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RPG GROUP: THE HUNGER FOR RETAIL (has identified retailing and entertainment as the key growth areas).
(From India Business Insight)
Mr Sanjiv Goenka has led the RP Goenka group away from its traditional business of chemicals, power and tyres to new segments of retailing and entertainment as he realised that the latter segments have more growth opportunities.
He is the youngest President of Confederation of Indian Industry (CII).
He predicts retail business in India will grow to Rs14 lakh crore subject to an economical growth of 6-7 percent.
A CII-McKinsey report estimates the current retail business in India at Rs18,000 crore, with groceries …
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