Indian retail sector has high potential to attract foreign investment, with FDI policies opening up more and more retailers are exploring Indian market which consists of more than billion people. Even the existing ones are looking to spread their reach. Foreign investments are important to India as well, as per leading media report India needs around $1 trillion investment to overhaul its infrastructure such as ports, airports and highways to boost growth. With the rising need for consumer goods in different sectors including consumer electronics and home appliances, many companies have invested in the Indian retail space in the past few months .As per the India brand equity foundation following are major international retail investment in India:
- Iconic British toy shop chain Hamleys plans to open six more stores in India, taking its total store count in the country to 32 by the end of March 2017.
- High-end home-furniture chain Roche Bobois Group has aggressive plans to solidify its exiting footprint. As per the strategy, the retailer plans to open new stores in cities like Hyderabad, Chennai, Pune, Kolkata and Ahmedabad, in order to make India one of its top five markets by 2022.
- Retail stalwart Future Consumer Ltd has signed a joint venture (JV) with UK’s largest wholesaler, Booker Group, with an investment of Rs 50 crore (US$ 7.5 million), to set up 60-70 cash-and-carry stores in India in the next 3-4 years. With this JV Biyani aims to reach Rs 20,000 crore in sales from in-house brands by 2021 and push these higher margins products outside its own 800-odd stores.
- Adidas India Private Limited plans to open around 30-40 big flagship stores across metro cities including Delhi, Mumbai and Bengaluru, by 2020.
- Switzerland’s luxury retail brand Bally mulling over to re-enter Indian market via a joint venture with Reliance Brands Ltd, by opening its first store in New Delhi in March 2017, and thereafter aiming to expand to four stores in Delhi, Mumbai, Kolkata and Chennai over the next 3 to 4 years.
- Swedish home furnishing brand Ikea has drawn up a long-term plan for Indian market. The retailer plans to invest Rs 10,500 crore (US$ 1.56 billion) to set up 25 stores across India over next few years.
- New York-based designer brand Kate Spade will be marking India entry this year with Reliance brands. In initial phase of expansion, the retailer will open two stores in the capital city New Delhi.
- Walmart India plans to add 50 more cash-and-carry stores in India over the next four to five years.
Following is the pictoric representation of global FDI Index.