2/12/2012

Corner shops alive and well

Apparently oblivious to the debates raging at the highest levels of government about multinational retailers opening in India, this small shop owner thrives, and his business remains deeply embedded in the life of his community.
There is stiff opposition in Cabinet to the direct entry of the likes of Carefour, Walmart and Tesco. Hard fought regulations protect small shopkeepers and ensure that international retailers source much of their merchandise locally.
Up to 40% of Indian farm produce is wasted through spoilage due to lack of appropriate temperature controlled handling; so refrigerated supply chain infrastructure and other necessary support is also being legislated.
Currently these multinationals are on the verge of opening their own shops in India, in which they will hold 51% ownership and use their own brands.
Things move slowly in India however, so for now, life on Mumbai streets will continue to revolve around these tiny corner nooks.

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