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Utopian Kerala brings forth my point of view on multiple matters from a Kerala context. I would like to keep this blog as an open forum for constructive discussion by all.

Kerala is highly unique, a case study for many economists across the world. On social development, this 'God's own country' ranks among the best in the world. But economic development is still below international benchmarks. This is a unique case of contrast. I would like to share my views here in the larger context of society, business and economy in Kerala.

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Varkeys Supermarket: Is end nearby?

Varkeys Bakery and Supermarket went out of stock for more than two weeks. Customers were returned saying there are some supplier issues which have been sorted out. According to media reports , Varkeys is facing liquidity crunch. Varkeys is reported to have 59 stores across Kerala in different formats generating Rs.180 crore in turnover. Varkeys is now looking for PE funds , which would be slightly difficult to come by as they have failed in an earlier attempt and there are cases of Subhiksha and Vishal Retail winding up or looking for fund infusion. Varkeys is the pioneer in organised retail in Kerala and is known for quality of products they sell but utmost professionalism was always missing. It is widely believed that rapid expansion has brought Varkeys in to this soup. Competition also is hardening with new organised players coming every now and then which includes Margin Free, Reliance and Big Bazaar. There are also neighbourhood stores morphing in to supermarket, as they are ...
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Apple A Day Properties and Malayalam Dailies

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Emmanuel Silks on offensive

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