Business

Please tell us more about the ERP/PLM solutions that your company offers. In what ways are they unique? Coats Digital's VisionPLM is a highly intuitive PLM solution for fast, efficient product development and collaboration. From design to delivery, VisionPLM goes beyond the conventional PLM systems, offering core PLM and best in class functionalities. It helps in streamlining and integrating the critical business processes, from design, material, and product development to supplier capacity...

The easing of sourcing norms in single brand retail trade (SBRT) by the Union Cabinet on Wednesday last will considerably alter the retail landscape in the country. Even though, under the new norms, the compulsion on single brands to open brick-and-mortar stores before venturing into online trade has been moderated, it will now be easier for them to test the waters before going the whole hog. The SBRT announcement came along with a flurry of other decisions related to foreign direct investment...

Subir Ghosh spoke to eight dynamic personalities who have remained in the news for the cutting-edge initiatives they have been taking, bringing about a change in the way business itself is done. There were two questions they were posed: * Has GenNext of the Indian textiles-apparel industry changed the way business is done? * How much do you think India's GenNext is geared up to changing things in the global context? The responses. Dhiraj Agarwal CEO and Co-Founder Campus Sutra Dhiraj Agarwal is...

Has GenNext of the Indian textiles-apparel industry changed the way business is done? I strongly believe the newer generation of India’s fashion/apparel industry has changed the industry narrative in many ways. For instance, we have embraced the online business model in a much wholehearted way from the start. Traditionally, the apparel industry (along with other sectors of retail such as groceries) prioritised the offline mode and organic growth. The internet changed this and brought about a...

The backbone of the textiles and apparel industry, in many ways, are the countless MSMEs that are part of the supply chain. How and where exactly does a fintech company figure in this chain? MSMEs are a huge contributor to the textiles and apparel industry as is the case with the overall Indian economy. This is evident in cities like Tiruppur, Coimbatore and Ludhiana which are big textile industry hubs. Their overall trade cycle indicates that the MSMEs take between 90 and 120 days to meet their...

Right from the summer of 2018 when the draft ecommerce policy was being debated by stakeholders and experts, it was almost a given that the Indian government would sooner or later make that much-needed distinction between online marketplaces and inventory-based platforms. Yet, the modified rules for foreign direct investment (FDI) in ecommerce that were announced by the ministry of commerce & industry on December 26, 2018 took many by surprise. Most had expected any such rule / guideline to be...

Only a year back, the e-commerce landscape was dominated by two players: Amazon and Flipkart. With the acquisition of Myntra and Jabong by Flipkart, it would have appeared as though a process of consolidation had set in, and that the years to come would see the two in a no-holds-barred fight. Now, with the buying of Flipkart by American retail giant Walmart in May, things have changed in a way, and yet in many ways they remain the same. It would still remain a war between two big players, only...

It had been coming for a while. And when the Union government announced that India would now be open to 100 per cent foreign direct investment (FDI) in single-brand retail through the automatic route from the forthcoming fiscal year 2018–19, it was a prelude to the Prime Minister’s interactions with chief executives of top multinational companies at the World Economic Forum (WEF) meeting in Davos, Switzerland. Among other things, Narendra Modi was expressly there to woo investors. FDI: At a...

Cotton Council International (CCI), the export promotion arm of the National Cotton Council of America (NCC), is a non-profit trade association that promotes US cotton fibre and manufactured cotton products around the globe with the Cotton USA trademark. CCI has 60 years of experience promoting US cotton fibre and products to trade and consumers, and works with spinning mills, fabric and garment manufacturers, brands, retailers, textile associations, governments and the USDA to facilitate the...

Conspiracy theories abounded at the peak of the dal crisis, not all of which were entirely unfounded. Everyone knew pulses were being hoarded, but no one had a clue how this was affecting the entire trade and the market. Could hoarding alone lead to such a shortage that prices would skyrocket so much? Unless, of course, this was being done in a concerted manner. And if at all bigger games were at play, then how did the stage-managed scarcity play out? The income tax (I-T) department’s appraisal...