Thursday, September 28, 2006

Indian retail sector will require 2 million professionals in next 2 years

Business Standard reports that The Retailers Association of India (RAI) has estimated that the retail industry in India will require about 2 million professionals in the next 2 years. The current requirement for front end workers is 1.25 million and is likely to increase to 3.25 million by 2008-09.

Several retailers such as Pantaloon, Piramyd, Shoppers’ Stop, Lifestyle, Arrow, Landmark and others have already begun recruiting on a major scale, while new entrants such as Reliance, Raymonds, The Aditya Birla Group, and others have been targeting other retailers to head hunt professionals.

The Future Group, Landmark and Piramyd have also tied up with management schools to sponsor and train students who would then work for a mandatory time period with the sponsoring company.

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