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South India is largely recognised as the birthplace of modern retail.
Th e glorious south side of India has given the nation – and the world
at large – innovational visionaries, entrepreneurs extraordinaire and
exceptional business leaders. Th e region is a vibrant marketplace which
has initiated the genesis of modern retailing in India and businesses
based out of South India have always been well-ahead of the curve in as
far as retailing invention goes.
It is a documented fact that almost 70 percent of India’s rich live
in its eight southern states, including in Karnataka and Tamil Nadu.
Th is has greatly contributed to the rising consumerism in the region.
Interestingly however, despite the increased demand, retail in South
Indian is dominated by local players. So, while the region has evolved by
adapting to global trends, yet, a homely retail experience, comfort of the
native language, along with familiarity with local culture and purchase
preferences have been the driving forces for retail growth here.
Th e February issue of IMAGES Retail is dedicated to the analysis of
the greatly evolved South Indian retail industry. Th e edition does a deep
dive into why southern states have the highest retail growth rate in India
including listing cities which are seeing an exceptional rate of growth
– Bangalore, Hyderabad and Chennai – and how they are doing it. Th e
issue also includes an expert research report on how the emerging cities
of Coimbatore, Kochi, Vizag, Vijayawada, Trivandrum, and Madurai are
contributing more than US 7000 million worth of retail activity to India
today.
Finally, the issue brings the readers a round-up of IMAGES Group’s
fl agship food retail event, India Food Forum 2019, the 12th edition
of which was held on February 5 and 6 in Mumbai. Th e triumphant
event was another feather in IMAGES Group’s cap. We thank those
who attended the event, but for those who couldn’t make it, we bring
you notable insights – theme, session highlights and awards – from the
thinkers and futurists of the Indian Food Retail industry who attended
it.
As always, we hope you fi nd this issue informed and benefi cial