Mumbai : 1st Retail Committee Meeting

Minutes of the Meeting : 

Objective: SUCCESS MANTRA FOR THE RETAIL COMMITTEE

• Help businesses,
• Inspirational Stories,
• Share, Gain  & Grow

Key Notes:

• Brief Introduction of each member company present
• Increase the strength of the retail committee by bringing in more stakeholders from the retail sector, refer business, share opportunities, transfer leads, engage with other committee members etc...
• To partner & collaborate with like-minded companies such as a B-to-B alliance
• Create a network of retailers
• Expertise required on Supply chain, infrastructure, market strategy, taxation etc...
• Knowledge sharing of updates & regulations in the retail market through newsletters
• Sharing of best practices
• Trainings to be identified on Leadership, Technical know-how etc.
• Identify external guests for trainings
• Report on Consumer buying pattern – identify age/no. of people, days of visit to the mall, prime days, seasons, festivals etc.…
• Increase interaction with French brands seeking to partner in the Indian market
• Foster collaboration for existing French brands operating in India
• Advocacy events in order to communicate the current challenges existing in the retail sector (duty reduction etc...)
• Detailed analytics of the Online/marketplace scenario- existing players, opportunities, threats, virtual shopping malls etc...
• Identify platforms to showcase and market IFCCI’s retail committee such as BNI (Business Network International), IRF (India Retail Forum), Shopping Centres Association etc...
• A What’s app group to be created
• Every member company should have a representative to attend the committee meetings in case unavailable

Road Map:

• MRP – VAT based Calculation
• Franchise- How to make a brand scalable in India
• E-commerce Marketing

Proposed Plan for the next committee meeting:

• Tentative dates: 18th April or 30th May (Please confirm your availability at the earliest)
• Venue: TBC
• Topic: MRP, VAT based Calculation

Attendees: