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BREAKING | Farmers' tractor rally on November 29 postponedHighlights SKM had earlier announced that 500 farmers will participate in tractors marches to Parliament. The decision was taken to observe one year of the anti-farm law agitation. The rally was supposed to be held on November 29, but the SKM has postponed it.
Tractor rally | The tractor rally called by the farmers', which was supposed to be held on November 29, has been postponed. To observe one year of the anti-farm law agitation, the Samyukt Kisan Morcha (SKM), an umbrella body of farmers’ unions, had earlier this month announced that 500 farmers will participate in peaceful tractors marches to Parliament every day during the Winter Session starting November 29.
The big decision was taken during a meeting at the Singhu border. "When we had announced that there will be a tractor rally on November 29, all the three farm laws were not scrapped. Now that when the laws have been taken back, we have decided not to take up the rally. However, if Centre doesn't agree to the rest of our demands, we will decide our further course of action on December 4 meet," a farmer leader said.
SKM leader Darshan Pal, while addressing a press conference, said, "We are suspending the Parliament march on Monday. We had written to the prime minister for withdrawal of cases against farmers, allotment of land for building a memorial for farmers who lost their lives (during the protest), suspension of Ajay Mishra ‘Teni’ from the Union Cabinet over the Lakhimpur Kheri violence, along with other issues."
The farmers also cleared that if the Centre doesn't agree on MSP, the protest will continue. "If the government doesn't gurantee the MSP, protest will continue."
"PM Narendra Modi should direct state governments and Railways to withdraw the cases registered against farmers during the protest," a leader of Samyukt Kisan Morcha said.
Prime Minister Narendra Modi had announced the Centre will repeal the three farm laws, marking a climbdown by his government to meet the unrelenting demand of farmers protesting in several states against the reform measures.
SKM welcomed the prime minister’s decision but said they will wait for the announcement to take effect through due parliamentary procedures. It also indicated that its movement for a statutory guarantee of MSP and demand for the withdrawal of the Electricity Amendment Bill will continue.
Talking on retail and target numbers for Arvind Ready-to-Wear brand business Suresh said, “Arvind Ready-to-Wear will be retailed through ‘The Arvind Store’ outlets across the country and online at www.nnnow.com and www.amazon.in. Currently, there are 150 Arvind Stores across 127 cities across the country which is being targeted in the first phase. What we now plan to do is to increase the Arvind offering in our store wherein our new brand will occupy 25 percent of our space in the store, Arvind fabric will continue to hold 50 percent of the space and the rest will go the brands that we have in our portfolio. In the immediate year we wish to add some more 50-60 Arvind Stores to take the total number to 210 stores. Nevertheless the idea is to grow fast and target is to add 100 plus Arvind Stores every year and come to a number of 500-600 stores in next 2 to 3 years. These stores will be of an average size of 1,000 -1,500 sq.ft. We are also looking at some experience stores too which can be larger with an average area of 3,000-5,000 sq.ft. We are looking at a business of Rs 50 crore with Arvind Ready-to-Wear in the first year of our business.”
For denim manufacturers, cotton forms over 35 percent of the total raw material requirement. With farmers switching from soybean to cotton, the 2017-2018 season has seen about 19 percent rise in cotton acreage. However, the overall cotton production is likely to rise by only 10 percent as bollworm attack has affected production in some regions. The higher production may soften the cotton prices during FY19 and help curtail margin contraction for denim fabric manufacturers. Companies with value-added fabrics and order-backed production are better placed to sustain margins than those in commoditised offerings.
At the Salon International de la Haute Horlogerie (SIHH) held in Geneva in January, IWC Schaffhausen welcomed Bradley Cooper as a new brand ambassador. Now, the Swiss luxury watch manufacturer is strengthening the partnership by rolling out a comprehensive marketing campaign with the four-time Oscar nominee. This marks the first time that IWC has produced such an extensive Omnichannel campaign with one brand ambassador.
“Over the last few years we have witnessed a change in the Indian consumer, who is becoming more focused on leading an active lifestyle. This has spurred a demand for international running and training footwear. Exclusive Power stores shall enable us to fulfil this growing demand by delivering world-class products in an unmatched retail environment. We are supporting this new brand initiative, through our latest ‘FIND YOUR POWER’ campaign which features celebrity Indian cricketer Smriti Mandhana who has been an inspiration to scores of young Indians for adopting an active and fit lifestyle” said Sandeep Kataria, Country Manager, Bata India.
The theme of IFF 2018 – “The Smart Fashion Movement” with 4 calibrated platforms viz Intelligent Engagement, Powered by Design, Retail as Experience and The Tech of Everything –strongly communicated the biggest determinants of success in the business of Fashion Retail that can turn a turn brand’s story around
“With H&M’s experience in online and offline fashion retail, this collaboration signifies an important milestone to Tmall’s expansion, allowing more customers to enjoy the pleasure of interactive shopping,” says Lv Jianmei, Vice President, Tmall Fashion & Luxury, Alibaba Group.
It may be hard for the consumer to understand that even if he is paying a slightly higher price, the benefits are enormous. The scissors have already been used to cut a lot of wastage in terms of many other business processes. In making the high couture trade more appealing to the Indian consumer the brand conscious consumer does not feel cheated as one price rules across the country.