Written By CHITRA NARAYANAN The sentiment against Chinese products is helping retailers of Korean products in India Tech and media policy professional Prasanto Kumar Roy’s go-to bakeries in Gurgaon are the Korean ones – especially Sibang and Sonya in South Point mall. He says his favourite dessert is Bingsu, a Korean milk and shaved ice sorbet. Roy also often picks up Korean food items from specialty retail stores in Gurgaon. He is not alone. Korean products – from food to cosmetics and toys – are inexorably finding their way into the shopping carts of Indians. So much so that a…
CONTINUE READING
Written By MANU BALACHANDRAN Mattress maker Duroflex is regaining lost ground by ramping up product development, and expanding into new geographies (Clockwise from top) Mathew Chandy, Mathew Joseph and Mathew George of mattress-makers Duroflex Image: Nishant Ratnakar Mathew Chandy knows well the importance of having professionals in a family business. After all, the 42-year-old had already seen the flipside, quite early in his family business. A graduate of the National Law School of India University, Chandy was witness to his 57-year-old family venture, mattress maker Duroflex, reach soaring highs and brutal lows largely as a result of a family feud.…
CONTINUE READING
Written By Smita Balram, ET Bureau Leading consumer product companies such as Hindustan Unilever, Dabur and Godrej Consumer Products have started replacing raw materials from China with local indigenous ones, as part of their strategy to either reduce or completely eliminate sourcing from the neighbouring country. Sunil Kataria, CEO - India & SAARC at Godrej Consumer Products Ltd, said, “We are developing local sources for these imports. Since the world supplies are dominated by China, it will take some time for alte . Source: economictimes.indiatimes
CONTINUE READING
Written By Sharleen Dsouza India’s largest dairy brands, Amul and Mother Dairy, turned to baking during the pandemic. When you have surplus milk, make butter—and then bake butter cookies. At least, India's largest dairy brand is doing so.The world's strictest lockdown to contain the Covid-19 virus forced 1.3 billion Indians Source: bqprime
CONTINUE READING
Reliance Retail will get the benefit of economies of scale. The products can be bought in large quantities and sold at competitive prices, and would see further improvement in margins due to improving scale. The numbers were already mind-boggling. Reliance Retail is India’s largest, most profitable retail business and is the fastest-growing retailer in the world thus far. Its revenues are higher than the rest of the organised retailers combined. Reliance Retail’s business footprint spans across 11,806 retail stores in over 7,000 towns with 28.7 million sq ft of retail space. It sells more fruits and vegetables than any of…
CONTINUE READING
