The UKIBC are delighted to invite you to a landmark event featuring two of the UK and India's most respected and successful retail visionaries - 'King of the High Street', George Davies, and Rakesh Biyani, Joint MD of the Future Group, one of India's largest retail conglomerates.
Attend this event on April 9 and hear this award winning retail giants share their expert insights on new business opportunities and strategies for success in India's rapidly growing retail sector.
With retail growth predicted to be 15-20% over the next five years, India has emerged as the fifth most attractive destination for international retailers, outpacing the UAE, Russia, Indonesia and Saudi Arabia, according to A T Kearney's Global Retail Development Index (GRDI) 2012. Earlier this year the Government of India introduced landmark reforms permitting 51% FDI in multi-brand retail and further liberalisation of 100% FDI in single brand retail.
Mr. Davies' current venture is 'FG4' a new retail clothing chain focusing on childrenswear and womenswear. Already successful in the Middle East and North Africa he is now in the process of bringing this brand to India.
As one of the latest entrants into the Indian retail space, George Davies is one of the UK's biggest business stars - the man behind NEXT, Per Una and 'George at Asda' has recently been estimated by the Financial Times to be responsible for the sale of over £54 billion worth of clothing since the inception of Next.
Indian retail mogul Rakesh Biyani will be highlighting the unique characteristics of the dynamic Indian retail market, the new generation of powerful Indian consumers and the scale of the opportunity for UK companies to explore partnerships in this high potential sector.
They will be also discussing the findings of a new report on the Indian consumer put together by our valuable members Ernst and Young. This report covers key areas such as the Indian consumer landscape and regulatory environment; various points of sale in India including traditional trade, modern trade, online retail, direct selling and cash & carry wholesale; and, critically, sub sectors where British companies can meet unmet or rising demand.
