We are assuming India will grow, that we are going to have a lot of young people who will want to shop. But everything can change overnight.
"Kishore Biyani" is an Indian businessman. He is the founder and chief executive officer (CEO) of Future Group. Biyani's net worth is valued at $475 million.
Biyani is married to Sangita Biyani and they have two children and are based in Mumbai. His elder daughter Ashni is a director of Future Ideas, group's innovation and incubation cell.
More Kishore Biyani on Wikipedia.Why do we want to give them easy access? The 'Wal-Mart effect' is well documented.
It's not so easy to get people in smaller towns to spend money, but they still come to the store, all dressed up with their families. It's an outing for them.
It's not a matter of can we take on foreign retailers, but how big a gorilla you are.
We believe that in India we have the opportunity to grow for the next two to three years. We believe at the moment consumers are feeling psychologically stronger than they ever were to spend.
There's a tearing hurry. We should be large enough before anybody comes in - whoever that may be. We learned from them that you can sell utensils and fashion together.
If we provide people with an occasion to shop, they will come, whether in the cities or in the small towns.
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