All over the world offline and online retail is now converging. For any online player to succeed in
it has to align with modern physical retail and the same is true vice-versa. Grocery for instance will be a major part of this eco-system and we are surely the leading player in this segment. What we will see is strategic alliances between online and off line players.
But will you be open to strategic alliances in India with online players? You already have a relationship with Amazon
Yes we are open to strategic alliances with online players. That is the way forward. Our relationship with Amazon
is transactional not strategic.
What is the eco-system in retail that you are talking about?
The eco-system will include offline and online retail, payments systems, logistics, insurance, healthcare and entertainment. Walmart has all this and Sam Club and also an alliance with Google.
So they are also following the same strategy. In India
we have the entire eco-system which include brands, factories, supply chain, logistics etc.
You don’t have entertainment?
We can easily offer entertainment by tying up with companies
and offer our customers free tickets for movies. That is also entertainment.
Do you see Future group aligning with a Walmart?
I cannot comment on this. All I can say is that it will be a period of strategic alliances.