ET Now brings retail heavyweights on Brand Equity ‘I-Day’ Special
English business news channel ET Now will be airing a special episode on the eve of the 64th Independence Day, featuring the heavy weights of the Indian retail industry, who will discuss FDI participation in the Indian retail sector and the impact on FMCG manufacturers.
English business news channel ET Now will be airing a special episode on the eve of the 64th Independence Day, featuring the heavy weights of the Indian retail industry, who will discuss FDI participation in the Indian retail sector and the impact on FMCG manufacturers.
The big names of participating in this discussion are: Adi Godrej, Chairman, Godrej Group; Kishore Biyani, CEO, Future Group; Chander Sethi, CMD, Reckitt Benckiser India; Saugata Gupta, CEO-Consumer Products, Marico; Mohit Burman, Director, Dabur India; and Thomas Varghese, Chairman, National Committee Retail, 2011- 2012.
During the discussion, Kishore Biyani shared his optimism about FDI in the retail sector as he feels that with FDI coming in modern retail would give more opportunities to a lot of Indian companies and that this sector would grow at 25-30 per cent. However, he also said that global players were yet to cap on the FMCG business in India, which stands at Rs 25 billion today as they have not managed to increase their market size.
Meanwhile, Adi Godrej had different views about it as he said that modern retail was not suited for India due to the challenges it would have to face from traditional retail – ‘Kirana stores’ that offer home delivery services and credit to loyal customers, both of which have long been a part of the traditional Indian retail systems.
The discussion will be aired as part of ‘Brand Equity’ show on ET Now on Saturday, August 13, 2011, at 2.30 pm and repeat telecast on Sunday, August 14, 2011 at 11.00 am and 10.30 pm.
