Subhiksha’s Subramanian takes over a chairman of Indian Retail Forum from ICICI’s Vaidyanathan
11 Sep 2008
Chennai: R Subramanian, managing director of Subhiksha will take over as the new chairman of the Indian Retail Forum (IRF) for the year 2008, succeeding V Vaidyanathan, ICICI Bank's executive director.
Accepting his new role, Subramanian said, ''It is a true honor to be selected as chairman of the IRF and I accept this with the wish to exceed expectations of all stakeholders. I aspire to make the IRF an intellectually stimulating and inspiring platform and look forward to working towards empowering the Indian retail sector with global best practices and take it to even greater heights.''
The Indian Retail Forum is scheduled to be held in Mumbai from September 16th to 18th, 2008 at The Renaissance Hotel.
Outgoing IRF chairman V Vaidyanathan said, ''As I hand over the reigns of the IRF to its new chairman, I am confident that Mr. Subramanian, with his visionary thinking and leadership skills will take this forum to newer heights. The unparalleled growth of his company Subhiksha despite a slowing economy is testimony to his ability in evolving a unique and India centric model. I welcome Mr. Subramanian as the new chairman of the IRF.''
Subramanian will chair the 2008 edition of the Magnum Opus of Indian retail, where over 3000 participants from across the globe - including retailers, retail support fraternity, mall developers, real estate developers, funders and delegates from industry would come together to understand and explore the world's most lucrative retail market.
The event is intended to showcase the business of retail in the region to a global audience, with the objective of facilitating understanding about the retail business in India and encouraging investment in the same.
Some of the core issues to be taken up for deliberation in the forum would include innovative strategies in production & processes, reduction in wastages, value & quality addition, employment generation, remunerative income for farmers, hygiene and safety, price balancing mechanism with market expansion etc.
