The retail sector in India, ranked ninth largest in the world, has witnessed the entry of large domestic and international firms in retail projects. To supplement the country’s Foreign Direct Investment (FDI) reserves, Government of India (GOI) has partially opened up this sector to foreign entities for establishment of retail trade operations of ‘Single Brand’ products with FDI upto 51% and prior approval of GOI.
With the advent of new technology, additional warehouse capacity and reliable movement of goods across India, the growth of this dynamic sector over the next three years is estimated at US$ 427 billion.
The success of this diverse sector is primarily dependent on achieving efficiency in logistics and supply chain management. With state-of-the-art technology, logistics companies, an essential link between the various modes of transport viz. roads, railways, air, sea, and inland waterways, are seen to provide enhanced market access to meet the growing consumer demands of
