One Indian businessman is not afraid of American e-commerce giant Amazon , which is slowly trying to strengthen its hold on the Indian market. Future Group CEO Kishore Biyani is a man who does not get swayed by fads. He doesn't believe in the prophecies of online retail wiping out brick-and-mortar business, not in India at least.Biyani has a different vision. But that’s where Future Retail will offer a challenge. Future Retail is is planning to build a loyalty-based convenience stores, which will be driven mainly by low prices.

Source: Economic Times November 28, 2017 09:11 UTC