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PRIME MINISTER’S MONETARY REWARD SCHEME

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.

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PRIME MINISTER’S MONETARY REWARD SCHEME

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  1. PRIME MINISTER’S MONETARY REWARD SCHEME

  2. Union Finance Minister Shri P Chidambaram unveiled the National Skill Certification and Monetary Reward Scheme that will be implemented on pan-India basis.

  3. 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.

  4. 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

  5. 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,

  6. 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.

  7. MEMBERS OF RASCI

  8. RETAIL SECTOR IN INDIA

  9. 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

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

  11. Indian Retail Scenario Today Retail amongst the largest industries in India, With over 10% of country’s GDP & about 8% of employment 12thlargest economy in the world 4thlargest in purchasing-power parity terms Over 58% of Indian population below 26yrs. That is over 564million people, nearly twice the total population of the United States

  12. Modern Indian Retail Lifecycle CREATE AWARENESS INCREASE CLIENT EXPECTATION STRENGTHEN BACK END MANAGEMENT CONSOLIDATION New retailers Driving growth 1993 FIRST GEAR Consumer demands Organized forms 2004 SECOND GEAR Retailers strengthening Backend 2010 THIRD GEAR Retailers going global / M&A 2013 FOURTH GEAR 2008 SOURCE: KURT SALMON ASSOCIATES

  13. $220 BILLION and counting… Growing at 20% per annum SOURCE: MCKINSEY REPORT

  14. 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 unorganized SOURCE: CII RETAIL

  15. The Changing face of the Indian Consumer Large population ofyoung spenders The shift from buying to the “shopping” experience Growing finance options Brand conscious & lifestyle products

  16. Major Indian Players RELIANCE 6.7 billion USD invested in setting up multiple retail Formats. Sales expectation of 20 billion USD by 2010 PANTALOON Presently India’s largest retail company. 10 millionsq ft of retail space expansion & expected sales 2 billion $ by 2008 RPG Opening 50 hypermarkets of 4 million sq ft RAHEJAS Currently operating in lifestyle, books retail & hypermarkets Investing 100 million dollars in 55 hypermarkets by 2015 PYRAMID Opening 150 lifestyle department stores by 2010 TATA Expanding to 10 to 40 departmental stores by 2010. Also in hypermarkets & consumer electronic multi brand stores

  17. Current Scenario of Indian retail Proliferation of modern retail formats 400 new malls 1500 Supermarkets 350 Departmental Stores 50 Hypermarkets by 2008 100 MILLION Sq ftin retail space by 2010 10,000 small & big MALLS COMING UP IN INDIA…..

  18. WHAT IS FDI • FDI – FOREIGN DIRECT INVESTMENT COMING UP IN INDIA, which will allow Forien Brands to set up Retail Stores in India. • REQUIREMENT OF 5 LAC PROFESSIONALS.

  19. International Retailers in India International 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 TescoEvaluating StarbucksEvaluating SOURCE: CYGNUS RESEARCH

  20. JOB OPPORTUNITIES IN RETAIL RetailOperations Mall Management Customer Relation- Ship Management Supply Chain Management Retail Management Visual Merchandizing & Store / Mall Planning

  21. Growing Retail in India….Few Cases INFINITI RETAIL From 30 to 100 large multi-brand consumer electronics & durables stores 20,000 sft. 6,000 products. 8 categories. FABINDIA INVESTMENT: Rs. 275 Cr in retail expansion. From 42 to over150over next 4 years. Prime strategy: to enter tier-III towns. INDUS CLOTHING INVESTMENT: Rs. 21 Cr in retail expansion. 1st phase: 30Disney JeansStores by 2007 - 3each in Delhi & Mumbai. 2nd phase: 50 stores by 2008. LUXURY NICHE Mike Murjani to set up luxury niche in India with Tommy Hilfiger, Gucci, Jimmy Choo & Tumi. 40free standing stores planned over 5 years RELIANCE RETAIL SEEKING: 50-20M Million Sft. Set to target 1,500 Indian cities RETAIL CHAIN West Bengal Government to invest Rs. 100 Cr in vegetable retail chain.

  22. 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.

  23. Retail Growth - Increasing Modern Retail Outlets 100 Million sq ft Increasing Demand of Skilled people 8 Million Jobs Huge shortage of Skilled people

  24. JOBS… 8 Million Retail jobs in the next 6 years More than 2 Million Skilled job opportunities by 2014 Need for quality education

  25. ABOUT OUR COURSE TRAINEE ASSOCIATE (RETAIL)

  26. 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

  27. 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.

  28. STEP 2 • 30 DAYS TRAINING • TRAINING OF CANDIDATES BY SPECIALISED TRAINERS

  29. 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.

  30. BENEFITS OF BEING CERTIFIED

  31. JOB OPPORTUNITIES TO BE GIVEN BY GOVT. INDIA TO STUDENTS. • GOVT. OF INDIA WILL UPDATE YOU REGARDING ALL GOVT. JOBS & GOVT. JOB FAIRS.

  32. 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.

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

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

  35. NOW YOU ARE READY FOR A NEW CAREER IN RETAIL INDUSTRY

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