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Feb, 23 2012

First eRetail congress concludes successfully

A two day mega show on Indian eRetail Congress 2012 organised by Franchise India and UTV Bloomberg organised on February 20-21, concludes with huge success.

A two day mega show on Indian eRetail Congress 2012 organised by Franchise India and UTV Bloomberg organised on February 20-21, concludes with huge success. Indian online retail industry is slated to touch Rs 7,000 crore milestone by mid 2012. Retailers who have set up online businesses say that business has grown by leaps and bounds over the past two years, and continues to rise.

There are almost 120 million internet users in India and looking at the 2020 vision it could reach to one billion if it continues to grow at this rate. Experts believe India's e-commerce market is expected to grow from USD10 billion in 2011 to USD 200 billion by 2020, as the number of Indians with Internet access expands eightfold, to 800 million, which was merely four billion way back in 2009. Furthermore, nearly USD 350 mn has been pumped into 40 e-commerce startups till the end 2011 compared to USD 43 million in 11 companies in 2009.

Indian eRetail Congress 2012 comprised Conference, Exhibition and Awards. Prominent industry key speakers that addressed the show were Mahesh Murthy, Founder, Pinstrom; Vikaas Gutgutia, Founder and MD, Ferns N Petals; Pawan Gadia, CEO, Ferns N Petals; Muralikrishnan B, Country Manager, eBay India Pvt. Ltd; Paul Shoker, CEO, benefits PLUS; Umang Bedi etc. Some of the brands exhibiting at the platform are Ebay; Gitanjali; RnR; DynaSafe; EBS; Xebia; FernsnPetals; Salmon LLC; DTDC and many more.

The platform engaged the listed exhibitors: Ebay India Pvt. Ltd; Gitanjali Gems; EBS; Salmon LLC; Xebia; Ferns and Petals; Vinove; mydala (Kinobeo); Cosmic Retail; RewardPort (travel port); Ozonetel and many more.

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