OUTLOOK BUSINESS , 20 Jun 2007 Ranjana Kaushal Veering to the left of the Hero Honda roundabout in Manesar, Gurgoan is a nondescript road. A 100 meters down this path stands a building, which symbolises the rising global acceptance of India’s fashion design industry—the 3,50,000-square feet designing and manufacturing unit of Orient Craft, one of India’s largest export houses. On the ground floor of this Rs 750-crore company, in a glass cabin overlooking the work stations of 100 associates, 42-year-old Anoop Thatai, Joint Managing Director & CEO of the company, is busy discussing the new spring collection for a US…
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Special Correspondent Raj Menon, Mumbai (From TDCTrade.com) With long-term experience in modern supply chains and provisioning, Hong Kong firms in the food and related products sectors - the likes of Heng Tai Consumables and ABS Procurement Co - are sure to be viewing the changing Indian retail scene with more than passing curiosity. Others, like ACM China, the greenhouse specialist, are already getting involved. Recent news tells a fascinating story: Reliance Retail is to invest US$5.5 billion by 2010-2011, to create 100 million sq ft of retail space. Bharti-Wal-Mart is to invest US$2.5 billion by 2015, to create 10…
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MOINAK MITRA & BHANU PANDE The Economic Times DELHI, 10 May 2007 If temping is passé, weekend temping is the new passport for retailers to tide over footfall pressure during the weekends. As families make a beeline for high streets and malls during the weekends, the normal workforce looks helpless. So, retailers are increasingly training their eyes on droves of undergrads who’re willing to work for money, recognition or just the fun of hanging out. Heavyweight retailers like Shoppers’ Stop, Wills Lifestyle, Timex and Airtel to name a few, who see a sudden spike in footfalls over the weekends, are…
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