Written by: Press Trust of India
1 min readHyderabadSep 22, 2012 01:27 AM IST
First published on: Sep 22, 2012 at 01:27 AM IST
Chairman of the Prime Ministers Economic Advisory Council C Rangarajan today sought to allay apprehensions that neighbourhood kirana stores would disappear with increase in modern and organised retail.
They small retailers will continue to remain. In fact,the international experience shows that even in advanced countries where there are large scale department stores operating,the mom and pop stores have not disappeared. They continue to exist, he said at a seminar on retailing here.
He said kirana stores would survive and can become part of modern retail by organising themselves and getting assimilated into the organised sector.
These kirana stores and street hawkers can also become part of the modern retail chain… if they can be assimilated into organised retail,organise themselves under their banner through franchisees,upgrade through infusion of capital,better training, he added.
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