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Usha Yarns introduces 100% recycling yarns for across supply chain

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Usha Yarns, a renowned producer in India for recycled knitting yarns, has formed a tie-up with The Movement’s Aware technology, based in the Netherlands and the digital platform in order to verify that 100 per cent content is recycled all across the supply chain.

The yarns of the Aware have tracer fingerprints in order to digitally track them throughout the supply chain. Brands can now provide transparency to the customers with the help of the ‘traceability’ features in the yarns. Moreover, the company is aiming to utilize 100 per cent waste inputs and produce quality yarn to be used in the garment.

Usha Yarns is known broadly for its recycling component and has a belief of conserving the natural resources and ensure sustainability.

Also read: FICCI tourism committee urges government to support revival of Indian travel, tourism, and hospitality industry

Relaxo Footwears planning investment of Rs. 150 crore for new facility

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To meet the increased demand for open footwears due to Covid-19 pandemic, the Indian footwear brand, Relaxo Footwears has planned an investment of Rs. 150 crore in this financial year. The mentioned amount, broadly, would be used for setting up a new manufacturing facility in Bhiwandi, Ramesh Kumar Dua, Managing Director at Relaxo Footwears quoted to PTI.

As per the PTI report, Relaxo claims that open footwears account for 80 per cent of their overall turnover. The firm also claimed that the demand for closed footwear has been affected but is expected to pick-up in the coming time due to the onset of winter. Dua also added, on their plan of increasing the product price, that they will be reviewed the pressures of the cost at December ending, after which a final decision will be drawn whether or not to increase the price of the product.

“Our first-quarter revenue was affected due to nationwide lockdown. Second-quarter onwards sales started picking up led by demand for open footwear. We are looking at achieving 90 per cent of last financial year’s turnover in the current fiscal,” he further told PTI.

Also read: South Africa allows Indian tourists to the country with renewed restrictions

Relaxo’s overall ales have reduced this year amid covid and the lockdown imposed due to it thereafter as compared to its previous financial year’s net profit. Relaxo Footwears has been one of the successful Indian brand owning popular brands such as Bahamas, Flite, Sparx, and School Mate.

H&M inaugurates new store at Phoenix Palassio Mall, Lucknow

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Hennes & Mauritz, popular as H&M has opened its first store in Phoenix Palassio Mall located in Lucknow. The two-storey store is expanded in 21,600 sq. ft that will serve everyone by providing them with great fashionable products. However, a few days back, H&M laid off 60 employees given the falling sales.

On the occasion, Amit Kothari, Head of Marketing and Communications at H&M India, quoted, “H&M is excited to continue our expansion in the Indian market even in these unprecedented times with our very first store in Lucknow. We are optimistic that H&M business concept of fashion and quality at the best price in a sustainable way will work very well. With all social distancing norms and safety measures in place, we look forward to welcoming customers to our new store.”

Also read: Indian handicraft preparing for exports; industry showing signs of revival

FICCI Tourism Committee urges govt to support revival of Indian travel, tourism & hospitality industry

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The leaders of FICCI Tourism Committee earlier on Thursday urged the government to provide urgent support in order to ensure survival and revival of Indian travel, tourism and hospitality industry. The request was made during an interactive session with Prahlad Singh Patel, Minister of State for Tourism and Culture, Government of India. The committee members had submitted a few key recommendations for the survival of the industry, the list includes:
-Extending the moratorium for another 1 year,
-Extension of period of restruction for hotels till March 2024,
-Payment of Service Exports from India Scheme scrips, due to the tour operators for the FY 2018-19,
-Export status for foreign exchange earnings for inbound tours and hotels,
-An addition of 3 years beyond 6 years for all licenses during current and next 5 financial years, without attracting any penalty or interest,
-Extension of the repayment period for hotel industry under the Emergency Credit Line Guarantee Schemes (ECLGS) to 10 years,
-Create a separate Tourism fund under the aegis of Ministry of Tourism and bailout packages to fund and support the salaries in the Tourism and Hospitality sector in this time of crisis.

The government should provide tax rebate of Rs. 1.5 lakh to be spent on domestic holidays in the line of Leave Travel Allowance. India should get into a travel arrangement with Russia, that is, a travel bubble between Russia and Goa. Patel, on the behalf of the ministry, has bestowed support and has assured the leaders that the mentioned recommendations will be taken up to the relevant ministries.

South Africa allows Indian tourists to country with renewed restrictions

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Releasing its new relaxed travel restrictions, South Africa has allowed leisure travel for Indians. Now, the country has allowed entry of both business and leisure travelling from India. According to the reports, the travel will begin from November 23, (for business or leisure travel) Indians can send their tourist visa applications to any nearest VFS Global Office.

South Africa’s Consulate General of the Republic is thought to have said that all international arrivals will be allowed but along with the required safety rules and a negative covid-19 test certificate which is mandatory. International travel was shut in Africa from March 2020. The government had decided to open the country’s border for international tourists in October 2020, however, barring India, Germany and the USA, as the number of covid cases is high there.

Now Indians are free to travel to the country but they will have to follow a certain set of rules:

– Compulsory to present a negative Polymerase Chain Reaction test, taken not more than 72 hours before the time of flying.
– In event of inability to present the aforementioned certificate, travellers will have to self-quarantine at their own expense.
– For international flights, the operational airports are Cape Town International; O.R. Tambo International, Johannesburg; King Shaka International, Durban.
– In case your journey begins or involves passing through the ‘yellow fever belt’ of Africa or Central and South America, a yellow fever vaccination certificate is also required.

These are the documents required if you want to apply for a tourist visa to South Africa:

A passport valid for 30 days after the journey dates, with at least two blank pages.
– Three months’ bank statement, with a balance of INR 3,000, officially stamped on the bank letterhead.
– A complete visa application Form-11 (DHA-84).
– Proof of hotel booking.
– A daily itinerary.
– Valid air tickets or proof of a hotel reservation.
– Two passport-sized photographs.
– Passport copies.
– Original cover letter confirming the duration of travel and trip details, signed by the traveller

Hong Kong barres Air India after aboard passengers found covid-positive

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After a few passengers were found infected of covid-19, Hong Kong Airport Authority has barred Air India flights for another period of 14 days. These bans are put when an airline carries as many as 5 covid-positive passengers and the rule is uniform for all the airlines. Other than this, Hong Kong had also banned Vistara given the same reason.

Speaking over the issue, the official at Air India mentioned that they have been following all the required precautions as a negative covid-19 certificate stays mandatory for all the passengers. Therefore, the possibility of the aboard passenger testing cannot be ruled out entirely. Air India also mentions that there is no chance that they miss out during the security check.

Leisure travel to increase this festive season, AirAsia India survey gives hope to airline industry

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Before the covid had reached our country, people use to prefer trains, buses or aeroplanes to commute to other cities rather than preferring personal vehicles. However, a low-cost India carrier has performed a survey that found that the number of people travelling via their personal vehicles has increased four times during post-lockdown time. The survey had received answers from respondents who had travelled with the carrier in the last two years. The findings are of a ‘Travel intent’ survey carried by AirAsia India.

In the pre-covid time, only 9 per cent people travelled via a personal means, surprisingly, this number rose to 35 per cent post lockdown. Apart from this, the percentage of people preferring for an air journey had also reduced from 80% before covid to 55% post the lockdown.

2,400 passengers gave their responses in the survey. The survey revealed the drastic shift of people preferring personal or hired vehicle in the month following the lockdown rather than a shared source of travel. Between July and October, only 25% of respondents travelled post lockdown.

However, the survey provided a hope to the airline industry as 84% respondents said that they would plan to travel in the next 3 months and they would choose to board a flight for the same, however, at the same time, 12% chose travelling by a personal conveyance. Only 2.5% would either hire a vehicle or would opt for a train journey.

Further, the bright spot was that this festive season is going to witness an increase in leisure travel where, 40% would go on a holiday, 30% would visit their hometowns, according to the received responses during the AirAsia India survey. However, pre-covid times witnessed 32% of respondents who went for leisure travel, but post-lockdown made up for a mere 6%.

Indian handicraft preparing for exports; industry showing signs of revival

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After reeling for months due to covid and the lockdown imposed thereafter, Indian handicraft sector is now ready and working for revival of export during the year’s ending quarter. Usha Exim Pvt Ltd which is a free trade export group is hopeful in upturning of the Indian handicraft sector exports amid the festive season which may effect great demand of their product in the global market.

The global markets are now better as they have accepted and are practicing the ‘new normal’ introduced by the global pandemic. Showing a new ray of hope, Usha Exim Pvt Ltd, Leo Shastri mentioned that the concerned market is showing revival signs after it was affected for several months and due to migration of the weavers and craftsmen. He also foresees a jump in the exports during 2020 second half, likewise previous year. The Indian handicraft export targeted to cross Rs. 24,000 crore mark by Financial Year 2020-21, but the covid scenario has put a long wait over the expectations which have no possibility to be accomplished as of now.

However, the official data about the exports for the year 2020-21 is yet to be announced, but the industry reckons that it could have fall quite short of its expected mark.

Also read: Gem and Jewellery Export Promotion Council inaugurates virtual buyer-seller meet

Leo Shastri, talking about the scenario, quoted, “Handicrafts are unique expressions and represent a culture, tradition and heritage of a country. The Handicraft Industry is one of the most important sectors that provides livelihood to millions of people. This year, for various suppliers across India, the demand had come to a standstill forcing many shut downs and bankruptcies. However, thankfully things are getting better now and hopefully we will all learn from the mistakes we have made.”

Further, he continued, “Compared to the first quarter, we have had an increase of approximately 20% and 35% in the second and third quarters respectively. And, that’s why we strongly expect that Indian handicraft export will pick up in the last quarter of 2020. Aggressive demand is not there and the prices have dropped in the US and Europe markets. The quantities have dropped along with the prices affecting the entire supply chain from production to logistics to end-retail. However, as we head towards Christmas, we are expecting that the festive season will infuse greater demand in the market.”

Gem and Jewellery Export Promotion Council inaugurates virtual buyer-seller meet

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34 International buyers were able to connect virtually during the three-day virtual buyer-seller meet inaugurated by the Gem and Jewellery Export Promotion Council earlier on Wednesday. The virtual meet was for silver, fashion and costume jewellery to help the segment gain share in the global market. As suggested by the GJEPC, the participants were from countries like the US, Spain, Italy, Canada, Ireland, Russia-CIS, Mexico and Latin America.

GJEPC Chairman Colin Shah in a statement quoted, “Through VBSMs, exhibitors have been gaining access to new markets. India’s silver jewellery (plain and studded silver jewellery) exports have been growing at over 50 per cent year-on-year to USD 1.687 billion in 2019-20, from USD 837.81 million in 2018-19. India’s edge in silver handcrafted jewellery, both plain and studded, along with design expertise and cost-effective labour, provides impetus to the sectoral exports.” Shah has also announced the virtual format of International Gem and Jewellery Show (IGJS). This show launched only for international buyers will be held from January 18 to 22, in 2021.

Also read: Adman Vishwajeet Singh Rana launches exclusive fashion label for men, sons + fathers

However, Commerce and Industry Joint Secretary Suresh Kumar, quoted that in spite of the pandemic the covid-19 pandemic, the recovery of the silver jewellery sector has been quite fast. “Indian silver (plain and studded silver jewellery) exports from April to September 2020 stood at USD 864 million, which is almost 50 per cent of last year. Silver is comparatively cheaper, so consumers are inclined to buy more, and it is the best-performing commodity,” he concluded.

Italian brand Carpisa enters Indian market, Inaugurates first store in DLF Mall, New Delhi

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Carpisa, a well-known Italian lifestyle brand has reached the Indian market after its first store was launched in the DLF Mall of New Delhi. Carpisa is known for its products like bags, leather goods, briefcases, accessories, leather goods, for women as well as men. This luxury brand was established in 2001. It is spread over 40 countries with over 600 outlets and now open to an opportunity to establish the brand and its operations in North India as well.

On the occasion, CEO of Pianoforte Holding, Gianluigi Cimmino quoted that he was quite happy to be introducing the brand in India. However, he mentioned that it will a challenge for the company to establish their name in such a large market but he was confident that their companionship will be progressive.

Also read: Amid falling sales, H&M India lays off 60 employees

Anurag Ahuja serving as the Partner Shopaholics of Master Franchisee for Carpisa in North India, mentioned, “ We are excited to launch our Brand Carpisa in India at the most important location DLF Mall of India, Noida. It’s our pleasure to serve Indian customers by providing world-class and unique products at very affordable pricing. We are looking at rapid expansion across North India despite the tough economic scenario, as we believe in the Uniqueness of Carpisa Products. We also thank the entire Management team of DLF under Pushpa Bector, who have provided us unflinching support during this Pandemic and Look to increase our association with DLF in their other prominent locations.”

It is yet to be discovered how Indian people respond to the Carpisa brand and its services.