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According
to an official announcement, this association will combine
expertise of both companies to offer a stronghold of innovative
solutions to provide end-to-end retail consultancy.
Leveraging
service capabilities of both companies, this partnership aims
at providing improved service offering to clients on retail
and related services.
Changing
lifestyles and strong income growth mark the rapidly expanding
pace of retail in India. Combined with a revolutionary change
in the concept of shopping with the advent of the 'Mall Culture'
and hypermarkets, retail has become the country's largest
industry accounting for over 10 per cent of India's GDP and
around 8 per cent of the employment. With organised retailing
growing at 25 per cent annually, the need to understand consumer
needs and translate them into strategic and innovative solutions
for the retail industry, forms the framework of the recent
partnership, adds the release.
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