“This is a historical moment. This is a challenging moment. The market dynamics of the retail business is bound to change.”
— Kishore Biyani, CEO Future Group and Managing Director, Pantaloon Retail India Ltd.
“There are no surprises. It is imminent that the likes of Wal-Mart, Carrefour and Tesco will make entry in India. Next five years will generate additional retail spend of $127 billion and (besides large players) there will be room for all including traditional kirana stores.”
— Arvind Singhal, Chairman, KSA Technopak.
“Foreign retailers need Indian retailers more than the Indian retailers needing the foreign retailers.”
— R. Subramanian, Managing Director, Subhiksha.