Pia Heikkila, The National Mumbai, April 15, 2012 An average apartment, basic amenities and interiors in need of modernisation, is for rent in Worli Seaface in Mumbai. "The apartment is suitable for a family or company executives," reads the property agent's blurb. Monthly rent? A mere US$17,000 (Dh62,442). It's even worse for those Mumbaikars daring to dream of buying their very own home. According to various agents, anyone with a budget of less than half a million dollars for a small one/two-bedroom apartment will be priced out of south, central and west Mumbai all together. That seems quite lot in…
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Janees Reghelini , Retail Today Mumbai, April 2012 Once again the Central Government doesn't seem to have listened to retailers' calls. Janees Reghelini analyses this year's budget. Modern retail might be growing fast, but it is now starting to face considerably more obstacles than it did in its nascence. It is also having a much wider impact on India’s economy. “Traditionally, retail has been known to be one of the largest employment generators in the world. For a country like India this is the biggest advantage. Policy changes by the government, for example, will open up strategic investment opportunities for…
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Sarah Jacob , The Economic Times
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Writankar Mukherjee and Sarah Jacob , The Economic Times Kolkata/Bangalore, March 23, 2012 So what if they are in their late sixties, the Ghoshs have a weekly ritual of tucking into burgers and fries mostly at the McDonald's outlet in Kolkata's Mani Square mall. The couple, whose children are settled abroad, often proceed to unwind with friends at a cafe later. "Its a nice feeling to hang out in places. You feel young at heart, can spend time without interruption and the food is yummy," Indranil Ghosh, a retired banking executive, says while his wife Meera, a retired schoolteacher, is…
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Shweta Jain, Indiaretailing.com Mumbai, March 14, 2012 The session on “Workwear Market Scenario in India” on the second day of the ongoing InFashion 2012 at Mumbai focussed on the consumption potential of the workwear segment and highlighted how the general attitude towards “uniformed people” has to change for the category to evolve. The panelists said that though the consumption of workwear in the country is low, it has a lot of potential to multiply. A six-member panel discussion moderated by Devangshu Dutta, Chief Executive, Third Eyesight, revealed the necessity to follow three main actions – identification, branding and uniformity –…
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