India
High Value Added Consumer Products Sector Review
Definition and scale of sector
- Tableware ceramics,
- Jewellery,
- Crystal glass,
- Leather goods,
- Clothing, carpets
- General Engineering
- General Manufacturing
Why the sector was chosen in the West Midlands
- Longstanding concentrations of traditional consumer product industries in older urban core. Also craft based production an important component in some rural economies.
- Key influence played by design and marketing in the development of a future for these industries around improved value added opportunities.
- Process efficiency improvements important in sustaining volume manufacturers.
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Crafting A New Course - December 2007
The handicraft sector, which is dominated by small, unorganised players, is emerging as a flourishing economic activity in India, generating thousands of new jobs and fetching increasing revenues. One often lands up in a state-run emporium to pick up those lovely carpets, handcrafted jewellery and even embroidered clothes. Whether it’s for self-consumption or as gifts, there is nothing like buying handicrafts.
This segment is witnessing a boom with increasing exports and domestic consumption – which in turn is generating more employment. “Exports of handicrafts have been rising consistently at an average of 15 per cent per annum for the past decade,” says Sanjay Agrawal, development commissioner (handicrafts), Ministry of Textiles. “In fact, total exports of handicrafts during 2005-06 were in the range of $3.6 billion against $2 billion during 2000-01.”
Source: India Brand Equity Fund (IBEF)
Fashioning a New Business - December 2007
India, globally renowned as an outsourcing destination especially in Information Technology, is now heralding a new wave of outsourcing. But there is no complicated technology involved in this. India is now being identified as one of the fast emerging centres for outsourcing apparel and fashion design. This may not come as a surprise though, since India is among the top five garment exporters in the world, next only to China.
And interestingly, the city that fetched India recognition in the IT sector is driving the new wave of outsourcing. Bangalore, the capital of the south Indian state of Karnataka, which has added a new word to the English lexicon, is now home to some of the new breed of fashion design studios that take up apparel and fashion outsourcing contracts from well-known brands from the western world.
Source: India Equity Brand Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
The Journey to the High-end of the Spectrum - A Report from IBEF - November 2007
As the world continues to buzz about the growth, the rise in living standards and the growing investment into India, headlines proclaiming ‘The rise of the great Indian middle class’ have become second nature. Yet, without as much fanfare, almost behind the scenes, the top of the pyramid too has been expanding.
Source: India Brand Equity Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Luxury Brands - November 2007
International luxury brands are discovering a vibrant market for their goods in India. For the growing number of affl uent Indians, many of the top brands are now available at up-market malls and retail outlets in the major metros, says Nayantaraa Lama.
THE number of millionaires in India, Russia, South Korea, and South Africa is rising at 15-21 per cent a year. According to estimates by investment bank Merrill Lynch, the Asia Pacifi c region already has 2.4 million millionaires compared with 2.8 million in Europe, and 2.9 million in America.
Source: India Brand Equity Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Driving in style - November 2007
India’s growing affl uence is driving the luxury car market, luring in leading makers of premium vehicles from around the globe. Annamma Oommen tracks the frenetic pace of growth of this segment.
INDIA is fast turning out to be a coveted destination for luxury car manufacturers. And the reasons are not hard to spot.
Firstly, a booming domestic market is attracting luxury brands across categories. Secondly, a highly skilled engineering work pool combined with the labour arbitrage opportunity has resulted in India becoming an export hub for global car manufacturers like Hyundai and Suzuki. Finally, the Indian auto ancillaries industry has achieved world class status through not just high quality manufacturing but also through global mergers and acquisitions.
Source: India Brand Equity Foundation (IBEF)
FOR THE FULL REPORT PLEASE CLICK HERE
Machine Tooling Sector Review - July 2007
Investment
The Indian Machine Tool Sector is displaying a strong upturn fuelled mainly by a buoyant economy, strong domestic demand from the manufacturing sector and an increasing export potential. Indian engineering companies are moving up the value chain by investing in R & D and sourcing technology from global companies. A number of companies are expanding fast to become globally competitive and access global markets. An increasingly open and strong economy and cost advantages are attracting a number of foreign players to the market. Aside traditional export and investment opportunities, foreign companies are looking at collaboration and offshoring opportunities, in both manufacturing and R & D.
Source: UK Trade & Investment
FOR THE FULL REPORT PLEASE CLICK HERE
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