NEW DELHI, January 9 – BUSINESS STANDARD – The East India Retail Summit will be held in Kolkata this January 11 – 12, 2012. The region commands 20 percent share in country’s total retail and 9 percent contribution to total modern retail in India, making it priority geography for the national retailers’ scheme of growth. The event itself is being endorsed by brands like Bata, Coca-Cola, Spencers’, Future Group, Manyavar, Ambuja Realty, Starmark, Khadim’s, Longhorns, Turtle, GKB Opticals, and Baazar Kolkata among other brands. Besides this, the Images East India Retail awards to honour the best performing retail companies will also be announced at the event. – BUSINESS STANDARD – For the first time since the rollback of the retail foreign direct investment (FDI) decision, US-based retail major Walmart has spoken out, reiterating its faith in the India market. The largest retail chain of the world had maintained complete silence since the government put on hold the Cabinet decision to allow 51 per cent FDI in multi-brand retail. Walmart in a joint venture with Bharti Enterprises, told Business Standard it remained “optimistic and upbeat about India”. Walmart’s view on the India market assumes significance as the buzz on retail FDI has made a comeback. Top government officials have indicated the multi-brand FDI proposal is likely to be taken up once again after the assembly elections in five states get over. – BUSINESS STANDARD – A superior growth in the premium segment of late has attracted the likes of American bike maker Harley Davidson and Triumph Motorcycle of the United Kingdom to India, prompting them to develop two-wheelers to suit the buyer’s pockets of the emerging economy. Both companies, which are known for their iconic interstate cruisers, highway tourers and street-fast, high-engine capacity motorcycles, have now initiated plans to launch downsized models for the Indian market. They might retail this new (Indian) version in some of the other developing markets as well. – LIVEMINT – Prime Minister Manmohan Singh said on Sunday that the country’s economy would likely withstand an uncertain external environment to grow about 7% this fiscal year, lower than a revised forecast of about 7.5% growth issued by the government last month. – ECONOMIC TIMES – New York-based Chatwal Hotels & Resorts LLC will invest $200 million in India to open more than 50 hotels over the next five years. Chatwal, who is also chairman and CEO of Hampshire Hotels & Resorts, the management arm of Chatwal Hotels, is in India to explore the market. Chatwal and the Wyndham Group jointly run the 216-room Dream New York in midtown Manhattan, the 72-room Night Hotel also in Manhattan, a 195-room Dream Hotel in Bangkok and the 151-room Dream Cochin.
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.