Changing scenarios in retail trade in India

By Gautam Khaitan and Arihant Jain, OP Khaitan & Co
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The retail industry is one of India’s most dynamic and fast paced industries. With several big players entering the market, India has emerged as the fifth most favoured destination for international retailers, outpacing the UAE, Russia, Indonesia and Saudi Arabia, and is among the top 30 emerging markets for retail. However, India’s retail sector is highly fragmented being run mostly by unorganized retailers while organized retail is at its nascent stage.

Gautam Khaitan Managing Partner OP Khaitan & Co
Gautam Khaitan
Managing Partner
OP Khaitan & Co

Indian corporate bigwigs such as Tata, Godrej, Reliance, ITC, Bharti, Mahindra, Wadia Group and Raheja are already involved the retail sector, while global players such as Walmart, Costco Wholesale Corp, Tesco, Carrefour, Metro, GAP, JC Penney, H&M, Karstadt Quelle and Sears/Kmart are expanding their presence.

Multi-brand retail in India is largely an unorganized sector which is generally dominated by neighbourhood “kirana stores”. Political parties and traders are concerned that these stores would be affected by the entry of global retailers.

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OP Khaitan & Co is a 40-lawyer law firm, based in New Delhi. Gautam Khaitan is the firm’s managing partner and Arihant Jain is a junior partner.

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Khaitan House

B-1, Defence Colony, New Delhi – 110 024, India

Tel: +91 11 4650 1000

Fax: +91 11 2433 7958, 4155 1590

Email: gkhaitan@opkhaitan.com

arihant@opkhaitan.com

Website: www.opkhaitan.com

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