Technology retail is booming

The Economic Times reports that retailers in India are buyont on technology and consumer durable retail, keeping high stocks of gadgets and tech toys like phones, data storage devices, digital cameras, MP3 players, gaming consoles etc. The market for these products is estimated to be worth around $250 million annually and is growing at 100%, leading to retailers pushing for stocking these products.

The Tata Group announced it will be opening Croma to cater to all brands of products such as computers, communication devices, music, gaming and appliances. Pantaloon has also opened its own store for electronic items called e-Zones which has a wide selection of technical toys and gadgets.