It’s been more than a decade since organized retail came up in India. In the early phase of development, it was just restricted to plaza culture. Post 2003, mall culture started multiplying in the metro cities, and India started becoming the hub of organized retail. The modern Indian retail industry has gone through a plethora of changes to attain the stature that it has now. This article shows the way forward to establish successful shopping malls and commercial properties.
India is on the threshold of major reforms and is poised to become the third-largest economy of the world by 2030. The tech-savvy and educated population, skilled labour, and a strong commitment to calibrated liberalization of India will enhance the achievement of its economic vision. India's manufacturing sector has evolved through several phases and today Indian manufacturing companies in several sectors are targeting global markets and are becoming formidable global competitors. Many are already amongst the most competitive in their sectors.
The term Hospitality refers to the friendly and generous reception and entertainment of guests, visitors or strangers. The Hospitality industry is a broad category consisting of the service industry and the tourism industry. It includes Hotels, Restaurants, Event Planning, Transportation etc. It is a multibillion-dollar industry that depends on the availability of leisure time and disposable income. While this industry is very broad, there are some defining aspects that are important to understand.