RAI's Hyderabad Retail Summit 2024: Retailers strategize to lead

The Retailers Association of India (RAI) orchestrated the third edition of the Hyderabad Retail Summit (HRS) on April 24, 2024, at Hotel ITC Kohenur Hyderabad. This gathering, a cornerstone in the retail sector, provided a robust platform for industry stakeholders to converge, deliberate, and propel the discourse on pertinent retail issues within the region.

Kumar Rajagopalan, CEO of RAI, underscored the profound metamorphosis witnessed in Telangana's retail landscape. He attributed this paradigm shift to a fusion of traditional brick-and-mortar assurances with the convenience of online platforms, catalyzed by the region's vibrant IT industry. Rajagopalan emphasized the evolving consumer demands, characterized by a seamless integration of digital accessibility and the trust associated with physical retail experiences, setting a national benchmark for retail innovation.

The summit witnessed Jayesh Ranjan, Hon'ble Principal Secretary - Industries, Commerce, and Information Technology, Government of Telangana, lauding Hyderabad's retail ecosystem. Ranjan accentuated the city's allure, attributing it in part to the dynamic offerings provided by its retailers, catering to diverse consumer needs with a plethora of options.

Highlighting the event were insightful panel discussions on pivotal topics such as "The Modern Retail Renaissance: Innovations And Consumer-Centric Strategies" and "Revolutionising The Indian Grocery Industry: Technology, Supply Chains, And Logistics." Esteemed figures from the regional retail arena, including Avnish Kumar, Gautam Gupta, P Jayakumar, Taran Chhabra, and Vikash Hisariya, shared invaluable perspectives during these sessions.

Avnish Kumar, Head of RAI's Telangana Chapter and Managing Director of Neerus Ensembles, articulated the summit's significance as a catalyst for embracing evolving consumer behaviors. He emphasized RAI's commitment to fostering collaboration and innovation, ensuring that retail experiences are not just integrated but also deeply personalized.

Further insights were provided by industry stalwarts such as P Jayakumar, CEO of Apollo Pharmacy, who highlighted the integration of technology in modern healthcare, and Taran Chhabra, Co-Founder of Neeman’s, who underscored the transformative role of technology in promoting sustainability within the footwear industry.

Presented by Ratnadeep Retail and Powered by National Mart, HRS 2024 boasted an impressive lineup of partners, underscoring the collaborative ethos driving retail innovation. With Platinum Partners like Neeru’s Ensembles and Amazon Pay, the event showcased a convergence of industry leaders committed to shaping the future of retail.