IT'S A MUGGY July evening in Ludhiana, a bustling town of over 1.6 million in Punjab that is renowned for its apparel production and exports. In the lush green premises of Eveline International on G.T. Road in the Dhandari Kalan area, a group of labourers huddle together, discussing the time and the right way to load the day's consignment. Arun Salhotra, General Manager of the 70-year-old manufacturer of knitted apparels, says its 1,600 employees produce nearly 400,000 pieces of high-quality garment per month, which are exported to top American brands like Guess, Faherty and Nautica, the UK-based Burton of London, Spanish brand Massimo Dutti, French brand Armand Thiery, and several Indian brands as well. "We are witnessing growth in our exports and that is being reflected in our numbers, too. In FY22 we had turnover of ₹150 crore, which was higher than ₹140 crore in FY20," says Salhotra. For perspective, ready-made garments comprised 36 per cent of India's textile exports of $44 billion in FY22. At $16 billion, exports of such garments rose by 31 per cent year-on-year (YoY).
It's July 15, 6 pm, and the labourers sweat and grunt as they load ready-made T-shirts on to a truck. The consignment is being dispatched to Guess and Faherty. As the labourers load the consignment, Pawan Sharma, Logistics Head at Eveline International, keeps a sharp watch, ensuring that everything goes all right. "Today, we are dispatching 7,500 pieces of ready-made garments. Tomorrow, another 12,000 pieces will be dispatched and on Sunday, another consignment with 9,000 pieces will be dispatched. So, this week is a bit hectic for us," says Sharma, wiping a stream of sweat rolling down his forehead.
Denne historien er fra September 18, 2022-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 18, 2022-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
"Focus on the challenge of each customer"
SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company
PEDAL ON THE FUTURE
THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY
BREATHE EASY
Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference
The Taste of India in a Glass
FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN
LOOK BEFORE YOU LEAP
IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES
MISSING ADVISORS
INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE
TURNING A CORNER
SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE
REALITY CHECK
INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?
TRUMP'S TRADE TANGO
The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?
"The essence of the Trump administration will be transactional”
Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more