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Overview of the Furniture Sector In India - April 2007
The furniture industry in India is estimated to be worth Euro 5 Billion. Within this, the wooden furniture accounts for Euro 750 million. Of this the imported furniture market is currently worth Euro 75 million and is growing at 50 - 60% each year. The furniture sector in India only makes a marginal contribution to the GDP, representing about 0.5 per cent of the total GDP. The major part of this industry is in the informal sector that is, about 85%. The remaining 15% is in the formal sector and is made up of manufactures and importers catering to the various segment of the industry.
Source: INDO-ITALIAN Chamber of Commerce and Industry
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Overview of the Engineering Sector In India - April 2007
Mechanical engineering industry in India is showing rapid advancements in every sphere of the economy with Indian companies forging ahead in making of defense equipments, aircrafts, sleekly designed cars, vehicles and various industrial devices.
The name technology is now closely associated with mechanical engineering because of its vital contribution to this. Urban development with building of bridges and flyovers, dams etc all requires the contribution of Indian Mechanical Engineering Industry.
Source: INDO-ITALIAN Chamber of Commerce and Industry
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Competitiveness of India's Manufacturing Sector: An Assessment of Related Issues - January 2007
Sustained increase in competitiveness of an economy is a hallmark of economic strength and stability of that economy. Worldwide, there has been an increasing awareness, especially among emerging market economies (EMEs), about the need to strive for improved competitiveness to face the realities of the globalised trading environment. In the case of India, such recognition is reflected during the recent years, particularly in the constitution of National Manufacturing Competitiveness Council.
At the current juncture, the Indian economy is at the threshold of entering the big league through a crucial turnaround in its performance. Such a turnaround has been reshaping India's image as one of the emerging economic powers in the world. India has recognised the opportunities stemming from globalisation and accordingly revamped its policies to promote industry and services sectors.
Source: Munich Personal RePEc Archive
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Globalizing Indian Manufacturing: Competing in Global Manufacturing and Service Networks - January 2007
The pace of change has been blistering. Both the perceptions and the reality of manufacturing in India have shifted radically, even in the last several months.
Less than two years ago, most international observers were still on the fence when discussing the potential of Indian manufacturing. Did India really have what it takes to become a powerhouse in global manufacturing? Opinion on Indian manufacturing is dramatically different today. Recently, the chairman of Toyota Motor Corporation said ".Indian companies are fast catching up. My fear is that Japan will soon be overcome."
The Summit on Indian Manufacturing Competitiveness set out to map the challenges and opportunities of manufacturing in India and other emerging markets.3 The summit was co-hosted by the Center for Global Logistics and Manufacturing Strategies of the Indian School of Business, Deloitte Research, the Global Business Institute of the Stern School of Business at New York University, the National Science Foundation, and the Krannert School of Management at Purdue University.
Source: Deloitte Research
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Furniture Industry In India - A Report from Indo Italian Chamber of Commerce & Industry - November 2006
The idea of India is gradually changing as number of countries showing interest to invest in India is increasing. According to an AT Kearney's FDI Confidence index, India has displaced the US as the second most favored destination in the world after China.
Source: Indo Italian Chamber of Commerce & Industry
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The Great Indian Retail Story - May 2006
Over the last few years, retail has become one of the fastest growing sectors in the Indian economy. Organized retail is expected to grow to 8-9% of the Indian retail industry in the next 5 years and FDI in retail is one of the most talked about topicsnow. There is hectic activity in the sector in terms of expansion, entry of international brands and retailers as well as focus on technology, operations and processes. All these present a tremendous opportunity in this new high growth industry.
Source: Ernst & Young
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The Journey to the High-end of the Spectrum - January 2007
High-end luxury, high-value services and high-technology are fast emerging as the new buzz words across India. Be it in services, retail, real estate, or value-added B2B services, India is fast moving to the high end of the spectrum.
Source: India Brand Equity Foundation (IBEF)
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The Indian Gems And Jewellery Sector - July 2006
The primary function of gems and jewellery (GJ) is to decorate and adorn. However, demand for different types of GJ is influenced by several factors including buyer preferences, properties, varieties, unit values, application, etc. The GJ sector may be further categorised into the following sub-sectors based on characteristics, processing techniques, preciousness in terms of price range and marketability.
Source: ICRA Sector Analysis
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The Gems and Jewellery Sector - January 2006
The gems and jewellery sector can be categorised into the following sub-sectors based on characteristics, processing techniques, preciousness in terms of price range and marketability.
The global market for gems and jewellery today is pegged at US$ 85 billion with key markets having registered an average compounded annual growth rate (CAGR) of 5-10 per cent in the last decade.
Source: India Brand Equity Foundation (IBEF)
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Textiles Sector Report - January 2006
The global textile and clothing industry is worth over US$ 4,395 billion, with clothing accounting for 60 per cent of the market and textiles the remaining 40 per cent. Global trade in textile and clothing is currently at US$ 356 billion and is expected to grow to US$ 600 billion by 2010. The bulk of the increase is expected to be in clothing, which is projected to grow from US$199 billion to about US$ 400 billion.
Source: India Brand Equity Foundation (IBEF)
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Manufacturing hub: Moving beyond auto and pharma - August 2005
For more than a decade, outsourcing from India meant corporations mainly in the US getting software programmers in Indian cities to write codes. Over the last five years, the identity of 'outsourcing' moved away from software code-writing to customer service support functions such as call centres. More recently, India has been recognised as a base for outsourcing of components or final products in the pharmaceuticals and automobile ancillary segments. Indeed, these sectors still make up the export numbers and hog newspaper headlines as well as television time, but elsewhere there is another silent revolution brewing - India emerging as a supplier of components and products in segments beyond automobiles and information technology.
Source: India Brand Equity Foundation (IBEF)
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MANUFACTURING: Global Majors Ramp Up As India Discovers Glass - February 2005
Most of the modern buildings in India's prime commercial complex, the Bandra-Kurla Complex in Mumbai, all housing headquarters of important corporations and banks, sport the same kind of exterior - glass. The same goes for Gurgaon's high rise buildings and the cyber cities of Pune, Hyderabad, Bangalore and Chennai.
Besides the demand to build interior facades, the changing architecture and aesthetic sense has created a strong market for reflective and thick glasses.
Source: India Brand Equity Foundation (IBEF)
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MANUFACTURING: Questioning Convention - February 2005
Defying traditional knowledge that China is good for manufacturing and India for services, the manufacturing sector in India has been moving up the value chain and gathering bonus points on the way.
Be it in automobiles or technology, a fast growing number of multinational companies have begun to see India as a viable manufacturing base.
Source: India Brand Equity Foundation (IBEF)
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SCIENCE & TECHNOLOGY, Indian Institute of Science: India's crucible for innovation - February 2005
In 1893, on board a ship called 'Empress of India' sailing from Yokohama in Japan to Vancouver in Canada, an idea was born in a conversation between two extraordinary Indians - Jamshedji Tata, a great industrialist, and Swami Vivekananda, a great savant.
Commenting on Tata's plans to start a steel mill, Vivekananda is believed to have told him that while manufacturing technology could be imported, India needed a base where research in science could thrive.
Source: India Brand Equity Foundation (IBEF)
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SCIENCE & TECHNOLOGY: R & D, the new sunshine sector - February 2005
Close on the heels of Information Technology enabled Services (ITeS), which has globally positioned India, there is yet another sector, which is showing increasing dynamism and growth. In fact ITeS is faced with competition from a sector in which the country surprisingly spends only 0.81 per cent of the gross domestic product (GDP) -- Research and Development (R&D). That has however, not stopped it from gathering global attention in leading areas of science and technology.
Source: India Brand Equity Foundation (IBEF)
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MANUFACTURING: Made and Designed in India - November 2004
A US $ 700 Indian motorcycle has more electronic applications than even high-end bikes in the developed world. The number of tasks that electronics in a 100-150 cc bike manage is much higher than an advanced 1000-1500 bike in the US.Unimaginable even ten years ago but ever so believable today. For those who reckoned that India had missed the manufacturing bus in the 1990s here's news from the 2000s: India has boarded this time.
Source: India Brand Equity Foundation (IBEF)
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Apparel Retail : Labelling the Indian Market - November 2004
Apparel manufacturer Cavin Cally Fashion runs a single retail outlet in Chennai. Before the end of March next year, it plans to open 20 retail outlets in the neighbouring state of Andhra Pradesh. The company management's ambitions don't end there. Over the next two years, Cavin Cally plans to open at least 250 retail outlets across the country.
Source: India Brand Equity Foundation (IBEF)
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TEXTILES, Post MFA world : India ready for freedom run - November 2004
The atmosphere inside the office of the Self-Employed Women's Association (SEWA), a group of mostly disadvantaged rural women workers in Ahmedabad, Gujarat, is charged up. The women will soon be moving into a modern composite mill to produce garments that meet global quality standards.
Source: India Brand Equity Foundation (IBEF)
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RETAIL: Private Players Promise Retail Makeover in India - August 2004
Till a few years ago, petroleum retailing in India was a staid, even dreary business. Cars, buses and two wheelers drove in, paid in hard cash, and drove out. The environment started changing about five years ago, when Shell "adopted'' some locally owned pumps and did a makeover-as part of the economic reform process.
Source: India Brand Equity Foundation (IBEF)
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RETAIL: The Retail Chain Effect Vendors Get Act Together - July 2004
Delhi-based PA Group of Industries, which makes low-cost watches in a factory located in the hilly state of Himachal Pradesh in north India wants to be Wal-Mart's official supplier of watches in India. The company is currently in negotiations with the global giant, and to impress it, has rigorously upgraded its machines and manufacturing practices and has secured an ISO 9001: 2000 certification.
Source: India Brand Equity Foundation (IBEF)
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MANUFACTURING, Asian Paints: Adding Color to the World - June 2004
Asian Paints was in 1998 advised by global consultant Booz Allen to concentrate on its core business of decorative paints, has set itself the target of becoming one of the top 5 players in this segment. In its march to meet this target, Asian Paints has started gobbling companies in emerging markets with enormous relish over the last few years, and international operations now account for almost 20 per cent of the total revenues of the Asian Paints group.
Source: India Brand Equity Foundation (IBEF)
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MANUFACTURING: Sail Shows Guts of Steel - June 2004
On April 28, the board of India's largest steel-making company approved an ambitious corporate plan that sought to raise the company's capacity from 12 million tons to 20 million tons by 2011-12. When these capacities go onstream, Steel Authority of India Limited (SAIL) will become one of world's ten largest steel companies.
Source: India Brand Equity Foundation (IBEF)
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RETAIL SCENARIO IN INDIA: Unlimited Opportunity - June 2004
Retail sales in India amounted to about Rs.7400 billion in 2002, expanded at an average annual rate of 7% during 1999-2002. With the upturn in economic growth during 2003, retail sales are also expected to expand at a higher pace of nearly 10%. Across the country, retail sales in real terms are predicted to rise more rapidly than consumer expenditure during 2003-08. The forecast growth in real retail sales during 2003- 2008 is 8.3% per year, compared with 7.1% for consumer expenditure.
Source: Confederation of Indian Industry (CII)
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Services Sector Powers Job Growth in India - June 2004
It's a sector that's at the root of India's cutting edge in the world today. In 2001, India's services sector contributed 48.7 per cent to GDP, up from 39.7 per cent before reforms began in 1990. According to Asian Development Bank (ADB) Key Indicators for 2002, the services sector contribution to GDP in India is substantially higher than that in China which stood at 33.6 per cent.
Source: India Brand Equity Foundation (IBEF)
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FOREIGN TRADE: Leather Footwear Wear Kicks into Shape - May 2004
Opportunity knocks at funny places and at odd times. The only rule is to grab them when they come. After languishing with lacklustre performance for years, the leather footwear industry in India is learning to grab all the opportunities that come its way.
Source: India Brand Equity Foundation (IBEF)
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GEMS & JEWELLERY: All That Glitters Is India's Gold - May 2004
At any given time in the day, Jhaveri Bazar, Mumbai is a hub of activity. Shops displaying gold, silver and assorted jewellery stand side by side on street after street, crowded by thousands of goldsmiths, retailers, and mostly women customers. The scene is repeated at Dariba Kalan, Delhi's gold hub. During festivals and the marriage season, shops open at 8 am and stay open till 10 pm. Many of these stores offer an exchange scheme in which old, worn-out 21 and 22-carat ornaments can be bartered away for new jewellery of same carat and weight.
Source: India Brand Equity Foundation (IBEF)
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MANUFACTURING: Surging Ahead - March 2004
Less than three years ago, cynics were writing the epitaph of the India's Old Economy. Burdened by over capacity and declining demand, the manufacturing sector saw profits dip in the first half of 2001-02. Some of India's biggest manufacturing companies - the country's largest commercial vehicle manufacturer - Tata Motors, the country's largest engineering company - Larsen & Toubro, and the country's largest rivate steel company - Tata Steel, all seemed to be in trouble. With import duties falling steadily and the fear of being swamped by Chinese imports, these companies seemed to be staring down the barrel.
Source: India Brand Equity Foundation (IBEF)
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