Textile Industry Report Calls for Capturing Billions in Lost Value A report by management consulting firm, Third Eyesight, has called upon the Indian textile and apparel industry to urgently develop capabilities to capture the value that is being lost due to inadequate focus on product development and value addition. The report titled “Eternal Hope to Reality: Sustained Global Competitiveness for the Indian Textile and Apparel Industry” was released by the Hon’ble Minister of Textiles, Shri Shankersinh Vaghela, and a well-attended industry conference organized by the Federation of Indian Chambers of Commerce and Industry (FICCI) .Highlighting the immense gap between the…
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In classic "Mission Impossible" style, I was asked to research and write a report on how renovations impact retail businesses. Every person I called responded in the same manner. First they laughed, then said "good luck, no one gives out that information" and then several people actually were kind enough to share their company's statistics. After researching this topic I have chosen to divide the subject into three sections: Emotional/Psychological Impact of Renovations, Fixtures Old and New, and Renovation Facts and Figures. The Emotional and Psychological Impact of Renovations Why choose to renovate? The negatives are: renovations are expensive, time…
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Just a decade ago, it might have been hard to imagine that the take-out food of choice for millions of Indians would be a baked good of Italian origin. But since then, calling for a pizza has become quite the urban ritual, though its possible that many of the pies that are rushed to Indian homes wouldn’t be recognised in the country of origin. Like most consumer brand successes, pizza has been customised for the Indian market, from its toppings to its delivery models. And in this fast-growing category, it’s a bunch of homegrown brands that have turned into stars,…
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When I was contacted for an article on supply chain management, for publication towards the end of 2002, two topics came to mind. One of them was a good one to begin a year with, and could form the basis of a “new year resolution” article. The other topic forms the basis of this article. Just as you would introspect about and evaluate a number of other things at the end of the “old” year, how about evaluating your supply chain? Admittedly, it takes a little more time than the six days between Christmas and New Year, but we can…
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By Justine Doody The Indian call centre has become an international cliché. Its employees are young, educated, English-speaking and compared with their compatriots, well-off – and their disposable income, along with that of the rest of India’s fast-growing middle class, is driving extraordinary growth in the country’s consumer goods market. Retail sales in India were worth US$455 billion in 2008, making up 38% of the country’s GDP, which leaves plenty of room for growth when compared with developed markets, and that growth is well under way: in spite of recession troubles in 2008, the retail market grew by an annual…
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