The jumbo transaction, which also comprises the wholesale, logistics and warehousing segment of the Future Group, will surely bolster the status of Reliance Retail in the retail sector.
Blockchain technology will also guarantee a more transparent supply chain with consumers having access to all the information to determine whether a product meets their standards.
Big Bazaar Franchise - The success of Big Bazaar is enviable for all the good reasons, which is why there are startups and aspiring businessmen who want to grow under the wings of such a big brand.
Budget 2017 covered a number of issues to uplift the economy although there was nothing much for the retail sector. However, key reforms were announced that will effect the industry by and large.
The new formed Future Specialty Retail was formed with a subscription amount of Rs 5 lakh. Currently the fashion wing of Future Group runs various brands including Central, Brand Factory, Indigo Nation, Lee Cooper, Sculler and Clarks.
The primary cause of this increase in the number of shopping channels is their mobile capabilities; their ubiquity has opened up a plethora of new opportunities for retailers to market and to engage with their consumers.
The move by the government is undoubtedly to splurge the demand of unbranded generics and to keep their prices low, but in order to make it used by the mass, doctors and practitioners do need to prescribe them too.
Presently, the company has installed its 33 mega stores in big cities such as Mumbai, Benagluru, Hyderabad, Pune and also in some small cities including Indore, Patna, Baroda and Surat.
Experts feel that certain pacts will help the country's top retailer to penetrate deeper into the remote areas where the opportunities are in abundance.
As per a report shared by a leading daily, a chain of about 3,900 s of Indian Defence ministry's CSDs have around Rs 236 crore ($55 million) in profit in financial year 2014-15.
Future group acquired the Bangalore based supermarket chain in 2014 and since then, it is looking to spread its existence across the length and breadth of the country.
Earlier, Sabnis had rendered his services to some of the big players of the business including Bharti Walmart Cash & Carry, Nokia, Ranbaxy and Britannia.