The domestic retail industry is getting its act together.a revolution is set to sweep across the country in the next 3-5 years,as trdaitional markets make way for departmental stores,hypermarkets and western style malls.While penetration of organised retail in india remains slightly below 4%,domestic major retail players have announced aggressive expansion plans even as a plethora of new flashy malls are mushrooming in metros and second-rung cities....

Three big-bang initiatives are shaking up the retail sector:

Reliance Industries Rs. 25000 crore mega plan to create 100 million square feet of retail space and a sales target of Rs. 100,000 crore by 2011

Aditya Birla group's Rs.15000 crore retail foray

Retail Giant WalMart's entry via ajoint veture with Bharti

Meanwhile existing retail players r gearing up rapidly to india's retail opportunity

Pantaloon plans to have an operational retail space of 30 million sq feet by FY10......Shopper's Stop is looking at a retail space of 5-6 million sq ft by FY10.....Trent is looking to have nearabout 1.5 million sq ft by FY10....also RPG group,Provogue,Brand House(S kumars retail outlet)and Maxare rolling out ambitious plans across India's metros.tier-1 and tier-2 cities

the organised retail is estimated at over $7 billion and is slated to grow to $30 billion over the next four years....