Landmark
Overall Rating:  [5/5]Total Votes [ 2 ] |
|
This site provides detailed information on Landmark - the retail chain giant. The site also focuses on the current status of the retail giant Landmark's operations in India.
The concept of retail chain market is new to Indian consumers. The British colonial government introduced the idea of supermarkets to facilitate its officers with access of all household goods under one roof. The Landmark Group is a Dubai based US$ 500 million company. The Landmark Group invested around Rs 300 crore till date and still wishes to expand further in all metros and other semi-urban areas.
The Landmark Group entered the Indian market in 1999. Landmark operates in five cities and eight stores. Landmark in India houses varied shops selling different types of essential commodities along with luxury items. The Landmark chains are mainly concentrated in urban areas and are now planning to operate in tier II cities also. Landmark stores typically have floor area of 17000 sq feet each. Landmark in India typically has a heterogeneous mixture of large and small individual retailers. Most of these retail counters sell branded products of both, domestic and international manufacturers. Landmark in India offer products with different price bands for each and every sections of urban society. These stores generally sells clothing, footwear, and accessories of Indian and foreign make.
Landmark - the key points that attracted them to open retail chains in India, are -
The Landmark Group entered the Indian market in 1999. Landmark operates in five cities and eight stores. Landmark in India houses varied shops selling different types of essential commodities along with luxury items. The Landmark chains are mainly concentrated in urban areas and are now planning to operate in tier II cities also. Landmark stores typically have floor area of 17000 sq feet each. Landmark in India typically has a heterogeneous mixture of large and small individual retailers. Most of these retail counters sell branded products of both, domestic and international manufacturers. Landmark in India offer products with different price bands for each and every sections of urban society. These stores generally sells clothing, footwear, and accessories of Indian and foreign make.
Landmark - the key points that attracted them to open retail chains in India, are -
- India ranks 5th on global retail development index
- It is the second fastest growing economy of the world
- It is going to be the 3rd largest economy in terms of GDP in next few years
- It ranks high amongst the top 10 FDI destinations of the world
- It is the fastest growing tourist market in Asia
- World bank states that India to be world's 2nd largest economy after China by 2050
- Stable and investor friendly Central Government at the helm of affairs
- Introduction of Value Added Tax or VAT and tax reforms
- High degree of professionalism and corporate ethics
- Excellent Investment opportunities in Indian retail sector and in allied sectors; sure and high returns on investments
- To invest US $130 billion for the development of infrastructure, by 2010
- To attract US $ 10 billion FDI for infrastructure development by 2008
- Bullish stock markets
- Hordes of foreign investors are thronging in to invest in Indian retail markets
- Highly educated English speaking young workforce
- Vibrant and multi cultured cities
- Huge opportunity exists, especially in semi-rural and rural areas
- Till date the second largest employer after agriculture sector, for the huge semi-skilled Indian population
- In a nascent stage of development as an organized industry
Growth of Retail Companies in India
Related Links
