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Gokaldas eyes mega Wal-Mart contract
"Wal-Mart is stepping up apparel sourcing from India, which, till now, was not very significant and mostly in hosiery and undergarments," said a senior executive at one of the export firms that competes with Gokaldas. Gokaldas Exports CEO Gautam Chakravarti could not be reached for comments.
These moves come at a time when India's $13 billion apparel export industry has faced fierce competition from more aggressive players in Bangladesh and Vietnam. The domestic garment export leaders, including Gokaldas, have struggled in scaling up the business--with hardly 6-7 local firms having annualized revenue in excess of Rs 300 crore.
The Rs 1,142-crore Gokaldas vies with Shahi and Orient Craft as the largest domestic apparel exporters. It has around 34,000 employees working on 320 production lines across 32 factories in India.
Gokaldas Exports Likely To Have New Business Contracts With Wal ...
Gokaldas Exports, a private equity giant Blackstone-controlled apparel exporter eyes its deal with the world’s leading retailer Wal-Mart and niche European fashion houses. These European houses are on their shifting spree from china to other Asian markets. According to company sources of Bangalore based Gokaldas, Wal-Mart Stores Inc is likely to land a six million pieces annual order which will make Golkaldas one of its biggest clients.
Jack Wolfskin, German outdoor and leisure clothier of US-based Sports Authority Inc and Tailor Vintage are one of the prominent fashion ventures that are in talking terms with the Indian exporter as they plan to get a wider sourcing footprint. Several global retailers have been prompted to move some part of their sourcing from China because of the mounting inflation, high labour costs and rising Yuan. The country is said to have a $90 billion worth apparel exports annually.
One of the senior executive of an export firm comments that till now, Wal-Mart was mostly in hosiery and undergarments but is now stepping up apparel sourcing from India, which was not very significant till now. Gautam Chakravarti, Gokaldas Exports CEO could not be reached for comments....
Export of chemicals, pharma products surges 43.02pc | AAJ News
The export of chemicals and pharma products surged by 43.02 percent during first quarter of current year as compared to the same period of last year.
The country has exported the commodities worth US$ 257.232 million during July-September 2011 against the export of US$ 179.853 million in July-September 2010.
Out of chemicals and pharma products, the export of plastic material recorded at US$ 112.96 million during July-September ofcurrent year, registered an increase of 77.74 percent as compared to the same period of last year.
The export of pharmaceutical products stood at US$ 29.10 million against the export of US$ 33.90 million during period under view.
The export of other chemicals witnessed an increase of 39.76 per cent growing from US$ 82.40 million to US$ 115.17 million.
On the year on year basis, the export of chemical and pharm products registered an increase of 74.98 percent during the 3rd month of current year over the same period of last year.
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Gokaldas eyes mega Wal-Mart contractTimes of India - Dec 31, 1969
MUMBAI: Private equity giant Blackstone-controlled apparel exporter Gokaldas Exports is set for new business contracts with the world's largest retailer Wal-Mart and niche European fashion houses who are shifting a part of their sourcing requirementsTimes of India - Dec 31, 1969
MUMBAI: Private equity giant Blackstone-controlled apparel exporter Gokaldas Exports is set for new business contracts with the world's largest retailer Wal-Mart and niche European fashion houses who are shifting a part of their sourcing requirementsTrinidad News - Dec 31, 1969
Ford was then one of Britain's most important exporters of motor vehicles and Britain cars still among the most sort after. The women, who represented a small percentage of the factory workforce of 55000, all came out on strike for three weeks,Morningstar.com - Dec 31, 1969
Europe focused fashion apparel firm Esprit also picked up 0.2% after trading in the red earlier during the day. The Sensex slipped marginally in Mumbai with Hero MotoCorp the top loser on the index, down 2.8%. Airtel fell 2.6%. NTPC, BHEL, Coal India,