 student can groom their personality and learn many fruitful things under the guidance of competent and resourceful faculty.

i360 does have multilevel corporate engagements; starting from student placements to trainings to academic endorsements. All these associations directly or indirectly add value in a student's career. Presently, students of i360 are working with brands like Vodafone, Airtel, Pantaloons, Haldirams, Unicon, Asian Paints, Erricson to name a few…

Join us on Facebook: http://www.facebook.com/i360Institute
Follow us on Twitter: www.twitter.com/i360staffing
Connect with us on linkedin: http://www.linkedin.com/company/i360-staffing-&-training-pvt.-ltd.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
450
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

I360 Weekly digest 4th july to10th july

  1. 1. 4th JULY – 10th JULY Evol Evolution of Indian Retail Industry etail Indian Retail Industry is standing at its point of inflexion waiting for the inflexion; boom to take place. The inception of the retail industry dates back to time where retail stores were found in the village fairs, melas or in the weekly markets. These stores were highly unorganized. The maturity of the retail sector took place with the establishment of convenience retail place stores in the locality. With the government intervention the retail intervention, industry in India took a new shape. Outlets for Public Distribution System,cooperative stores and Khadi stores were set up. These retail stores demanded low investments toresfor its establishment.The retail industry in India gathered a new dimension with the setting up of the differentinternational brand outlets, hyper or super markets, shopping malls and departmental stores. yper artmental Key Players in the Indian Retail Sector:The untapped scope of retailing has attracted superstores like Wal Mart into India, leaving behind Wal-Martthe Kiranas that had been serving us for years. Such companies are basically IT based. The other ingimportant participants in the Indian retail sector are Bata, Big Bazaar, Pantaloons, Archies, Cafe mportantCoffee Day, Landmark, Khadims, Crossword to name a few. andmark, Crossword, Retailing in India: A forecastFuture of organized retail in India looks pretty bright. According to theUnion Minister of Commerce & Industry, Shri Kamal Nath, the organizedretail sector is expected to grow to a value of `2,00,000 crore (US$45billion) and may generate 10 to 15 million jobs in next 5 years. This canhappen in two forms- 2.5 million of these people may be associateddirectly with retailing and the rest 10 million people may be gainfullyemployed in related sectors that will be pulled up through the strongforward and backward linkage effects.
  2. 2. The India Retail Industry: Whos Who?Big Bazaar- Big Bazaar is a chain of department stores owned by thePantaloon Group (Future Group) and headed by Kishore Biyani and )headquartered at Mumbai. It offers all types of household items suchas home furnishing, utensils, fash fashion products etc. It has a grocerydepartment and vegetable section known as the Food Bazaar and itsonline shopping site is known as FutureBazaar.com. The real estatefund management company promoted by the Future Group expectsto develop more than 50 projects across India covering a combined area of more than 16 million jectssq. ft.Bharti Retail- A wholly owned s subsidiary of Bharti Enterprises has announced two jointventures (JV) with the international retailing behemoth, Wal Mart. The first JV ensures cash and Wal-Mart. carry business, in which 100 percent FDI is permitted and it can sell only to retailers and distributors. The second JV concerns the franchise arrangement. Sunil Mittal Chairman of Mittal, Bharti Group assured that the ventures will use “low prices every day” and “best practices for the satisfaction of the customer”. Processed food and vegetables will be delivered by Bharti Field Fresh, Bhartis JV with Rothschild. Bharti Retailaims to foray every city with a population exceeding 1 million. It has plans to come up with aninvestment of more than $2 billion in convenience stores, supermarkets and hypermarkets spreadover an aggregate 10 million sq. ft.Reliance Retail- Reliance claimed last year to start a retail chainthat will be unique in size and spread, will lead to the welfare ofone and all ranging from Indian farmers, manufacturers andultimately consumers. It is known as Reliance Retail Ltd (RRL) and Ltd.is a 100 percent subsidiary of Reliance industries Ltd (RIL). y Ltd.Reliance Retail has plans to open 4,000 outlets across 1,500 townsfor an investment of $5.6 DLF Shopping Malls DLF Retail Developers Ltd. is one of the part of the DLF Group. Malls- Besides being Indias largest real estate developer, DLF is also of the leaders in estate innovating shopping malls in India. It caught public eye when it launched the 2 2, 50,000 sq ft. shopping mall in Gurgaon. It has brought a dramatic change in the lifestyles and entertainment with its City Centres and DT Cinemas. DLF has plans to invest `2000-3000 crore in all the emerging areas from metros to A class cities in the 3000 next two years. Till last year the company was involved in building 18 malls out of ars.which 10 were in the NCR region. Future plans of DLF involve opening up of 100 malls (specialtymalls, big box retailing and integrated malls) across 60 cities in next 8 10 years. 8-10
  3. 3. E-Retailing in India RetailingE-retailing, most commonly known as e retailing, e-tailing isnothing but shopping through the internet andother media forms. There are many things that arecommon between direct retail stores and onlineretail stores. Both have the process of bi billing of thecustomers and have to maintain a relationshipwith the suppliers.Bottlenecks Faced By E-Retailing in India Retailing • Problems with the Payment SystemPeople in India are not used to the online shopping system and moreover the online paymentsystem through the credit card is also totally alien to them. Most of them do not avail of the ughtransaction facilities offered by the credit cards. They are also dubious regarding the onlinepayment system through the credit cards. Hence different payment options sho Hence, should be madeavailable to them like the credit card, cash on delivery and net banking to give them furtherassurance. • Problems with ShippingThe customers using the online shopping channel should be assured that the products that theyhave ordered would reach them in due time. For this the retail companies have resorted to ach this,private guaranteed courier services as compared to postal services. • Offline presenceThe customers should be assured that the online retailers are not only available online but offlineas well. This gives them the psychological comfort that these companies can be relied upon. • Products offered at discounted ratesThe online retailers save on the cost of building and employee salaries. Some part of this benefitshould also be enjoyed by the online customers by a reduction in the price of the product. The ecustomers should be conveyed this message that they are getting the products at a discountedprice.
  4. 4. • Language Problem Most internet retail shops use English as their mode of communicatio communication. English may not be comprehensible to the majority of the Indian population. To increase the customer base, content in the online retail shops should be provided in local language. Another reason why the concept of e retailing or online retailing has not e-retailing gained prominence in India is that the Indians prefer to touch the products physically before buying them. This facility is provided through the multi multi- brand outlets, not available online. Studies have revealed the preferences of the customers towards the traditional shopping methods. Hence the retailer Hence,online should first make it a point to spot the potential customers and accordingly plan out theproduct. If the customers are more open to online shopping, then nothing can be more beneficial.They save the time and effort to visit, departmental stores, shopping malls, etc. products can be edelivered by a click of the mouse.Another problem is that the retail industry is standing on its point of inflexion and considering itsinfant stage, it would take time for the new concept of e e-retailing to take off. • Some online retailing sites in IndiaE-Bay is heading the race of online retailers. In this race it has become very difficult to determine Baythe online retail store that makes the products available at convenient and cheap rates. From thisvery difficulty has cropped up comparison sites. Comparison is done on the basis of an index Comparisonwhich is constructed from the data available from different shopping sites. The bechna.com andthe ultop.com are such sites though many more sites are entering this zone.The comparison sites not only help to choose the online sites that would be providing the bestdeal but also offline as well. Sites like Rediff product search, Compareindia.com have constructed ndia.comthe data that is taken from the conventional local retai ers. These sites help the customer in retailers.finding out the local retail store that will best suit his purpose. • Future of E-retailing in India retailingThere are divergent views on the future of e retailing in India. Some experts are of the opinion e-retailingthat the giant, big brand retailers would dominate the small ones due to their wider investment theircapacities. It would be next to impossible for the small retailers and the Kiranas to prove their iranasexistence in the battlefield of online retailing. Another viewpoint is that there would be anexponential growth in the online retailing business in India.

×