Store Makers at MAPIC India 2023
Store Makers – Middle East were proud to have joined the 19th Edition of MAPIC India 2023 aimed to empower the Indian subcontinent with retail knowledge, explore bigger and better future opportunities, align with the national vision and provide a platform for all stakeholders in Indian Retail to learn, share and evolve.
Alongside the likes of Naveen Jaggi, President, Global Chair, Retail Advisory Services, JLL, Daniel Spinath, Founder, Crepeaffaire, London, Patrick Fallmann, Partner / General Manager, Store Makers, Dubai, Morten Grabowski Kjær, Owner and CEO, Luksusbaby A/S, Denmark, Stephen Chow, MD, Can Design, Hongkong, Marc McQuain, Founder, Vindico Retail, Pop Retail & Volstrukt, US the panel had a robust discussion on “Dialogues with International Brands: Paving the way to Fifth largest destination for Retail- India”.
The Indian Economy is buzzing and witnessing a growth trajectory which no other global economy is able to compete against. With a population of over 1.4 billion people and a middle class that is projected to reach 547 million by 2025, the Indian market represents a significant growth opportunity for international brands. Moreover, the rise of e-commerce and digital marketing in India has made it easier for these brands to reach a wider audience.
Some of the points discussed by the panel were: How the international brands are eyeing expansions- From airports and metro cities to Tier-1 and Tier-2 cities, understanding the unique challenges and opportunities that the vast Indian market presents, FDI strategies by the government that have opened up roads for global retailers to join the race and how the international players are cracking the Indian Market.