Wednesday, Dec 7 2022 | Time 09:00 Hrs(IST)
image
Business Economy


DLF holds first ever New Retail Summit in Delhi

New Delhi, Mar 25 (UNI) Real estate major DLF on Sunday hosted the first ever
New Retail Summit here in collaboration with the PHD Chambers and Signcatch.
The Indian Retail Industry has emerged as one of the most dynamic and fast-paced
industries in modern India's history. Providing a play-field to several new players, it
accounts for over 10 per cent of the country's Gross Domestic Product (GDP) and around
8 per cent of the employment, the company said.
The sessions highlighted the changing landscapes and disruptive impact of smart technology
on brick and mortar businesses globally and featured various discussion panels with experts
across various sectors. The panellists also focussed on the challenges faced by the retail industry
such as archaic legacy systems, lack of payment infrastructure, etc. as experienced by MSMEs
for expanding their scale.
Pushpa Bector, Chairperson, Retail Committee and EVP & Head of DLF Shopping Malls said,
“There is a pressing need for the retail industry to evolve in order to cater to the rapidly growing
segment of the digitally savvy consumer, who is always connected on social media and
expects a seamless online and offline experience. Thus, laying the foundation for New Retail with
differentiated products, personalized offers, self-service options and end-to-end lifecycle nurturing.”
“The e-commerce industry has revolutionised the retail industry.
Technology is expected to play an integral role in shaping the
industry for the future. Technology enabled innovations like Smart
Stores, Digital Payments, Hyper-local logistics, analytics driven
customer engagement and digital advertisements are expected to be the
drivers for growth within the sector.”
With a beneficial demographic dividend of the world's second largest
young population, an affluent middle class, and rapid urbanisation and
percolation of the internet across all strata, India is viewed as an
attractive global destination within the retail space, the company
added.
UNI SDR AE 1857
More News

CapitaLand to invest Rs 6,200 cr in Telangana

06 Dec 2022 | 7:09 PM

Hyderabad, Dec 6 (UNI) CapitaLand India Trust (CLINT) on Tuesday announced that it would invest Rs 6,200 crores for development of a data centre at its International Tech Park Hyderabad (ITPH) in Madhapur and double the existing office space here.

see more..
Explore new irresistible fragrances from Nykaa!

Explore new irresistible fragrances from Nykaa!

06 Dec 2022 | 6:49 PM

New Delhi, Dec 6 (UNI) Nykaa Beauty has now expanded their fragrance portfolio with an all-new range ‘Endless Nights’, crafted for special evenings.

see more..

6 personal care products to tackle winter blues

06 Dec 2022 | 6:31 PM

New Delhi, Dec 6 (UNI) Winter is here, and it is that time of the year when hair and skin will become dry and need extra care and moisturising.

see more..
Power up your sound with ‘Playgo Dura’

Power up your sound with ‘Playgo Dura’

06 Dec 2022 | 5:51 PM

New Delhi, Dec 6 (UNI) Keeping in mind the evolving communication and music needs of India’s youth, ‘PLAY’ has added another new innovative, Made-in-India, TWS to the PLAYGO series ‘PLAYGO DURA’.

see more..

CLINT to develop data centre in Hyderabad with INR 1,200 cr investment

06 Dec 2022 | 5:41 PM

Hyderabad, Dec 6 (UNI) CapitaLand India Trust (CLINT) on Tuesday announced that it would develop a data centre at its International Tech Park Hyderabad (ITPH) in Madhapur here with an investment of Rs 1,200 crore.

see more..
image