Author Bio
Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13
The online grocery market in India has taken off since last year s coronavirus-led lockdown. Consulting firm RedSeer estimates that online grocery sales jumped 60% in 2020 as consumers switched to the online channel during the strict lockdown. The good news is that many of those consumers are expected to stick to online grocery purchases in 2021.
RedSeer predicts that online grocery sales could jump between 41% and 49% in the first half of the year. Not surprisingly, the likes of
Walmart and Amazon Are Going Hard After This Huge Opportunity
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MUMBAI (Reuters Breakingviews) - Jeff Bezos has the patience and gritty determination it takes do business in India. The Amazon boss is locked in an ugly fight to stop a troubled big-box retailer from selling itself to his biggest rival, Mukesh Ambani’s $166 billion Reliance Industries. Any victory by the U.S. e-commerce giant could wind up costing thousands of jobs and spark a nasty political backlash, but the standoff also might deliver longer-term rewards.
FILE PHOTO: Kishore Biyani, CEO and founder of India s Future Group poses after the inauguration of Foodhall, a premium lifestyle food superstore by the Future Group, store in Mumbai, India, December 1, 2018. REUTERS/Francis Mascarenhas/File Photo
Walmart to support Modi s Make in India via higher exports Quartz 12/11/2020
Walmart is trying to prove its loyalty to India.
The Bentonville-based retail major yesterday (Dec. 10) said it will triple its exports from India to $10 billion (Rs73,680 crore) a year by 2027. “By significantly accelerating our annual India exports in the coming years, we are supporting the Make in India initiative and helping more local businesses reach international customers while creating jobs and prosperity at home in India,” Doug McMillon, president and CEO of Walmart said in a press release.
The announcement comes at a time when the Narendra Modi government has been encouraging local and multinational companies to “make in India for the world.” The government has so far committed incentives worth up to Rs2 lakh crore for companies to set up factories in the country. New Delhi hopes this scheme will woo companies that may be looking to exit China amid rising tension between the eastern
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