CAI to set up farmers training institute in Mumbai

2018/04 22 05:04

The Cotton Association of India (CAI) recently cleared a proposal to set up an All India Training Centre for Farmers in the Cotton Green commercial area in Mumbai, CAI president Atul S Ganatra announced at the inaugural session of Cotton India 2018 conference. With over 122 lakh hectare acreage, India has the largest acreage under […]

Digital platform launched for Indian MSME exporters

2018/04 22 05:04

Commerce and industry minister Suresh Prabhu (2nd from left) at the launch of FIEO GlobalLinker in New Delhi. Courtesy: PIB/ministry of commerce and industry A digital platform for exporters in the micro, small and medium enterprises (MSME) industry has been launched by Indian commerce and industry minister Suresh Prabhu. The interesting idea for such a […]

Japan’s ASICS readies to comply with FDI norms in India

2018/04 22 05:04

Courtesy: ASICS ASICS, the Japanese multinational manufacturing footwear and sports equipment, is gradually increasing the share of its products manufactured in India to comply with foreign direct investment (FDI) norms for single-brand retail and will open its own stores in the country. ASICS India currently sources about 10-12 per cent of its total products sold […]

CBME India to kick-start from April 26

2018/04 22 05:04

Courtesy: CBME More than 150 national and international exhibitors from 12 countries and regions are expected at the sixth edition of the Children, Baby and Maternity Expo India 2018 (CBME India) beginning from April 26. The 3- day exhibition will bring together Indian and global suppliers, manufacturers of child, baby and maternity products and services, […]

Indian textile minister hears Himachal’s pending issues

2018/04 22 05:04

Himachal Pradesh industries minister Shri Bikram Singh recently met Indian textiles minister Smriti Irani in New Delhi to apprise her about various pending issues of the state and requested for early approvals and release of funds under various schemes. He said half of the amount for 49 technical programmes had been released and the rest […]

Flipkart’s new Bengaluru campus to consolidate offices

2018/04 22 05:04

Indian e-commerce company Flipkart has set up a new campus in Bengaluru to consolidate its other offices in the city to improve operational efficiency and take advantage of the resulting synergy between various teams and functions. Teams have already moved to the new location and started operating, according to Flipkart head of marketplace Anil Goteti. […]

No action by Indian ministry on plaints on e-comm: CAIT

2018/04 22 05:04

The Confederation of All India Traders (CAIT) is apprehensive over no action by the commerce ministry on e-commerce issues and the resulting detrimental impact on retail trade. Accusing e-commerce platforms of violating the Foreign Direct Investment (FDI) Policy 2016 through deep discounts and loss funding, CAIT criticised commerce minister Suresh Prabhu’s silence. "It appears that […]

CAIT urges Indian PM for separate internal trade ministry

2018/04 22 05:04

The Confederation of All India Traders (CAIT) has written to Prime Minister Narendra Modi urging for a national policy for retail trade and formation of a separate ministry of internal trade. The traders’ confederation has also suggested assigning foreign trade portfolio to the ministry of external affairs instead of the commerce ministry. The traders' body […]

India’s apparel output declines for 10th straight month

2018/04 22 05:04

Courtesy: AEPC India’s apparel production has shown a decline of 4.7 per cent in the month of February and a decline of 9.9 per cent for the period April-February 2017-18 as per the latest IIP figures. Apparel manufacturing has suffered the 10th consecutive monthly decline on account of the issues which have arisen after the […]

India’s apparel exports drop 3.83% to $16.7bn in FY18

2018/04 22 05:04

Courtesy: AEPC/DGCI&S Apparel exports from India dropped by 3.83 per cent to $16.716 billion in April-March 2017-18, compared to exports of $17.382 billion in fiscal 2016-17, according to data from Directorate General of Commercial Intelligence and Statistics (DGCI&S),Kolkata, under the ministry of commerce, Government of India. March 2018 showed fall of 17.78 per cent y-o-y. […]

Organised retail in India poised for strong growth: Report

2018/04 22 05:04

Courtesy: Pexels/Skitterphoto As per capita income increases, organised retail sector in India will witness strong growth in the years to come, and segments like apparel will reap the benefits, says a recent report from an American multinational investment bank and financial services company. Favourable demographics and increasing urbanisation would help in robust growth. Currently, organised […]

Many Flipkart shareholders agree to sell stake to Walmart

2018/04 22 05:04

Several key shareholders in India’s largest online retailer Flipkart have reportedly agreed to sell their stakes to Walmart but the biggest of them, Japan’s SoftBank, which holds 20 per cent stake, is seeking a better price. Flipkart founders Sachin Bansal and Binny Bansal may sell part of their stake as well, according to officials privy […]