Retailing will comes as a blessing in disguise to Indian manufacturers. Target the American retail giant which insources goods from India to the tune of $100 [2005-06] Million is all set to expand its insourcing from India and has set an ambitious target to BUY goods worth $1 Billion by 2010.
Target however is not planning a foray in India. The retail boom in India will also help Indian manufacturers. For instance, Bharti WalMart will stock Indian ready to cook food from companies like Dabur and Wal-Mart may start insourcing from India for global operations once they find that the price-quality equation is the best.
If IT was a Billion dollar opporunity for Indian companies, Retailing will be 10 tiems bigger than that if our government encourages small industries and manuafcturing instead of getting itself involved into Land Bank scams – The SEZs.