CII in association with their Knowledge Partner, CB Richard Ellis (CBRE South Asia P Ltd) released a report on ‘Making Delhi India’s Retail Capital’, against the backdrop of the CII Delhi Annual Session and Conference held on 15 March, 2013 at New Delhi.
Ever since one of the first malls came up in Delhi in 1999, the national capital’s retail landscape has undergone a dramatic transformation. This change has been fuelled in recent years with a host of other developments: the growth of retail infrastructure, the coming in of big global brands to India, the evolution of the homegrown Indian brands and formats and policy changes over the years, and the recent policy allowing 100 per cent foreign equity into single brand retailing.
Along the way, retail hubs have sprung up across all parts of the National Capital Region (NCR). The growth of tourism in North India has also propelled the retail market. The report looks at the increasing surge in the fashion and luxury market with recent estimates suggesting that Delhi now constitutes for about half the luxury market in India and how the government and business can harness energies together to make Delhi, India’s Retail Capital.
Salient features of the report include:
- India Retail Market
- Retail and Delhi – Economic Interlinks
- Delhi – Retail Landscape of the City
- What Impedes Delhi’s Retail Revolution?
- Understanding Significance of Delhi as a Retail Market – CBRE Survey Findings
- Delhi and its Global Counterparts – Key Learnings
- Making Delhi India’s Retail Capital – Key Recommendations