Sunday, July 01, 2007

Lack of infrastructure could be the downfall of retail boom

The lack of infrastructure in the country could be the downfall of the Indian retail sector, according to industry experts at a retail conference organized by the Indian Retail Forum (IRF). It was emphasized that before companies make expansion plans, they needed to concentrate on setting up supply chains and logistic facilities. A study released earlier this week by Jones Lang LaSalle Meghraj has already highlighted the need to improve infrastructure, logistics and manpower which unless addressed would lead to a shakeout in the industry.

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