- DP Retail strategies to have a pan-India existence with 50 lakh square foot area in the next couple of years
Given the increasing consumerism in Metros like Mumbai, DP Retail , a subsidiary of Darwin Platform Group of Companies(DPGC) today formally announced its entry into retail area with the launch of its first megastore at DN Nagar, Andheri West Mumbai. At the launch ceremony, popular Bollywood actress Ms. Huma Qureshi inaugurated DP Retail’s first store. The business would be opening other self-owned unique stores at Bhandup, Goregaon, Jogeshwari, Sion, and Worli quickly. The launch signifies the DPGC’s enthusiastic plan to leverage the potential of Indian Retail Space which is one of the most vibrant and hectic sectors with double-digit yearly development and it represents over
10 percent of the nation’s gross domestic product(GDP)and around 8 percent of the work.< img alt= ""src= "https://www.newsvoir.com/images/article/image1/17116_i.jpg "style ="width: 442px; height: 359px; border-width: 1px; border-style: solid; margin-left: 10px; margin-right: 10px;"/ >< period design ="color: rgb(1, 1, 1); font-family: Arial, Helvetica, sans-serif; font-size
: 12px; text-align: center;” > Raja Roy Choudhury,(Group CEO, DPGC)and Ms. Huma Qureshiat opening of”DP Retail “With 2,500 square feet, DP Retail’s first self-owned store at Andheri takes pride in an ideal mix of national, local, local and personal label quality brand names at competitive and concessional rates with loyalty and advertising plans. DP Retail strategies to have a pan-India existence with 50 lakh square foot area in the next couple of years. Inaugurating the DP Retail Store, Ms. Huma Qureshi stated,” It is an honour for me to open the DPGC’s very first megastore
in Mumbai which India provides big capacity in the retail area. The store will provide a brand-new age experience to shoppers. I am sure DP Retail would be leveraging its strong network to source quality products from small and micro industries.
The company’s business design is perfectly lined up with’Make in India ‘and ‘Vocal for Local’projects.” DP Retail strategies to invest Rs. 1,000 crore in FY 21 to connect to other Indian cities. It has actually also designated Rs. 100 crore towards market penetration throughout the omnichannel retail company consisting of an ingenious franchise design. Talking with reporters after the launch event, Raja Roy Choudhury, Group CEO, DPGC stated,” India is the world’s fifth-largest global destination in the retail area. With DP Retail, we would be leveraging our countrywide network to cater to the rising consumers’need. The first self-owned exclusive megastore of DP Retail, opened today,is topped 2500 square feet. Other 5 stores in the city would be spread over 500-600 square feet. Overall, we are aiming at 50 lakh square feet space across the country in the next few years. “” We have recently introduced Mega Employment Program to offer task chances to youth and DP Retail would be offering tasks to nearly
1.25 lakh people in the next one or two years. We have an ambitious plan to offer tasks to 40 lakh people and DP Retail would have lion’s share in this,” he included. DP Retail, through its robust procurement policy, would motivate and empower local growers, skills, traders, and manufacturers to increase their sphere of impact and get the best cost for their product or services. This policy would act as a driver to promote singing for regional and thereby giving a push to Atmanirbhar Bharat Mission. DPGC’s history
of winning over consumers by heavy discount rates throughout the preliminary phase is likely to work in its favour. According to the industry quotes, in 2021 standard retail would continue to control with
over 75 percent share in the organised sector. DP Retail would take advantage of this strength of the sector. The Indian retail sector would continue to witness over 10%Compound Annual Growth Rate( CAGR)in the period 2016-21. The sector plays a critical role in the growth story of the Indian economy through significant contribution towards the nationwide GDP, drawing in considerable domestic as well as foreign investments and innovations, and producing huge employment opportunities. It is forecasted that by 2021, standard retail will hold a significant share of 75%, organized retail share will reach 18 % and E-commerce retail share will reach 7%of the overall retail market. According to a FICCI -Deloitte Report on the Retail sector, Consumer retail is expected to reach a size of INR 85 trillion by 2021
. Leveraging its strengths and potentials of the Indian customer retail. DP Retail would leverage its PAN India presence with food, health, health, and other items (except style items). It would also focus on Indian standard items and worths. Thus, a consumer in Mumbai can have ethnic food items from any part of the nation. All brand names of dry fruit, food products, and other
localised items will be offered at its
stores. About DPGC Developed in 1996, the DPGC’s net worth is USD 6.4 billion and it has 25 partners companies. For many years, the Group has actually made rapid progress in numerous sectors with its other associate business which include Darwin Platform Capital, Darwin Platform Holding, and Darwin Platform Infrastructure. Apart from these the Group, through its subsidiaries and associate business, likewise runs in Banking, Healthcare, Aviation, Realty, Energy, Mass Media, and IT Sectors. The Group has actually now entered into the Retail and Defense Production Sectors with an innovative company design. Innovations would be fundamental in its quality, prices, ease of access, marketing, sourcing, retailing, and other locations of operations. The nation’s greatest employment scheme aims to develop a strong country with work generation and wealth creation. To begin with, DPGC would take all its 1.25 lakh company associates throughout India on its payroll with a monthly income of Rupees 15000 – 20,000. The Group targets to supply 1.25 lakh employment or earnings generation chances in each state (total 28) and Union Territories such as Delhi and Chandigarh.