Swedish retailer Rusta which has been sourcing products from India for the past 10 years is now planning to open its own office in India. “We are very positive about India and we think it has potential to contribute to our growth more than what it is currently,” says Goran Westerberg, CEO, Rusta.
Reacting positively to the monetary policy, Dr. A Sakthivel, Chairman AEPC welcomed the move by RBI to lower the repo cut by 25 bsp and adjust the reverse repo rate to 6.25%. “These measures will spur the demand and boost the industrial output. For the easing of the tight market liquidity conditions on the backdrop of lower inflation, gold and crude prices there were room to manoeuvre. Inputs cost over the times for the garment sector has escalated which results into high cost and weak profit,” said the Chairman.
Hi-Tech International, Tirupur, organizers of the hugely popular KnitTech fair is geared up to introduce a new fair in Surat – INDIA TEXPO 2013. Scheduled to be held from 18th-20th October 2013 at SIECC Surat, the fair is being positioned as a complete supply chain fair for the textile industry. “Not only Surat, but Gujarat State is poised to grow fast in textile as well as apparel due to the supportive policies of the local Government. Already about 100 spinning mills companies of South India are in the process to start their operation in Gujarat. So organizing an event in Surat is the need of the hour,” reasons M.A. Rayappan, Chairman of Hi-Tech International. The key question is that since there are already many exhibitions being organized in Surat to address industry needs, how will INDIA TEXPO 2013 be any different.
With the idea of nurturing budding talents in the field of jewellery design, Swarovski Elements recently hosted the second edition of Jewellery Design Awards in New Delhi. The company invited entries from all across the country, expansive of jewellery design enthusiasts from a variety of fields including jewellery designers, couture designers, prestigious Indian jewellery brands, design students and master craftsmen.
Sumeet Exports, a Ludhiana based exporter of kidswear, has gone in for 20 per cent manpower cost-cutting of unskilled workers and helpers on the shop floor, resulting in the company to be more competitive and productive. Sumeet Thapar, MD said, “We have a strong HR department which focuses on training and development of workers. Over the last one year the IE Department, HR and shop floor have worked together to bring about improvements, like the operator himself will cut the extra threads in the line instead of an extra worker which we were hiring earlier for thread cutting. In the same vein, we focus to make our workforce more skilled by training them on extra operations so that they can do various works themselves instead of depending on others. Although it was not easy, as in the beginning the workers thought that they would be doing extra work, but after the learning and execution, they were happy to do more work in the same time without any extra efforts.”
Though trouser exports were never India’s strength, but some players are doing well in this segment having created a niche with international buyers. Some of these players are now looking to increase their capacities not only in stitching but also in backward integration like washing and processing. One such company is 4 Creations in Bangalore, manufacturing one lakh pieces a month, 65 per cent of which is denim and the rest is non denim for export and domestic use.