Offshoring boom in India in the retail sector

Filed in archive Point of view on October 31, 2006

With an increase in the size of the Retail industry in India, It won't be surprising if in the near future, we see an offshoring boom in the retail sector to the India. The retail offshoring business is set to double in the next couple of years from around US$500 million currently. Samidha Sharma and Mayur Shekhar Jha of E-Commerce Times have covered this issue more in depth. According to them:

Retail offshoring will create an entirely new cadre of workforce, who will have the relevant skill sets and knowledge about retail processes as adopted by global retail giants. Indian retailers can then leverage these skill sets and process knowledge to further their cause.

With significant growth in the retail sector drawing more global retail giants to India, there's a huge opportunity in the retail offshoring business beyond the traditional IT and HR outsourcing. Experts say this may also apply to Indian retail majors looking to set up shops abroad.

A lot of buzz has already started on this front. According to informed sources, many global retail companies have already started scouting for Indian partners to outsource their supply chain management.