My journey in the garment industry started when I joined Singh Exports about 30 years back. Having come to Delhi after dad retired from his job in the Oil Industry in Assam, it was a chance meeting with a friend who introduced me to Singh Exports. The office was a comfortable walking distance from my home and totally unaware of what a buying office was all about and without a clue of the textile and garment trade, I took my first step in this industry.
I held my article until the election for the President of the United States of America had been completed… I want to say that almost all the EXPERTS, PUNDITS, NEWS media of all types, were wrong as to the closeness of the race. I do agree the race was deciding on whether a more centrally controlled government, with more socialistic ideas versus a less regulated capitalistic society with smaller central government will be in play. Another way of defining the elections was that the USA was voting for a Center Left versus a Central Right, in the political running of our country.
I was invited to attend and participate in a conference in New Delhi, the week of September 17th – 22nd, located on the beautiful grounds of the India Habitat Center. OGTC, the organization hosting this event, is now 9 years strong, holding their 8th annual conference, and next year at the same time they will be 10 years old.
Giving a big push to reforms, the Cabinet has finally decided to operationalize 51 per cent FDI in multi-brand retail but with a rider, as it left it to the individual State Governments to allow setting up of such stores.
uly retail in the USA was better than expected, since the economy is in a “Snails Race”, to move forward… The EU is waiting to see if the countries like Spain, Italy and Greece will become austere in their economic society of spending or just go broke and move backwards in economic standing and reduce their standard of living.
China purchases 1,000,000 bales of cotton from the USA, it could have been from India! But Indian agriculture now wants to plant other crops like SOY BEAN, to be able to earn more money. Already the cost per pound for July is up almost 0.15c per pound, but yet futures are still in the 0.70’s, but the projections are this is assuredly going to change to a higher price.
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