E-tailers not making much progress in India: Adi Godrej

In FMCG space, over 90 percent of the sales comes from 'Kirana' merchants, who are very efficient, Adi Godrej said.

PTI April 18, 2017 14:05:49 IST
E-tailers not making much progress in India: Adi Godrej

Hyderabad: E-tailers and modern retail have not made much progress in India, says veteran industrialist Adi B Godrej, who finds 'Kirana' merchants to be efficient, particularly in the fast moving consumer goods (FMCG) space.

Etailers not making much progress in India Adi Godrej

Adi Godrej,  Chairman, The Godrej Group, Reuters

 

"They (e-tailers in India) are not making much progress, even modern retail in India is not making much progress," the Chairman of the Godrej Group told PTI, while talking about the scene in this space.

In FMCG space, over 90 percent of the sales comes from 'Kirana' merchants, who are very efficient, added the former President of the Confederation of Indian Industry (CII).

"I think it (e-tailing) has not done very well in India, especially fast moving consumer goods. It may have done well in things like clothing and all that," he said.

He rejected suggestions in some quarters that India's growth in general is largely job-less.

"That's not correct at all. We are creating lot of jobs, especially in the unorganised sector," Godrej said.

On the recent Supreme Court order banning sale and consumption of alcohol within a 500 metres distance of national and state highways, he said it's not a good ruling because many of these highways are in the cities.

"Supreme Court ruling didn't say only liquor shops; it said any place serving liquor, even hotels and restaurants. How can you do it in cities ? It (the SC order) needs modification. I can understand it (the liquor ban) in 'mofussil' highways but it shouldn't be inside cities," he said.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Sony India announces WH-1000XM4 wireless noise cancelling headphones at Rs 29,990
News & Analysis

Sony India announces WH-1000XM4 wireless noise cancelling headphones at Rs 29,990

Sony WH-1000XM4 over-ear headphones will be available for Rs 28,490 for a limited periods of time.

US investment firm KKR to invest Rs 5,500 crore for 1.28% stake in Reliance Industries retail unit
Business

US investment firm KKR to invest Rs 5,500 crore for 1.28% stake in Reliance Industries retail unit

The latest investment by KKR, which has a long history of building leading global enterprises, in Reliance Retail underscores its clear belief that the RIL unit is set to lead a disruptive, technology-led transformation of Indian retail sector particularly relevant in the post-pandemic India.