PRIME MINISTER’S MONETARY REWARD SCHEME

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

RETAIL SECTOR IN INDIA

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

Penetration of organized retail in India will grow to catch up with other matured markets…

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 GEAR

2008

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

$220 BILLION and counting…

Growing at 20% per annum

SOURCE: MCKINSEY REPORT

Market & Composition

Total No. of Retail stores in India

12-15 Million

Hawkers

8-10 Million

Grocery Outlets

4-5 Million

Urban Grocery Outlets

1 Million

Over

96% of Indian Retail

is unorganizedSOURCE: CII RETAIL

Large population of young spenders

The shift from buying to the “shopping” experience

Growing finance options

Brand conscious & lifestyle products

The Changing face of the Indian Consumer

Major Indian Players

6.7 billion USD invested in setting up multiple retail

Formats. Sales expectation of 20 billion USD by 2010RELIANCE

Presently India’s largest retail company.

10 million sq ft of retail space expansion & expected sales 2 billion $ by 2008

PANTALOON

Opening 50 hypermarkets of 4 million sq ftRPG

Currently operating in lifestyle, books retail

& hypermarkets Investing 100 million dollars

in 55 hypermarkets by 2015

RAHEJAS

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

Management

RetailManagement

RetailOperations

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 years

LUXURY 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 malls

400 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

Outlets

100 Million

sq ft

Increasing Demand of

Skilled people

8 Million

Jobs

Huge shortage

of

Skilled people

JOBS…

8 MillionRetail jobs in

the next

6 years

More than

2 MillionSkilled job

opportunities

by 2014

Need for

quality

education

ABOUT OUR COURSE

TRAINEE ASSOCIATE (RETAIL)

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 2

• 30 DAYS TRAINING

• TRAINING OF CANDIDATES BY SPECIALISED TRAINERS

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.

BENEFITS OF BEING

CERTIFIED

• 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.

• COMPANIES BELONGING TO RASCI WILL DIRECTLY CONTACT YOU FOR JOB OPPORTUNITIES.

A MONETARY REWARD OF Rs. 2500 DIRECT IN YOUR BANK ACCOUNT.

NOWYOU ARE

READYFORA

NEWCAREER

IN RETAIL

INDUSTRY