If the country remains in the state of lockdown till June, 30 percent of the retail stores operating in India may have to close down, resulting in the loss of 18 lakh jobs, said Kumar Rajagopalan, CEO of Retailers Association of India
Pitching for increased foreign direct investment in the multi-brand retail sector, global management consulting firm Deloitte has said that the move would expand the share of organized retail in the country, thus contributing towards consumption-led growth of the economy.
UClean, one of India's largest laundry companies, has reached a milestone of 200 franchisees.
According to the company, UClean achieved this milestone last year and currently has a
presence in 17 states in the country.