Position Proximity Magnetic Sensor
Thank you for visiting us. We are professional factory for various Magnetic Sensor Switch in Shenzhen city Guangdong province China. Our main products are different styles of Magnetic reed switch, Proximity sensor, Magnetic switch, Magnet Toggle etc. There are always many prices in the markets,...
Position Proximity Magnetic Sensor
Thank you for visiting us. We are professional factory for various Magnetic Sensor Switch in Shenzhen city Guangdong province China. Our main products are different styles of Magnetic reed switch, Proximity sensor, Magnetic switch, Magnet Toggle etc.
There are always many prices in the markets, matching many different quality and service. Here you are guaranteed with decent price and high quality solution as well as warm hearted service. This is our official website of CiAn. You can browse main hot models on our CiAn Switch website.
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The huge potential of the Indian market
(A) Indian consumer market capacity and major consumer groups
After market experts studied India's national population data, they came to the following conclusion: India's consumer groups are based on consumer spending. At the top of the pyramid, there are one million wealthy consumers. The middle class is subdivided into two parts. There are 28 million Indian households with potential customers for durable goods, and 90 million households with non-durable goods.
Compared with other Asian developing countries, the degree of urbanization in India is quite low, and 70% of the people live in rural areas. For many consumer goods sales, the rural market is the main force of sales, accounting for about 70% of total sales. In recent years, the growth of the rural market has been particularly rapid, and the sales growth rate of many consumer goods in the rural market is four times that of the urban area. In India, it is classified as the richest consumer group, and 15% live in the countryside.
The huge consumer group structure has made India the most attractive investment country among the 30 emerging retail markets in the world. The “Global Retail Development Index (GRDI) 2005” released by Kearney Management Consultants shows that India has risen from the previous 2nd place to No. 1 and has surpassed its ranking since 2003. Russia's 1 became the biggest opportunity in the eyes of a large number of wholesalers and food retailers looking to expand abroad.
Domestic demand stimulates economic growth. India's economic growth is very "essential" - the main source of growth is personal spending. Stephen Roach, an economist at Morgan Stanley, estimates that private consumption accounts for 64% of the Indian economy, which is more than 58% of Europe, 55% of Japan, and 42% of China. Roach pointed out that India can turn into a track of rapid growth, "to a large extent, the result of the emerging consumerism of the world's youngest population."
The retail market value of 330 billion US dollars. This is the 2005 data and can be ranked in the top 10 in the world. In the past 5 years, the average retail sales growth rate in India is 10%. In the next few years, the growth rate is not expected to fall below this figure.
The density of retail outlets is the largest in the world, and the retail market is the most fragmented in the world.
India has a total of 15 million retail outlets across the country, compared with 900,000 in the United States. In stark contrast to so many outlets, India’s top five retailers also have a combined market share of less than 2%. At present, the unorganized retail industry is still the dominant force in India's retail industry. Over 95% of retail sales in India are realized through 12 million retail shops, kiosks and tea stalls; large-scale retail and chain retail sales are almost zero, even if The popularity of large-scale department stores is also not great. The backwardness of commercial retailing, and the fact that India's economic rise and commercial opening up have made market participants believe that modern retailers, consisting of chain-operated and professionally managed chain stores, will grow at a rate of 15% per year in sales in the next 10 years. For these confident retailers, what's more important is that many Indians are just getting rich and their demand is expanding rapidly.
Mike Moretti, Kearney’s vice president of management consultancy, said: “The Indian market has a clear message to retailers that they can act now or enter other fast-saturated places and markets ahead of other companies. Global retailers with market opportunities can make up for the Indian market."
Since the end of January 2006, the most critical point in the liberalization of foreign direct investment laws approved by the Indian government has been the agreement that foreign investment in a single-brand retail company should occupy 51% of the equity. International brands such as Reebok, Nokia, and Louis Vuitton will be able to own and operate their own stores in India for the first time. Previously, although brands such as McDonald's, Nike, and Tommy Hilfiger all started operations in India, they were all conducted through franchisors. Without local partners, overseas retailers could not enter the Indian market; There is also no 100% decision.
In 1997, the Indian government promulgated a decree banning foreign investment in commercial retailing. After being forced by external pressure, the ban opened up slightly. Foreign capital was allowed to open stores selling single commodities such as Nokia, Adidas, etc., but foreign capital could not be controlled. At the beginning, the purpose of the government's efforts was to protect India's nearly ten million small shops. After all, the retail industry is India's industry that provides the most jobs outside of agriculture. The retail industry accounts for 6%-7% of India's total employment population, and the retail industry's output accounts for about 10% of India's GDP. Today, these small shops are still the main force opposing openness.
However, with the rapid pace of the Indian economy, the Indian government is increasingly aware of the need to guide the retail industry to scale, recognizing the importance of introducing multinationals into India. Indian Minister of Commerce and Industry Kamal Nat once wrote an article in the Indian media describing the benefits of large-scale retail companies: First, consumers can buy better products at lower prices, and sales volume increases mean more Large-scale production provides more employment opportunities. Second, farmers can link their products with the processing and packaging of mass marketing, so that their products can be sold at better prices. This is very important for India, an agrarian country that is anxious to increase the income of farmers. The Indian Ministry of Finance also believes that the entry of multinational companies will provide greater opportunities for sourcing and marketing Indian products. Allegedly, METRO's stores in Bangalore account for 98% of the goods purchased locally, and many Indian goods have already been supplied by Wal-Mart. Chain sold to countries in the world. At the same time, it will also help improve the quality of Indian products and improve the efficiency of the entire product supply chain.
The opening up of the retail industry will bring about $1 billion in foreign direct investment in India this year. A large number of retail giants such as Wal-Mart, Carrefour, Tesco, Metro, and Casino have long been eyeing the Indian market. Their infiltration has already begun to open up. Tesco, which accounts for 30% of British supermarket shopping, is showing increasing interest in the Indian market. It has a supply center and a non-food procurement point in Bangalore. Right now, they will enter into negotiations with Indian Bharti companies. The two parties will set up a food chain company in India. It is reported that the initial investment of the joint venture company is about 100 million U.S. dollars, but with the expansion of the two sides, investment may exceed 1 billion U.S. dollars. Dollars. Carrefour of France and Metro in Germany have established teams in India. Gerald, Managing Director of Carrefour in India, said, “We will develop here for a long time.” Wal-Mart has already begun preparations for expansion in India, such as establishing contacts with suppliers and distributors, and applying for opening offices.