18th August 2021, Mumbai:

Flipkart, a Walmart-owned e-commerce behemoth, is establishing four new fulfillment and sortation centers in Bhiwandi and Nagpur, resulting in the creation of 4,000 employment in Maharashtra.

The amenities, which cover a total area of 7 lakh square feet, allow local vendors get access to the pan-India market. The firm stated in a statement that it intended to help local vendors in the state and meet the rising demand for e-commerce. The state's Industries Minister, Subhash Desai, has praised Flipkart's decision to invest in Maharashtra.

From a supply chain viewpoint, Maharashtra was designated as a major center by the firm. With the latest additions and expansions of existing facilities, Flipkart now has a total of 12 supply chain facilities in the state, spanning over 23 lakh square feet and employing over 20,000 people directly and indirectly. The new investments, according to the firm, will assist meet the state's rising e-commerce customer demand while also supporting the developing vendor ecosystem and improving the local economy. The number of vendors in the state has increased by 30% in the last year.

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26th August 2021, Mumbai:

Adidas has teamed with Indian weightlifting champion Mirabai Chanu to market their 'period-proof' tights in India with the launch of its new 'Stay in Play' campaign.

Chanu, who just earned a silver medal in weightlifting at the Tokyo Olympics, is Adidas' newest Indian brand ambassador. She recently unveiled the company's new 'TechFit Period Proof' tights, which have an absorbent layer to assist protect women exercising in sports while on their period from leakage. 

Chanu, who is from Manipur, was also given a personalised pair of weightlifting shoes at an Adidas promotional event, according to her Facebook profile. According to the Press Trust of India, Adidas India's senior brand director Sunil Gupta stated, "It is our goal to revolutionise our product offering and services to better serve the requirements of our varied women population." “Our goal with this device is to keep women in sports by empowering them to workout during their periods.”

“I am ecstatic to see goods that will help ladies break through boundaries and take action,” Chanu remarked. “My desire to continue in the game no matter what has always been my first priority.” Adidas noted in a statement that this new launch took two years of product development. The range, which is available at select Adidas shops around the country as well as online, is meant to let girls and women continue participating in sports throughout the month.

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17th August 2021, Mumbai:

The National Institute of Fashion Technology (NIFT) is establishing ten additional Design Resource Centres (DRCs) at Weavers' Service Centres to promote handlooms (WSCs). Kolkata, Chennai, Bengaluru, Hyderabad, Kannur, Indore, Nagpur, Meerut, Bhagalpur, and Panipat will host DRCs.

The Ministry of Textiles (MoT) said in a statement that these centers will construct and foster design-oriented excellence in the handloom industry, as well as make design repositories accessible to weavers, exporters, manufacturers, and designers for sample/product improvisation and development.

NIFT is establishing DRCs in all WSCs in a gradual way, where exporters, manufacturers, designers, weavers, and other stakeholders would have access to a huge collection of designs and materials.

The MoT has enlisted the help of NIFT because it is an MoT in-house organization, and handloom is a component of it. Furthermore, the handloom sector may benefit from NIFT's experience in fashion and design trends for better market access. In the WSCs of Delhi, Mumbai, Ahmedabad, Bhubaneswar, Guwahati, Jaipur, and Varanasi, DRCs have been established and inaugurated.

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17th August 2021, Mumbai:

For the first quarter ended June 2021, Grasim Industries Ltd., a subsidiary of the Aditya Birla Group, recorded a nearly fourfold increase in its consolidated net profit of Rs. 2,447.97 crore. The business reported a net profit of Rs. 616.99 crore in the April-June quarter of the previous fiscal in a regulatory filing.

During the quarter under review, revenue from operations increased by 52.72 percent to Rs. 19,919.40 crore, compared to Rs. 13,043.51 crore in the previous fiscal.

In Q1/FY2021-22, income from viscose-pulp, viscose staple fiber (VSF), and filament yarn increased by more than thrice to Rs. 2,102.76 crore, compared to Rs. 557.68 crore the previous quarter. However, the category had a 17.9% decline sequentially, with revenues of Rs. 2,583.40 crore in the January-March quarter. “India experienced selective limitations on commercial activity throughout the majority of Q1 FY22, affecting the sale of textile products and resulting in inventory building in the value chain. As a result, the VSF selling volume declined sequentially in Q1 FY22,” it stated.

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Grasim Industries stated that the commissioning of the VSF extension of two lines at Vilayat, Gujarat is on schedule. Line 1 is planned to be operational in the second quarter and Line 2 in the third quarter of this fiscal year.

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26th August 2021, Mumbai:

According to a top business official, Ikea, the Swedish furnishing giant, would establish its first "city store" in India in Mumbai by the end of 2021. Ikea is also developing a city store in Mumbai, which will open in 2022.

As per sources the €15 million stores at Kamala Mills, in the high-rise Worli area, which is known for its upmarket cafes and pubs, will house a restaurant and offer personal shopping, remote planning, and home deliveries.

“Another priority city is Bengaluru. We're exploring chances for comparable city shop models on our own and alongside developers. “Delhi is a city about which we are really enthusiastic,” he added. Ikea has been focusing on smaller stores in major cities across the world, including Shanghai, Moscow, New York, and Paris, in order to get closer to customers and increase sales. Ikea said last year that it wants to establish 50 additional smaller-format stores in major cities across the world.

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The retail behemoth already has a big size shop in Navi Mumbai, as well as another in Hyderabad. The city shops, which are 50,000-100,000 square feet and located on the outskirts of big cities, are significantly smaller than the large format stores, which are about 500,000 square feet and located on the outskirts of large cities. Similar possibilities are also being sought in Bengaluru and Delhi-NCR by the retailer. The Mumbai city shop will include 6,500 goods, primarily smaller furniture and accessories, distributed over three levels. There will be 2,200 goods available for takeout and the remainder will be delivered to your home.

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21st August 2021, Mumbai:

Shahi Exports, India's largest clothing exporter, and the Apparel, Made-Ups & Home Furnishing Sector Skill Council (AMHSSC) recently held a skill training program for several hundred women.  

Haldiram Snacks, one of India's most renowned snack and sweets companies, sponsored the effort. The skill training program was created specifically for economically disadvantaged women. For a period of three months, sewing machine operators and self-employed tailor job positions received training.

The participants were not only awarded diplomas upon completion of the training program but they were also provided positions by Shahi Exports, providing them with a source of income while also improving their confidence. “We are dedicated to empowering and equipping women with marketable skills so that they may gain improved livelihood opportunities,” said Dr. Roopak Vasishtha, CEO and DG, AMHSSC, in a statement. Our goal is to reach out to economically and educationally disadvantaged women in order to increase their participation in the skilling eco-system and assist them to find work.”

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“CSR initiatives can tremendously help to the process of women empowerment in India,” he continued, “because the route towards comprehensive empowerment of Indian women is via skilling and giving them with a job or a business so that they can assure a consistent source of revenue.” Notably, CSR initiatives have aided in the empowerment and upliftment of women in society.

The Indian government has been aggressively supporting CSR-funded skill development programs to encourage widespread skilling, reskilling, and upskilling.

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17th August 2021, Mumbai:

As per the quick dip stick study this I-Day retailers and malls alike experienced a secular increased spending in categories like 'Apparels and Lifestyle Products'

Broadly largest retailer, Reliance Retail registered 20-30% incremental sales than Pre-Covid levels on the back of the fact that recovery keeps happening with consistent unlocking taking place across nation. Same trend was witnessed and echoed by leading retailers, brands including modern retail to establish that economy is on the mend.

WATCH: https://www.youtube.com/watch?v=HNqRPiXRFM8

What is 'Mega trending' is I-Day sales has for sure become an established marketing event/ shopping period evincing enormous response year after year and this HISTORICAL I-Day when India turned 75 was definitely no different notwithstanding we are still amid pandemic.

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