KOLKATA: The four day carnival of Durga Puja lights up the city and thousands throng the streets hopping from one pandal to the other worshipping goddess Durga। Kolkata explodes in a riot of colour. The euphoria that sets in during the four-day carnival brings both a resurgence of economy and faith. For the days that Durga is worshipped, Kolkata is transformed into a city enchanted.
Faith and economy are inexorably linked together with the Durga Puja। The commercialization of the Puja in West Bengal began in a big way in the 1960’s. Businessmen, from the industrialist to the hawker, saw in this annual event an opportunity to mint money.
The textile mills in Ahmedabad, Kanpur and Bombay design something new every year for customers for whom purchasing new clothes is a must in the festive season। Footwear is another important purchase for the average Bengali. While the Kanpur and the other leather units grab a chunk of the market, consumers also prefer shoes from multinational shoe companies. Innovative advertisements from companies before the Pujas have become an annual feature. The Bengali and the Hindi film industries also reserve their extravaganzas for this time of the year.
There is a proliferation of new VCDs and CDs. And sound and video equipment have a good market with manufacturers known to hold back their latest products for the Pujas.
Saturday, October 20, 2007
Decrease in cotton output to help local farmers
NEW DELHI: Indian cotton exporters who are expecting 20 per cent rise in exports and a 10 per cent increase in prices will be highly benefited by a fall in cotton production in the US।
India produced has reached 280 lakh bales in October 2006-September 2007 compared to the previous season, while the production of cotton in the US has declined by 29 lakh bales to 277 lakh bales for the same period।
India recently became the second largest producer of cotton in the world after China। Due to the fall in cotton production in the US, Indian cotton exporters are anticipating an increase in cotton exports to China and other Asian nations in the current season on account of the expected fall in global cotton production. The reduced output in the US gives an edge to India to further intensify cotton exports.
Cotton exports from India have increased by 27 per cent to 60 lakh bales in 2007 compared to 47 lakh bales in 2006। The demand for Indian cotton is expected to grow further in the coming months.
Cotton farmers in the US shifted from cotton to grain crops to ease the rising prices of grain, resulting in fall of cotton acreage in the country।
The surge in Indian cotton export has also been fuelled by the diminishing price difference for the domestic cotton in the global market। Indian cotton is getting better price in the global market. The difference has narrowed down to 1-2 cents from the earlier 6-7 cents.
Indian cotton is accepted worldwide and cotton yield in India has risen significantly over the last couple of years, which will prompt more exports in the coming months।
The increased use of Bt cotton has also contributed to the rise in cotton production by reducing input costs and growers losses. The increase in the value of the rupee by 11 per cent against the US dollar this year is likely to affect profits of the exporters, experts said.
India produced has reached 280 lakh bales in October 2006-September 2007 compared to the previous season, while the production of cotton in the US has declined by 29 lakh bales to 277 lakh bales for the same period।
India recently became the second largest producer of cotton in the world after China। Due to the fall in cotton production in the US, Indian cotton exporters are anticipating an increase in cotton exports to China and other Asian nations in the current season on account of the expected fall in global cotton production. The reduced output in the US gives an edge to India to further intensify cotton exports.
Cotton exports from India have increased by 27 per cent to 60 lakh bales in 2007 compared to 47 lakh bales in 2006। The demand for Indian cotton is expected to grow further in the coming months.
Cotton farmers in the US shifted from cotton to grain crops to ease the rising prices of grain, resulting in fall of cotton acreage in the country।
The surge in Indian cotton export has also been fuelled by the diminishing price difference for the domestic cotton in the global market। Indian cotton is getting better price in the global market. The difference has narrowed down to 1-2 cents from the earlier 6-7 cents.
Indian cotton is accepted worldwide and cotton yield in India has risen significantly over the last couple of years, which will prompt more exports in the coming months।
The increased use of Bt cotton has also contributed to the rise in cotton production by reducing input costs and growers losses. The increase in the value of the rupee by 11 per cent against the US dollar this year is likely to affect profits of the exporters, experts said.
Entreprenuers seek support for apparel park
INDORE: The Madhya Pradesh governments’ claims that it will protect interest of the local industrialists and entrepreneurs have proved futile। The government seems to be hardly concerned about the plight of local investors and they are being treated like an alien in their own land.
The chief minister's recently visited Indore in connection with the global investors meet. The local industrialists raised their concern and explained the bottlenecks coming their way.
An industrialist asked for government's support for the opening of an apparel park in Indore, since the city is among top five cities in the country in the manufacturing of readymade garments.
The Chief Minister was reminded about the promise he had given about eight per cent subsidy to small-scale industries। The Chief Minister did not commit anything about the IT City project. No assurance was given by the Chief Minister about the IT Park to be opened for private investors.
At the outset for the preparations for the global investors meet, the local industrialists had approached the then industry minister Babulal Gaud apprising him of their willingness and full-fledged participation in the global investors meet so that investors could have got an opportunity to take a closer look at the existing industrial scenario in the state and instill confidence in them for making an investment in the state but then state government gave a cold shoulder to their पलास.
The chief minister's recently visited Indore in connection with the global investors meet. The local industrialists raised their concern and explained the bottlenecks coming their way.
An industrialist asked for government's support for the opening of an apparel park in Indore, since the city is among top five cities in the country in the manufacturing of readymade garments.
The Chief Minister was reminded about the promise he had given about eight per cent subsidy to small-scale industries। The Chief Minister did not commit anything about the IT City project. No assurance was given by the Chief Minister about the IT Park to be opened for private investors.
At the outset for the preparations for the global investors meet, the local industrialists had approached the then industry minister Babulal Gaud apprising him of their willingness and full-fledged participation in the global investors meet so that investors could have got an opportunity to take a closer look at the existing industrial scenario in the state and instill confidence in them for making an investment in the state but then state government gave a cold shoulder to their पलास.
KRIL to stop unique discounting strategy
MUMBAI: Koutons Retail India Ltd (KRIL) is a garment retailing company and is perhaps well known as a 50 plus 40 percent discount brand with a large retail presence across the country.
The company was touted to be a leading brand in the cheaper brand category। Due to its unique low price strategy, the company could also appoint over a 1,000 franchisees stores across the country.
On the basis of its growing market positioning, during the past one year the company attracted several private equity investors. After receiving an encouraging response from financial institutions the company also recently concluded an initial public offer to raise Rs 146 crore at a price of Rs 415 a share from the public.
The company believed in fair pricing as a business philosophy and explained that any branded garment is actually priced half its maximum retail price, but is sold to consumers at a much higher price to cover dealer मर्गिंस.
The company has now decided to shelve its 50 plus 40 percent discount strategy and has instructed all the outlets to sell its branded garments at the MRP with immediate effect.
The company was touted to be a leading brand in the cheaper brand category। Due to its unique low price strategy, the company could also appoint over a 1,000 franchisees stores across the country.
On the basis of its growing market positioning, during the past one year the company attracted several private equity investors. After receiving an encouraging response from financial institutions the company also recently concluded an initial public offer to raise Rs 146 crore at a price of Rs 415 a share from the public.
The company believed in fair pricing as a business philosophy and explained that any branded garment is actually priced half its maximum retail price, but is sold to consumers at a much higher price to cover dealer मर्गिंस.
The company has now decided to shelve its 50 plus 40 percent discount strategy and has instructed all the outlets to sell its branded garments at the MRP with immediate effect.
Monday, October 8, 2007
American Home Textiles Market Week offer innovations
The semi-annual market for mid-to-high-end home textiles ‘New York Home Textiles Market Week’ offers buyers and vendors exposure to new ideas, trend information and networking opportunities.
With an focus on seminars and special events taking place during the week, the week previews new designs, staying ahead of the curve, and anticipating consumer preferences।
Penny Sikalis, George Little Management, LLC (GLM) vice-president said that the week offers its buyers and vendors exposure to new ideas, trend information and networking opportunities, in addition to access to nearly 500 better home textiles resources as all this combines to make New York Home Textiles Market Week a must-attend event for retailers।
The seminars highlighted trend forecasts, color information, and insights into consumer preferences for important niche markets, including teens and newlyweds। However, the retailers and suppliers celebrate the opening of Home Textiles Market Week at a special opening reception being organised in the LICENSEtoINSPIRE STUDIO।
Th unique showcase of new products and licensing opportunities, presented by Hearst Brand Development and three of its most iconic brands - Country Living;Seventeen; and CosmoGIRL!- was unveiled during this complimentary reception।
SustainAbility: design for a better world will also showcase suppliers whose materials or production processes are environmentally-friendly, as well as companies whose corporate philosophies are socially responsible, philanthropic or fair-trade oriented।
Further, among the 200 products featured in the display are home textiles from Angela Adams, DreamSacks, Jacaranda Living, Matta New York and Merida Meridian।
Home Textiles Market Week® in New York is the pre-eminent semi-annual market for mid-to high-end home textiles, held concurrently with GLM’s New York International Gift Fair® and the showroom’s New York Gift Week. New York Home Textiles Market Week offers buyers access to nearly 500 bed, bath, linen and home fashion vendors.
With an focus on seminars and special events taking place during the week, the week previews new designs, staying ahead of the curve, and anticipating consumer preferences।
Penny Sikalis, George Little Management, LLC (GLM) vice-president said that the week offers its buyers and vendors exposure to new ideas, trend information and networking opportunities, in addition to access to nearly 500 better home textiles resources as all this combines to make New York Home Textiles Market Week a must-attend event for retailers।
The seminars highlighted trend forecasts, color information, and insights into consumer preferences for important niche markets, including teens and newlyweds। However, the retailers and suppliers celebrate the opening of Home Textiles Market Week at a special opening reception being organised in the LICENSEtoINSPIRE STUDIO।
Th unique showcase of new products and licensing opportunities, presented by Hearst Brand Development and three of its most iconic brands - Country Living;Seventeen; and CosmoGIRL!- was unveiled during this complimentary reception।
SustainAbility: design for a better world will also showcase suppliers whose materials or production processes are environmentally-friendly, as well as companies whose corporate philosophies are socially responsible, philanthropic or fair-trade oriented।
Further, among the 200 products featured in the display are home textiles from Angela Adams, DreamSacks, Jacaranda Living, Matta New York and Merida Meridian।
Home Textiles Market Week® in New York is the pre-eminent semi-annual market for mid-to high-end home textiles, held concurrently with GLM’s New York International Gift Fair® and the showroom’s New York Gift Week. New York Home Textiles Market Week offers buyers access to nearly 500 bed, bath, linen and home fashion vendors.
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