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
(RAI).
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.
Invest India, the national investment promotion and facilitation agency predicts the textile
and apparel exports in India to reach US$ 300 billion by 2024-25.
Global sports brand Trusox has made its foray into the Indian market. The company has
appointed cricketer Rohit Sharma as its brand ambassador in the country.
Bandai NAMCO, a world leader in indoor Amusement Park & Entertainment Centres, has
launched its second center in Mumbai at Seawoods Grand Central Mall, Navi Mumbai.
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