The Indus Entrepreneurs (TiE), a global not-for-profit network organised an event for
young entrepreneurs ‘Annual Retail Summit 2010’ on July 9, 2010 at Hotel Sheraton
Saket, New Delhi. It was the sixth edition of the summit. The objective of the event
was to nurture and foster entrepreneurship across all sectors in retail. Also, TiE
Delhi announced for the first time the TiE Retail Innovation Awards to acknowledge
individuals/ groups with unique business ideas and great entrepreneurial spirit.
Present at the summit were Ashish Kapur, MD- Yo! China, who was also the Chairperson
for TiE Retail and Mr. Arvind Singhal, Chairman Technopak Advisors Ltd., one of
India’s leading Management Consulting firms, to share their perspectives on various
topics related to retail. Addressing the summit, Kapur said “Retailing has been witnessing
a rapid growth at a pace of 25-30 per cent annually and entrepreneurship is also booming
The newly instituted TiE Retail Innovation Awards 2010 had six categories namely:
Retail Entrepreneurs of the Year, Emerging Retailer of the Year, Woman Retailer of the
Year, Excellence in Supply Chain Management, Technology Innovation in Retail and
Retail Marketing Campaign of the Year.
Also, present at the Summit were top echelons such as Santosh Desai, Future Group;
Raghav Gupta, President, Technopak; Pankaj Chandra from BIGflix; Mukul Nag from
Standard Chartered Private Equity; and Vibhor Mehra from SAIF partners etc, giving
guidelines to the young entrepreneurs and discussing the related hindrances in the retail
segment in detail. They encouraged the audience to believe in their ideas and shared tips
on how to convert their aspirations into the acumen.
The sessions focused on entrepreneurial aspects of retail and took delegates through the
issues, aspects and challenges facing the industry today, while celebrating the success
stories, and helping entrepreneurs stay future-proof. Citing the example of Fabindia and
Hidesign to the emerging entrepreneurs, Mohit Bhatnagar of Sequoia Capital emphasised
on focusing not just on thinking big but also thinking global.