There are many myths that are prevalent among the observers of the Indian textile and apparel industry. Here are a few illustrative ones that point to the need to seriously review of the way the Indian industry competes globally:
• Myth # 1 – To grow, India needs to do what China has done
• Myth # 2 - India is competitive because Indian labour is cheap
• Myth # 3 - Indian handiwork is irreplaceable
• Myth # 4 - Compared to China and other Asian giants, the fragmented supply base of Indian manufacturers is more flexible and can competitively fulfil small orders
• Myth # 5 - India needs to focus on its core strengths – for example, India has a sustainable advantage in cotton that will maintain its competitive edge
To break-through, Indian industry has to consistently apply the 4-D Framework
-> Define
-> Design
-> Develop
-> Deliver
All of these are seemingly simple, disparate steps. However, put together and carried out consistently over a period of time, they can move the Indian industry into a different orbit. Let’s imagine an old valve radio – the tuning knob had two parts – a large outer piece to select the major frequency, and a smaller inner part for fine-tuning closer to the frequency. Many of the industry’s moves are short-term oriented and many government policies are helping to fine-tune the frequency set by the industry. We would ask the industry to “Change the Frequency”, and select the path of higher value growth.
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Comparative study of compliant & non compliant RMGAzmir Latif Beg
The ready-made garment (RMG) industry of Bangladesh started in the late 1970s and became a prominent player in the economy within a short period of time. The industry has contributed to export earnings, foreign exchange earnings, employment creation, poverty alleviation and the empowerment of women. The export-quota system and the availability of cheap labor are the two main reasons behind the success of the industry.
Comparative study of compliant & non compliant RMGAzmir Latif Beg
The ready-made garment (RMG) industry of Bangladesh started in the late 1970s and became a prominent player in the economy within a short period of time. The industry has contributed to export earnings, foreign exchange earnings, employment creation, poverty alleviation and the empowerment of women. The export-quota system and the availability of cheap labor are the two main reasons behind the success of the industry.
A report on the subcontracting in the garment industry in gurgaon, SLD - Feb...SLDIndia
WAGE STRUCTURES IN THE INDIAN GARMENT INDUSTRY
The Indian economy adopted a liberalised economic policy regime after 1990--91, in an attempt to ensure greater integration of the domestic economy with global competitive markets. This was motivated by the policy assumption that opening up of domestic markets would enhance the competitive efficiency of domestic business enterprises on account of transfer of technology, knowledge and skill sets from abroad. A large set of literature has shown that despite the modernisation of domestic enterprises over the past two decades, the Indian manufacturing sector has failed to propel itself on a high growth trajectory (Unni and Rani, 2004). Contrary to the policy belief, severe competition in the global export markets have led domestic firms to resort to cost cutting labour market strategies that have led to the widespread prevalence of oppressive labour relations across the Indian manufacturing sector (Vijay, 2009).
In a bid to remain globally competitive, firms have targeted reduction of labour costs as a tool to ensure a reduction in production costs. This is evident in firms denying payment of minimum wages, social security, or fringe benefits to its workforce and increasingly resorting to informal employment contracts that ensure flexibility to businesses in terms of labour costs. Persistent minimum wage violations or
Economical Importance in Fashion IndustryVISHWA VARUN
Fashion is, Fashion is a popular style in a particular time or practice by definition, change.
Success in fashion comes with the ability to grasp and recreate in clothes and accessories the ethereal spirit of the time and voluble desires of customers.
Fashion adds an important design dimension to textiles or leather artefacts, which is capable of providing a continual and varied flow of new products.
The factories manufacture clothes, but consumers buy emotions, hope and dreams.
Fashion retail is typically a consumer goods market.
It is characterized by very short product life, fickle consumer preferences, numerous competitors, relatively easy entry and exit, and a myriad of manufacturing, marketing and retail alternatives.
Retail management-Textile|Garment|Apparel Industry overview, Top 3 apparel br...Kartik Mehta
Indian Apparel Industry has carved out a niche in the global markets and earned a reputation for its durability, quality and beauty.
Changing consumer preferences - buying branded apparel and fashion accessories, Major boom in retail industry, People shopping at department and discount stores
Shopping malls, With rising disposable incomes, Government policy focused on fast-track textile export growth, these all factors have invited and attracted more and more foreign investments into Indian apparel industry
High discounts on branded fashion clothingJeff Crown
Wicked Innocence is leading store of branded clothing, dresses and intimate apparels are available at affordable price. Corsets, little black dress, lingerie, loungewear, gowns, robes and many more products are offered at discounted price. Free shipping over $99 purchase.
BusinessVibes organized Textile webinars to showcase industry trends and growth updates from textile industry experts and chiefs at prominent associations at Textile Machinery Manufacturers Association (TMMA), Bangladesh Garment Manufacturers and Exporters Associations (BGMEA), Bombay Textile Research Association (BTRA) and Towel Manufacturers Associaiton of Pakistan
It is even easier to roam around in Jaipur as from now it has its own Metro. You can plan a visit to Jaipur to see the heritage of the beautiful city and also the Rajasthani food that will leave your mouth watering. Laxmi palace hotel is a place where you can plan your stay as this is the affordable heritage hotel where you can relax and enjoy after your schedule during the city visit.
A report on the subcontracting in the garment industry in gurgaon, SLD - Feb...SLDIndia
WAGE STRUCTURES IN THE INDIAN GARMENT INDUSTRY
The Indian economy adopted a liberalised economic policy regime after 1990--91, in an attempt to ensure greater integration of the domestic economy with global competitive markets. This was motivated by the policy assumption that opening up of domestic markets would enhance the competitive efficiency of domestic business enterprises on account of transfer of technology, knowledge and skill sets from abroad. A large set of literature has shown that despite the modernisation of domestic enterprises over the past two decades, the Indian manufacturing sector has failed to propel itself on a high growth trajectory (Unni and Rani, 2004). Contrary to the policy belief, severe competition in the global export markets have led domestic firms to resort to cost cutting labour market strategies that have led to the widespread prevalence of oppressive labour relations across the Indian manufacturing sector (Vijay, 2009).
In a bid to remain globally competitive, firms have targeted reduction of labour costs as a tool to ensure a reduction in production costs. This is evident in firms denying payment of minimum wages, social security, or fringe benefits to its workforce and increasingly resorting to informal employment contracts that ensure flexibility to businesses in terms of labour costs. Persistent minimum wage violations or
Economical Importance in Fashion IndustryVISHWA VARUN
Fashion is, Fashion is a popular style in a particular time or practice by definition, change.
Success in fashion comes with the ability to grasp and recreate in clothes and accessories the ethereal spirit of the time and voluble desires of customers.
Fashion adds an important design dimension to textiles or leather artefacts, which is capable of providing a continual and varied flow of new products.
The factories manufacture clothes, but consumers buy emotions, hope and dreams.
Fashion retail is typically a consumer goods market.
It is characterized by very short product life, fickle consumer preferences, numerous competitors, relatively easy entry and exit, and a myriad of manufacturing, marketing and retail alternatives.
Retail management-Textile|Garment|Apparel Industry overview, Top 3 apparel br...Kartik Mehta
Indian Apparel Industry has carved out a niche in the global markets and earned a reputation for its durability, quality and beauty.
Changing consumer preferences - buying branded apparel and fashion accessories, Major boom in retail industry, People shopping at department and discount stores
Shopping malls, With rising disposable incomes, Government policy focused on fast-track textile export growth, these all factors have invited and attracted more and more foreign investments into Indian apparel industry
High discounts on branded fashion clothingJeff Crown
Wicked Innocence is leading store of branded clothing, dresses and intimate apparels are available at affordable price. Corsets, little black dress, lingerie, loungewear, gowns, robes and many more products are offered at discounted price. Free shipping over $99 purchase.
BusinessVibes organized Textile webinars to showcase industry trends and growth updates from textile industry experts and chiefs at prominent associations at Textile Machinery Manufacturers Association (TMMA), Bangladesh Garment Manufacturers and Exporters Associations (BGMEA), Bombay Textile Research Association (BTRA) and Towel Manufacturers Associaiton of Pakistan
It is even easier to roam around in Jaipur as from now it has its own Metro. You can plan a visit to Jaipur to see the heritage of the beautiful city and also the Rajasthani food that will leave your mouth watering. Laxmi palace hotel is a place where you can plan your stay as this is the affordable heritage hotel where you can relax and enjoy after your schedule during the city visit.
It could well be considered the beginning of the Golden Era for the Indian textile industry. The current year and beyond promises to be an excellent period of growth for the industry. In our recent interaction with industry leaders, a sense of optimism and confidence was quite evident. The Government is expected to announce its new textile policy with an ambitious target of achieving 20 per cent share of the global textile trade and helping the domestic industry attain a size of $650 billion by 2024-25 by focussing on investments, skill development and labour law reforms. The policy blueprint, termed the ‘Vision, Strategy and Action Plan for the textiles and apparel industry, lays thrust upon diversification of exports through new products and markets along with increasing value addition and promoting innovation and RandD activities. Dr. Rohit Agarwal "Golden Era of Indian Textile Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2 , February 2019, URL: https://www.ijtsrd.com/papers/ijtsrd21374.pdf
Paper URL: https://www.ijtsrd.com/other-scientific-research-area/other/21374/golden-era-of-indian-textile-industry/dr-rohit-agarwal
Indian Textile Industry: Opportunities, Challenges and SuggestionsCrimsonpublishersTTEFT
The Indian textile industry is highly fragmented and labor-intensive. The textile industry is being dominated by unorganized sector and Small and
medium industries. The foreign investors are not investing in the textile sector which is also one of the areas of concern. The government policies and
tax structure are not favoring this industry textile industry is highly competitive and the present situation demands the companies to benchmark their
products with the best in the world and try to upgrade the quality and production processes. The paper tries to provide insights into the Indian textile
industry. The article attempts to explain the opportunities, challenges and suggestions
Indian Textile Industry: Opportunities, Challenges and SuggestionsCrimsonpublishersTTEFT
The Indian textile industry is highly fragmented and labor-intensive. The textile industry is being dominated by unorganized sector and Small and medium industries. The foreign investors are not investing in the textile sector which is also one of the areas of concern. The government policies and tax structure are not favoring this industry textile industry is highly competitive and the present situation demands the companies to benchmark their products with the best in the world and try to upgrade the quality and production processes. The paper tries to provide insights into the Indian textile industry. The article attempts to explain the opportunities, challenges and suggestions.
There has been a tremendous amount of
literature and discussion on retail formats and present concern
seems to be the viability of various formats, particularly in
the Indian context. Whereas the idea of retailing has caught
up the fancy of corporate investors including some of the big
names in the Indian corporate world, and many of them have
diversified, integrated and changed various operating
parameters with respect to improving the service efficiency and
quality, the main question remains as to the profitable
operating format, size and display characteristics.
Transferring and applying manufacturing principles and
practices to improve both service efficiency and service
quality is an important area of research in service operations.
Research work advances this stream of research by examining
the compatibility of operating efficiency and service quality.
Specifically, our research paper addresses the following
questions: Do operating efficiency and service quality have to be
traded off, or can they exist in unison (are they compatible)
What aspects of service quality have a stronger association
with operating efficiency? How synergies from a combination of
retail formats can be used to optimize profitability of retail
operations? Overall, our analyses suggest important strategic
decision-making implications for service operations managers
and provide novel insights for academic research.
Whereas the operating margins and profits have not given
any incentive for promoters to invest in organized retail
business, the Indian retailers have been on the lookout for a
successful formula for increasing margins and profits. The
future of Indian retailing will hinge on finding a suitable
answer by any means: Be it a joint venture or cooperative
effort; or an integrated effort with the participation of
multiple retailers under one roof and making use of synergies
and cost efficiencies to improve bottom lines – which
incidentally is the most important concern of organized retail
industry. The future of Indian retailing in the organized
formats is still a question mark; but as the industry goes through
the evolutionary process we need to wait and see what the
future holds for this upcoming industry as it is promising for
employment opportunity! Developments in social centric
marketing techniques and social networking will have a profound
influence
Textile Industry. Cotton Fabric Manufacturing Business. Business Opportunities in Clothing Industry
Textile is a flexible material formed using different processes, such as knitting, weaving, felting, or crocheting. These materials are used in the manufacturing of a wide range of conventional, as well as advanced finished goods, in kitchen, upholstery, bedding, transportation, construction, protective, handbags, medical, apparel, ties & clothing accessories.
India Textile Industry is one of the leading textile industries in the world. The Indian textiles industry, currently estimated at around US$ 150 billion, is expected to reach US$ 250 billion by 2019. India’s textiles industry contributed seven per cent of the industry output (in value terms) of India in 2017-18.It contributed two per cent to the GDP of India and employs more than 45 million people in 2017-18.The sector contributed 15 per cent to the export earnings of India in 2017-18.
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Retail wasn't born yesterday - Devangshu DuttaDevangshu Dutta
Retail is such a pervasive and dynamic a sector of the economy, that it is impossible to identify a single point at which modernisation began. I’ve met countless people who perhaps entered the (Indian) retail sector during the last 15 years, and who mark the beginnings of modern retail around then. There is no doubt that there has been an explosion of investment in retail chains in the last 2 decades, but we need to acknowledge the foundation on which this development is built. The current titans of the sector are standing on the shoulders of previous giants who have created successes and failures from which we are still learning.
This piece is not an exhaustive history of the evolution of the retail business in India, nor a census of all the brands operating in this sector, but the aim is to capture the flavours of the phases of development.
Devangshu Dutta - Philosophy of Education: Learnings from Ancient TextsDevangshu Dutta
Talk delivered at the ‘Global Summit on Science and Spirituality for Peace’ at MIT World Peace University, Pune. The theme of the Summit was ‘Integration of Science, Technology, Innovation and Spirituality for World Peace’. The talk began with these two questions: Are ancient texts relevant beyond the realms of spirituality, philosophy, literature or history? What are the gaps in modern education where the past could be useful?
The talk ended with two themes essential for the future: learnability and environmental sustainability.
Impact of Modern Retail and Foreign Direct Investment (FDI) - Prime Source Fo...Devangshu Dutta
There are two sides to the story: modern retail as the benefactor and modern retail as a scourge. Has there really been a change, any significant benefits accrued? How do people in the supply chain feel?
What are the changes taking place?
Deconstructing Zara - India Fashion Forum (2004)Devangshu Dutta
Zara offers clear lessons for companies looking to improve their fashionability index with the consumer as well as their supply chain efficiency. (A presentation made at the IMAGES Fashion Forum, February 2004, by Devangshu Dutta, chief executive of Third Eyesight - http://thirdeyesight.in.)
Addressing some common questions asked by new entrepreneurs:
1) How are startups evaluated?
2) Several companies with customer traction, markets, scale are not funded – why?
3) What can make a venture more fundable?
The road to modernising retail in India is long, and only the first few steps have been taken yet. There are immense opportunities for challenging existing business models and assumptions, and for creating exciting new brands and lasting businesses.
Myth and reality of the retail revolution in India (2006)Devangshu Dutta
Much has been written about the retail revolution in India, with the visible growth in malls and consumerism seeming to be sprouting everywhere. But the real explosion us yet to come.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.