Retailers discuss ways to stay ahead of the curve at RAI Hyderabad Summit

Retailers Association of India (RAI) hosted the third edition of the Hyderabad Retail Summit (HRS) on April 24, 2024 at the Hotel ITC Kohenur Hyderabad. 

HRS is a content-led platform for industry stakeholders across categories to come together to learn, connect and engage in a common dialogue over issues relevant to retail in the region, informs RAI. 

Speaking about the developments in the retail industry, Kumar Rajagopalan, CEO, Retailers Association of India (RAI), said, “The retail sector in Telangana has undergone a rapid transformation, spurred by a modernisation wave that blends offline assurances with online convenience. At the heart of this evolution are our tech-savvy consumers, largely influenced by the region's robust IT industry. These consumers are not just looking for products; they demand seamless integration of online accessibility and the reliability of offline retail experiences. This dynamic shift is pushing the retail industry towards a model that promises the best of both worlds, setting a benchmark for retail innovation across the nation.”

Delivering a special address at the Hyderabad Retail Summit 2024, Shri Jayesh Ranjan, Hon'ble Principal Secretary - Industries, Commerce and Information Technology, Government of Telangana, expressed, “Unless people show willingness and inclination to learn new things, the industry stagnates. One of the reasons why Hyderabad is one of the best cities to live in is because of the retailers. Hyderabad offers whatever a consumer requires like price points, variety - there is something for everyone here.” 

Highlights of the Hyderabad Retail Summit (HRS) 2024 were the in-depth panel discussion on topics such as The Modern Retail Renaissance: Innovations And ConsumerCentric Strategies’, ‘Retail Revolutionised: The Technological Transformation’, and ‘Revolutionising The Indian Grocery Industry: Technology, Supply Chains, And Logistics’. 

Sharing valuable insights on these panels were some prominent faces of the retail industry in the region, namely Avnish Kumar - Managing Director, Neerus Ensembles; Gautam Gupta - MD & CEO, Paradise Food Court; P Jayakumar - CEO, Apollo Pharmacy; Taran Chhabra, Co-Founder, Neeman's, Vikash Hisariya - Managing Director, Vishal Peripherals, among others.