The national capital witnessed entry of as many as 13 major global retailers in 2012, while many more are expected to enter the Indian market with the Government allowing FDI in multi-brand retail, according to property consultant CBRE.
"New Delhi witnessed the entry of 13 prominent global retailers in 2012 as compared to 27 in Singapore and 51 in Hong Kong," CBRE said in a statement.
The new entries in the Capital was the same as Beijing and Osaka, as per the CBRE report on Retail Hotspots in Asia Pacific. As many as 24 global retailers entered in Tokyo and 15 in Ho Chi Minh City, said the report that aims to identify markets which have been the most successful in attracting retailers.
"Hong Kong, Japan and Singapore top the list of cities for new retailer entries across Asia Pacific," report said.
"However, New Delhi achieved more new entries compared to other South East Asian markets such as Bangkok, Kuala lumpur and Jakarta and has been characterised as a maturing/emerging retail market in Asia-Pacific, similar to the likes of Beijing, Shanghai and Ho Chi Minh City," it said.
Commenting on the report, CBRE South Asia Chairman and Managing Director Anshuman Magazine said global retailers are "slowly but surely" looking at India as a mature and viable market to expand their business.
"With Asia Pacific continuing to lure international and domestic retail chains, India is poised to witness a retail revolution. With the government permitting FDI in multi-brand retail, we can expect more international retailers to seriously consider the growing consumer base here," he added.