Sector Focus: Food Retail

Poised for exponential growth

2018-08-07T13:11:49+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, Sector Focus: Food Retail, Year|

Demographics, rising incomes and a low existing base all point towards a paradigm shift in the fortunes of India’s still fledgling food retail sector.

It can potentially become the largest recipient of foreign direct investment (FDI) and will definitely play a major role in realising the Prime Minister’s goal of doubling farm incomes by 2022. Food retail, the largest component of India’s more than $500-billion retail sector, is standing at the cusp of greatness. How its fortunes play out over the next five to 10 years could well decide the success of the government’s ambitious Make in India initiative as well as the direction of politics by influencing how the critical farm lobby votes in future elections.

Short Takes

2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, Sector Focus: Food Retail, Year|

Alibaba plans BigBasket investment

alibabaChina’s Alibaba and its Indian online marketplace investment, Paytm Mall, are in talks to pick up a significant stake in online grocer BigBasket.

The online marketplaces are seeking to invest around $200 million in one of India’s largest online grocer, BigBasket, at a valuation to be decided after due diligence is completed, according to Indian media reports. A estimate figure of around $1 billion has been doing the rounds for BigBasket.

Part of BigBasket’s appeal is its express grocery delivery feature, which lets customers receive grocery deliveries within 60 minutes. Its main competitor is Grofers India, which is backed by SoftBank. Amazon is said to be eyeing a stake in Grofers to counter Alibaba. Grocery is one of the fastest-growing segments of India’s e-commerce industry. According to eMarketer, India’s retail e-commerce market will be worth $55.3 billion by 2018 — up from $6.1 billion in 2014.

Food processing is India’s sunrise sector

2018-12-31T11:59:33+00:00September 19th, 2017|2018/2017, India Investment Journal September Edition, Sector Focus: Food Retail, Year|

Harsimrat Kaur Badal, as the minister in charge of India’s Ministry of Food Process Industries, has been on a worldwide mission to attract investors to the country’s $915bn farm-to-fork ecosystem. During a recent visit to London, ‘India Investment Journal’ was given an insight into her plans for India’s first-ever World Food India summit this year. What is the investment update since your last visit to the UK? From our last meeting, all the big retail chains were hoping for some [...]

Cooking up a new fast-food strategy for India

2018-12-31T12:08:01+00:00September 19th, 2017|2018/2017, India Investment Journal September Edition, Sector Focus: Food Retail, Year|

UK-based Southern Fried Chicken is looking at setting up 200 outlets in India over a 10-year period. The company’s Franchise Development Manager, Andrew McNair, talks ‘India Investment Journal’ through his plans for a very important future marketplace for the fast-food company. What makes Southern Fried Chicken bet on the Indian market? Southern Fried Chicken have a development plan to franchise across the world and see the successful Indian economy as a very important future marketplace. The country has a growing middle [...]