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Indian shopping and retail management technology will leapfrog in the coming three years, especially with the increasing usage of mobile and smart phones, says an expert.
The tech-savvy retailers would upgrade to use the latest technologies as an advantage in marketing products and operating cost effectively, according to Anand J Mehta,
Director of Retail for Asia Pacific at the Motorola Solutions Singapore Pte Ltd.
Motorola was already working on tailor-made solutions for the Indian market and diverse Indian retailers, he said on the sidelines of the two-day World Retail Congress Asia Pacific, which opened today.
"All of the technology is in place and it is the work in progress. It is a good time the way the retail industry is maturing, and actually for India, to leap-frog the whole technology solutions," Mehta said.
Mehta expected explosive growths in the consumer-driven Indian retail market, patronised by over 400 million Indians with high purchasing power which is growing
He cited Images Retail Intelligence Services recent data showing a 26.8 per cent growth in India's modern retail in 2010.
Elaborating, he said the Indian retail industry was still in early to mid-stages of maturity.