Bijou Kurien is also an Independent Director on several listed and unlisted companies, and advises select consumer product companies and mentors a few start-ups.
The year so far has been quite sluggish for retailers, due to a slowdown in consumer spending amid the overall slowdown in the economy, expensive loans and high inflation among other reasons.
The Indian consumer has a pleasant surprise coming, retailers are pushing to get the customer back to their stores. CNBC-TV18’s Ronak Jain and Sumiit Lakhutia report that price cuts are on the anvil, as the industry gears up for a strong 2012.
The Department of Industrial Policy and Promotion (DIPP’s) new guidelines surrounding group companies in the retail sector is expected to be released by the end of the month.