IBM today launched it's customized Store Integration Framework (SIF) solution targeted towards Indian retailers.

SIF includes three solutions such as 'IBM Digital Video Surveillance (DVS)', an integrated multi-channel retailing solution and 'IBM any place kiosk solution', which would help retailers address issues related to security, channel integration and customer management.
"With increasing competition, companies are actively looking for IT solutions that will allow them to focus on strategic and innovative business models, IBM India South Asia Director (Solutions) KS Raghunandan said.

Targeting India, a booming economy with tremendous retail industry growth, IBM seems to be doing the right thing. I don't know any other such offerings from other Vendors for Indian Retail Industry. Let me know if you know of any such offering from any other company.