Leading Indian retailers form association

Rai_logoIndia’s leading retailers have come together to launch an association — Retailers Association of India (RAI) — with a vision to develop, facilitate and propagate practices and processes that will grow the Indian retail industry reports Hindu Business Line.

The agenda of this body will be to have a strong charter and code of conduct for its members with a strict self- regulatory mechanism. The three main aims of this body would be development, facilitation and propagation.

RAI”s founder members comprise Pantaloon India, Shoppers’ Stop, Trent, Globus, Piramyd, RPG Retail, Vivek’s and Subhiksha. The CEOs of these retailers have pledged to make RAI the leading voice of retailers across the country and a model association which will benefit society and the common man. It will organise activities such as conferences, seminars, training programmes, interaction with Governmental and legislative decision makers to achieve its goals.

At a press conference, Mr Gibson G. Vedamani, CEO, RAI, said, “RAI aims at being the voice of Indian retailers. Through its various efforts, it will aim at uplifting the standards of overall retailing in the country so as to offer the Indian customer a more enriching experience. It will be our endeavour to become a model association where retail companies will be joining hands and building a collective voice.”

According to RAI, the retail industry in India stands at $200 billion (approximately over Rs 9,20,000 crore). The organised retail industry is highly fragmented and has just 2 per cent share of the total retail industry. India is unique in this sector as it has the highest per capita density of retail outlets with 12 million retailers.

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5 responses to “Leading Indian retailers form association

  1. Well Relinace is going to enter retail in a big way. All the best to the association.

  2. Hi , does RAI have its website ? Please provide address if any also I would also like to have Retail directory in India
    Thanx In Advance

  3. ‘Thanks for your interest, inquiry and suggestion. Please note that “retailnama” has now moved to: indiaretailbiz. Kindly write to us directly at the new blog site.

    The web address of Retailers Association of India is: http://www.rai.net.in/

    we will soon compile a directory of modern retailers in India.

    Thanks.

  4. Please keep on informing us about the RAI’s training programmes as soon as the dates are decleared so that we can use this opportunity to learn more about indian retail industry. Since attending all the programmes is not possible, it will be very useful ,in case you can give us the information about the programme through your site.

  5. great find on those discounts!

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