Union Finance Minister Shri P Chidambaram unveiled the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis.
INTRODUCTION Union Finance Minister Shri P Chidambaram
unveiled the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis.
The scheme, proposed by the Finance Minister is designed to motivate the youth of this country to acquire Job Oriented Skills.
OBJECTIVE OF SCHEME:
Increase base of existing RETAIL PROFESSIONALS in India
Provide Monetary Awards for TRAINING to boost employability of youth
Reward candidates undergoing Skill training by GOVERNMENT OF INDIA
RETAIL COURSE – TRAINEE ASSOCIATE
THIS RETAIL COURSE IS DESIGNED BY RETAILERS ASSOCIATION OF INDIA IN A, IN ASSOCIATION WITH GOVERNMENT OF INDIA. KEEPING NEW JOB OPPORTUNITIES IN MIND,
RASCI is a not-for-profit, independent public limited organization established under Section 25 of the Companies Act.
It has been funded by the Government of India to function as the Apex Skill Development Council for the Retail Industry.
MEMBERS OF RASCI
INTERESTING FACTS ON RETAIL
Every 10th billionaire is a retailer.
25 of the top 50 Fortune 500 companies are in Retail.
In India the Retailing Industry provides employment to over 18 m people, second largest after agriculture.
1 out of every 25 families in India are engaged in the business of retailing
In India Per Capita square feet area under retail is just 2 sq. ft. or 0.2 sq. m.
Source: CII Conference on Retailing
Retail amongst the largest industries in India,
With over 10% of country’s GDP
& about 8% of employment
12th largest economy in the world
4th largest in purchasing-power parity terms
Over 58% of Indian population
below 26yrs. That is over 564 million people,
nearly twice the total population of the United States
Indian Retail Scenario Today
Modern Indian Retail Lifecycle
Consumer demandsOrganized forms
2004
SECOND GEAR2008
New retailersDriving growth
1993
FIRST GEAR
Retailers strengthening Backend
2010
THIRD GEAR
Retailers goingglobal / M&A
2013
FOURTH GEAR
CREATE AWARENESS
INCREASE CLIENTEXPECTATION
STRENGTHEN BACK ENDMANAGEMENT
CONSOLIDATION
SOURCE: KURT SALMON ASSOCIATES
Market & CompositionTotal No. of Retail stores in India
12-15 MillionHawkers
8-10 MillionGrocery Outlets
4-5 MillionUrban Grocery Outlets
1 Million
Over 96% of
Indian Retailis unorganizedSOURCE: CII RETAIL
Large population of young spendersThe shift from buying to the “shopping” experience
Growing finance options
Brand conscious & lifestyle products
The Changing face of the Indian Consumer
Major Indian Players6.7 billion USD invested in setting up multiple retail Formats. Sales expectation of 20 billion USD by 2010
RELIANCE
Presently India’s largest retail company. 10 million sq ft of retail space expansion
& expected sales 2 billion $ by 2008PANTALOON
Opening 50 hypermarkets of 4 million sq ftRPG
Currently operating in lifestyle, books retail & hypermarkets Investing 100 million dollars
in 55 hypermarkets by 2015RAHEJAS
Opening 150 lifestyle department stores by 2010PYRAMID
Expanding to 10 to 40 departmental stores by 2010. Also in hypermarkets & consumer
electronic multi brand stores TATA
Current Scenario of Indian retail
Proliferation of modern retail formats
400 new malls
1500 Supermarkets
350Departmental
Stores
50Hypermarkets
by 2008
100 MILLION Sq ft in retail space by 2010
10,000 small & big MALLS COMING UP IN INDIA…..
WHAT IS FDIFDI – FOREIGN DIRECT INVESTMENT
COMING UP IN INDIA, which will allow Forien Brands to set up Retail Stores in India.
REQUIREMENT OF 5 LAC PROFESSIONALS.
International Retailers in IndiaInternational Players Eyeing India
Shoprite South Africa (Hypermarkets) Already in
Landmark, Dubai (Lifestyle stores) Already in
Marks & Spencer’s (Lifestyle stores) Already in
Metro Cash & Carry (Wholesale Hypermarket) Already in
Mango (Apparel Retailer) Already in
Carrefour (Multiformat Retailer) Evaluating
Wal Mart (Hypermarkets)
7-Eleven (Supermarkets) Evaluating
Tesco Evaluating
Starbucks Evaluating
SOURCE: CYGNUS RESEARCH
JOB OPPORTUNITIES IN RETAIL
Mall Management
VisualMerchandizing
& Store /Mall
Planning
CustomerRelation-
ShipManagement
Supply Chain
ManagementRetail
ManagementRetail
Operations
Growing Retail in India….Few Cases
From 30 to 100 large multi-brand consumer electronics & durables stores
20,000 sft. 6,000 products. 8 categories.INFINITI RETAIL
INVESTMENT: Rs. 275 Cr in retail expansion. From 42 to over 150 over next 4 years. Prime strategy: to enter tier-III towns.
FABINDIA
INVESTMENT: Rs. 21 Cr in retail expansion. 1st phase: 30 Disney Jeans Stores by 2007 - 3 each in
Delhi & Mumbai. 2nd phase: 50 stores by 2008. INDUS CLOTHING
Mike Murjani to set up luxury niche in India with Tommy Hilfiger, Gucci, Jimmy Choo & Tumi.
40 free standing stores planned over 5 yearsLUXURY NICHE
SEEKING: 50-20M Million Sft.Set to target 1,500 Indian citiesRELIANCE RETAIL
West Bengal Government to invest Rs. 100 Cr in vegetable retail chain. RETAIL CHAIN
MALLS IN INDIA..
200 existing malls400 new malls
65 malls coming up in 1 street:
Gurgaon, a high street near Delhi
Specialized malls:
Car, Jewelry,Weddings
Emerging need for Mall Management Services.
Retail Growth -
Increasing ModernRetail
Outlets100
Million sq ft
Increasing Demand of
Skilled people
8 Million
Jobs
Huge shortage
ofSkilled people
JOBS…
8 MillionRetail jobs in
the next 6 years
More than
2 MillionSkilled job
opportunities by 2014
Need for quality
education
TRAINEE ASSOCIATE COURSE OUTLINE
• Retail Stores – Basics• Retail Store Operations• Merchandise • Customer Relationship Management
• Space Management• Security• Fixtures, Presentation• Advertisement in Store• Stock & Inventory Management
COURSE MODEL• STEP 1
– STUDENT ENROLLMENT• SUBMISSION OF DOCUMENTS BY
CANDIDATES• DOCUMENTS :
– MARKSHEET OF HIGHEST DEGREE OBTAINED– APPLICATION FORM– PHOTOGRAPHS– AADHAR NO.– SBI ACCOUNT NO.
STEP 3
• EXAMINATION
– EXAM WITHIN 3 DAYS OF COMPLETION OF TRAINING.
– EXAM TO BE TAKEN BY GOVERNMENT OF INDIA
– STUDENT RECIEVES THE CERTIFICATE & MONETARY REWARD ON RESULTS.
• JOB OPPORTUNITIES TO BE GIVEN BY GOVT. INDIA TO STUDENTS.
• GOVT. OF INDIA WILL UPDATE YOU REGARDING ALL GOVT. JOBS & GOVT. JOB FAIRS.
• YOU WILL BE ALSO ELIGIBLE FOR INTERNATIONAL PLACEMENTS & ASSISTANCE TO BE PROVIDED BY RASCI COMPANIES.
• IN FUTURE WE WILL BE BRINGING UP SENIOR LEVEL COURSES FOR WHICH YOU WILL BE DIRECTLY ELIGIBLE.