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Showing posts with label b2b trade news. Show all posts
Showing posts with label b2b trade news. Show all posts
Beamups Launches Online News Marketplace For UK
The online news marketplace Beamups launches a UK version today, hoping to exploit the dire of state of the news industry by allowing producers to sell on unused and archive content. The site launched a beta for the Middle East in April and set up deals with broadcasters including the BBC, al Jazeera, ABC and Rtvi. For them, it’s an opportunity to make extra money from unused footage, while buyers get one source of global, professional material.
Beamups’ spokeswoman told me this is essentially a business-to-business service, and though they expect that some citizen journalism to make it onto the site it isn’t trying to do the same as sites Demotix, which focus very much on the amateur consumer market. Content is sold with a 40 percent commission to Beamups (fairly standard for B2B news content) and the seller decides the price. Terms can be for one-off use by multiple organisations or exclusively. Sellers get their own store and build up ratings much like eBay (NSDQ: EBAY) and don’t have to pay a subscription to join.
Beamups is fronted by former News Corp (NYSE: NWS) Europe senior vice president Dean Stewart, and was founded by two documentary cameramen, Boaz Eshtai and Yosi Romano - who grew tired of always having to hand over the rights to their work for the BBC, APTN, the Discovery (NSDQ: DISAB) Channel and National Geographic. Their most widely distributed work wouldn’t make them a proportionate amount of money, while some of their best work would sometimes not find a suitable slot at all.
“As freelance budgets and crew sizes are shrinking, we wanted to open up the news market to offer an international distribution model that gives professional journalists precious access to newsrooms around the world,” said Eshtai.
Source: http://www.paidcontent.co.uk
B2B marketing moving dollars online
One of the trends coming out of the recession appears to be the shift to online marketing for many b2b companies with a recent report backing up that theory.
eMarketer reports that a joint study from MarketingProfs and Forrester Research finds that two-thirds of respondents say their budgets would stay the same or increase in 2009. However, while these companies are not decreasing their marketing spending, they are shifting where their dollars go.
The report finds that 47 percent of b2b companies said they plan to increase spending on search engine marketing (SEM) this year while 34 percent said they will increase spending on blogs, according to eMarketer.
In fact, blogs appear to be the biggest winner in this study with only 7 percent of b2b companies saying they plan to cut their budget allocations to blogs. By contrast, 55 percent said they will cut spending on print advertising - the largest percentage on the list.
A report earlier this month from Outsell found that 74 percent of small b2b advertisers will increase or maintain spending in 2009 with another 60 percent of large b2b advertisers expected to do the same. Much of these dollars will end up going to online marketing with the report finding that the category will see an 8.2 percent increase over 2008.
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Source: http://www.webwire.com/
Hydraulic distributors in Kolkata
The word ‘hydraulic’ refers to the exertion of liquid pressure on something to provide mechanical force. There are different types of heavy machines and tools where hydraulic pressure is used to provide them the power required to perform certain functions. It may sound very simple, but hydraulic pressure is capable of generating huge power which helps machineries perform heavy duties. Hydraulic machines and tools are very common in the mechanical industry and are largely used in construction works. Real estate developers are among the biggest takers of the hydraulic machines and tools because they work much faster than ordinary machineries and help constructors meet their deadline. These days, hydraulic machines and tools are of high demand all over the world and the distributors are earning heavily from their supply business.
Kolkata, the capital of West Bengal is among the most developed cities in India. In the recent times, the city has encouraged a number of real estate developers. Hundreds of real estate projects have come up in different corners of Kolkata and many more are under construction. Thanks to the continuous rise in the population in the city, the demand for house is at an all time high here, which has brought smiles on the faces of the developers. Just like all other places in the world, hydraulic machines are largely used in construction works in Kolkata. There are several hydraulic distributors in Kolkata who supply equipments to the developers on a huge scale.
Kolkata is a large city and hydraulic distributors have their shops in different parts. For a person who is not familiar with the streets and lanes of the city, finding out a hydraulic distributor’s shop is not very easy. Yellow pages do provide information on distributors of machines and tools but depending on such data is not a very smart thing to do as information on such books are not regularly updated. Internet is better.
You will find a number of B2B (Business-to-business) portals on the web that provide detailed information on all kinds of business-related topics. There are several Kolkata-based B2B portals from where you can get a clear overview of the city. Planned specially to cater to the needs of the business-class people, these portals are the best guides to the city. These B2B portals actually create a supply management chain for different entities of a business. They are a medium of communication between buyers and sellers, manufacturers and traders, dealers and wholesalers and of course between suppliers and consumers. As internet can be accessed at any time from any place, more people are opting for these B2B portals for their advantage. They are enlisting their names and profiles on these portals to make sure every time somebody search for people like them, they find their names on the lists.
If hydraulic distributors in Kolkata are what you are looking for just search for it on any city-based B2B portal and you will be provided with a list of names on your computer screen.
You will not only find their names and contact numbers but their full profile which will help you to take fast decision. Besides, you can make use of the interactive tools like live chat and free SMS to communicate directly with the distributors and get going with your business.
Source: http://www.bignews.biz/
IndiaMART.com adjudged India’s largest online B2B marketplace
ndiaMART.com has been adjudged as the largest online B2B marketplace in India in a first-of-its-kind study conducted by the Internet and Mobile Association of India (IAMAI) on Micro, Small and Medium Enterprises (MSMEs) in India.
The study, titled ‘ICT adoption among MSMEs in India’, was unveiled by Mr Dinesh Rai, Secretary, Ministry of Micro, Small and Medium Enterprises, Government of India at a press conference held at the India International Centre in New Delhi today. The event was attended by industry leaders including Info Edge CEO Sanjeev Bikhchandani, P. Dey, General Manager, National Small Industries Corporation (NSIC) and Sridhar Seshadri, Head of Online Sales, Google India.
Confirming its leadership status, the study accords a leadership status for IndiaMART.com with 60 percent market share in India’s online B2B marketplace. The study states that 85 percent of B2B suppliers across India prefer IndiaMART.com as their first choice when it comes to online B2B marketplaces.
Commenting on the accolade, Dinesh Agarwal, Founder & CEO - IndiaMART.com said, “We are honoured to be named India’s largest online B2B marketplace. This recognition certainly acknowledges our market position and will help us consolidate our presence further. It should also inspire more companies, which have so far never seen the limelight of national and international visibility, to join IndiaMART.com and get the real flavour and benefits of online marketing.”
IAMAI has come out with the study at an appropriate time when more and more MSMEs are getting online to connect with their buyers all around the world. The study also highlights other usage aspects of ICT (Information and Communication Technologies) among Indian MSMEs. This is a first of its kind study done in India with MSMEs as a focus.
Unveiling the study, Dinesh Rai said, “SMEs are an important part of industry because they help create the maximum jobs. And ICT usage helps SMEs increase their productivity and competitiveness. This study will be of great use to this sector.” Congratulating IAMAI for the study, Rai said the government has earmarked a budget of Rs 160 crore to develop and facilitate ICT applications for MSMEs.
Info Edge CEO Sanjeev Bikhchandani said, “It is heartening to note that 99 percent of B2B suppliers on the internet are making use of online B2B marketplaces already. This is perceptibly helping reduce marketing cost for smaller establishments and increasing efficiency. B2B marketplaces like IndiaMART.com are not only boosting the export climate, but also helping push domestic trade.”
“This study is very timely because Indian B2B market trends and growth trajectory has made a mark worldwide also. In fact the top global online B2B marketplace worldwide list has some prominent Indian players,” said P. Dey, General Manager, NSIC while congratulating IndiaMART.com on its success.
Sridhar Seshadri, Head of Online Sales, Google India, stressed on the importance of the SME sector in the Indian context. “The plethora of a few thousand small companies can make an impact which is far greater than larger enterprises. This study will really help in galvanizing the SME and MSME sector to become online-savvy and more focused on online marketing as their growth path.”...
Source: http://www.financialexpress.com/
The study, titled ‘ICT adoption among MSMEs in India’, was unveiled by Mr Dinesh Rai, Secretary, Ministry of Micro, Small and Medium Enterprises, Government of India at a press conference held at the India International Centre in New Delhi today. The event was attended by industry leaders including Info Edge CEO Sanjeev Bikhchandani, P. Dey, General Manager, National Small Industries Corporation (NSIC) and Sridhar Seshadri, Head of Online Sales, Google India.
Confirming its leadership status, the study accords a leadership status for IndiaMART.com with 60 percent market share in India’s online B2B marketplace. The study states that 85 percent of B2B suppliers across India prefer IndiaMART.com as their first choice when it comes to online B2B marketplaces.
Commenting on the accolade, Dinesh Agarwal, Founder & CEO - IndiaMART.com said, “We are honoured to be named India’s largest online B2B marketplace. This recognition certainly acknowledges our market position and will help us consolidate our presence further. It should also inspire more companies, which have so far never seen the limelight of national and international visibility, to join IndiaMART.com and get the real flavour and benefits of online marketing.”
IAMAI has come out with the study at an appropriate time when more and more MSMEs are getting online to connect with their buyers all around the world. The study also highlights other usage aspects of ICT (Information and Communication Technologies) among Indian MSMEs. This is a first of its kind study done in India with MSMEs as a focus.
Unveiling the study, Dinesh Rai said, “SMEs are an important part of industry because they help create the maximum jobs. And ICT usage helps SMEs increase their productivity and competitiveness. This study will be of great use to this sector.” Congratulating IAMAI for the study, Rai said the government has earmarked a budget of Rs 160 crore to develop and facilitate ICT applications for MSMEs.
Info Edge CEO Sanjeev Bikhchandani said, “It is heartening to note that 99 percent of B2B suppliers on the internet are making use of online B2B marketplaces already. This is perceptibly helping reduce marketing cost for smaller establishments and increasing efficiency. B2B marketplaces like IndiaMART.com are not only boosting the export climate, but also helping push domestic trade.”
“This study is very timely because Indian B2B market trends and growth trajectory has made a mark worldwide also. In fact the top global online B2B marketplace worldwide list has some prominent Indian players,” said P. Dey, General Manager, NSIC while congratulating IndiaMART.com on its success.
Sridhar Seshadri, Head of Online Sales, Google India, stressed on the importance of the SME sector in the Indian context. “The plethora of a few thousand small companies can make an impact which is far greater than larger enterprises. This study will really help in galvanizing the SME and MSME sector to become online-savvy and more focused on online marketing as their growth path.”...
Source: http://www.financialexpress.com/
Improving the Operational efficiency with PowerCenter
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Basically the PowerCenter is used as serving the foundation of all the projects of the data integration and the enterprise integration initiates through out the company. This includes the B2B data exc
There are various consultancies such as Peak Consulting which basically focuses on the solving of the challenges that are related to the large sets of data that the today’s leading and the growing mid-tier companies are facing with. These consultancies have the right type of the efficiency, expertise and the energy which will help in maximizing your return on the investment. The practical and excellent solutions which are given by these consultancies, deliver measurable and the actionable results of the business. These effective solutions further result in the better decision making, optimizing IT efficiency and the improved performance of the business.
The staff of these consultancies can be trusted as the advisors, the integrators of the system, and the specialists of the data integration, data quality, data warehousing, reporting fields, extract, transform and load. The consultancies like the Peak consulting includes the staff such as the former senior consultants and the principal from the well known data warehousing companies like Informatica, Business Objects, IBM, Knightsbridge and Oracle. The consultancy will guide you and your company through out the entire life cycle of the product and that too from the basic concept to the entire concept.
They provide you with the Informatica PowerCenter which is basically a unified and a singe data enterprise which is an integration platform which is mainly to access, discover and integrate the data. This is done virtually from any of the business system, that too in any of the format and further delivers the data within the company at high speed. Basically the PowerCenter is used as serving the foundation of all the projects of the data integration and the enterprise integration initiates through out the company. This includes the B2B data exchange, data governance, data migration, data synchronization and replication, enterprise data warehousing, master data management and the service oriented architectures. All the business analysts believes that it deliver timely and trusted data throughout the company. The IT management, business analysts and the developers rely on it because it helps in maximizing the business values and in meeting the operational and the analytical needs of the enterprise.
The consultancy also provides the Informatica training. The trainers which are used for giving the training are experts within their field. There are number of the courses which are fixed at the different levels of the skill. You even have the opportunity to customize the courses according to your organization’s needs and requirements. There are different courses under the Informatica training which are offered to you these are informatica PowerCenter, Informatica PowerExchange and Complex Data Exchange, Informatica Data Quality, Talend Open Studio, Oracle database and other Oracle products, Data warehousing and modeling theory, SAP and Cognos reporting, planning, and ETL tools.
The enterprise has a need to analyze the data from various sources which includes structured and the unstructured and even the legacy systems with the Informatica Consulting. Mostly the business intelligence solutions tend to appoint a data warehouse for basically some or all for the information needs.
Some of the Informatica Consulting includes the consulting solutions such as to integrate the disparate all the data sources, provide with the truth for analysis and the reporting, to track the historical data for the regulatory compliance.
Source: http://www.bignews.biz/
There are various consultancies such as Peak Consulting which basically focuses on the solving of the challenges that are related to the large sets of data that the today’s leading and the growing mid-tier companies are facing with. These consultancies have the right type of the efficiency, expertise and the energy which will help in maximizing your return on the investment. The practical and excellent solutions which are given by these consultancies, deliver measurable and the actionable results of the business. These effective solutions further result in the better decision making, optimizing IT efficiency and the improved performance of the business.
The staff of these consultancies can be trusted as the advisors, the integrators of the system, and the specialists of the data integration, data quality, data warehousing, reporting fields, extract, transform and load. The consultancies like the Peak consulting includes the staff such as the former senior consultants and the principal from the well known data warehousing companies like Informatica, Business Objects, IBM, Knightsbridge and Oracle. The consultancy will guide you and your company through out the entire life cycle of the product and that too from the basic concept to the entire concept.
They provide you with the Informatica PowerCenter which is basically a unified and a singe data enterprise which is an integration platform which is mainly to access, discover and integrate the data. This is done virtually from any of the business system, that too in any of the format and further delivers the data within the company at high speed. Basically the PowerCenter is used as serving the foundation of all the projects of the data integration and the enterprise integration initiates through out the company. This includes the B2B data exchange, data governance, data migration, data synchronization and replication, enterprise data warehousing, master data management and the service oriented architectures. All the business analysts believes that it deliver timely and trusted data throughout the company. The IT management, business analysts and the developers rely on it because it helps in maximizing the business values and in meeting the operational and the analytical needs of the enterprise.
The consultancy also provides the Informatica training. The trainers which are used for giving the training are experts within their field. There are number of the courses which are fixed at the different levels of the skill. You even have the opportunity to customize the courses according to your organization’s needs and requirements. There are different courses under the Informatica training which are offered to you these are informatica PowerCenter, Informatica PowerExchange and Complex Data Exchange, Informatica Data Quality, Talend Open Studio, Oracle database and other Oracle products, Data warehousing and modeling theory, SAP and Cognos reporting, planning, and ETL tools.
The enterprise has a need to analyze the data from various sources which includes structured and the unstructured and even the legacy systems with the Informatica Consulting. Mostly the business intelligence solutions tend to appoint a data warehouse for basically some or all for the information needs.
Some of the Informatica Consulting includes the consulting solutions such as to integrate the disparate all the data sources, provide with the truth for analysis and the reporting, to track the historical data for the regulatory compliance.
Source: http://www.bignews.biz/
Alibaba.com and Infomedia Form Strategic Partnership in India
World's leading B2B online marketplace collaborates with India's largest B2B media company to provide Indian SMEs with the best solution for domestic and global trade
MUMBAI, 29 April 2008 - Alibaba.com Limited (SEHK: 1688), the world's leading B2B
e-commerce company, and Infomedia India Limited, India's largest Yellow Pages and special interest publishing company, today announced a multi-year strategic partnership designed to benefit small and medium-size enterprises (SMEs) in India.
The Alibaba.com and Infomedia partnership will combine the power of traditional print publishing with online media and e-commerce, providing Indian SMEs with a one-stop solution for global and domestic trade. Together they will create a strong online community of Indian business people and provide them with a single cost-effective channel to promote their products and source from quality suppliers in India and around the world. It will also provide SMEs in India with the latest industry news and technical developments in multi-media formats.
Prakash Iyer, Managing Director, Infomedia, said, "As India's largest Yellow Pages company – and now as part of the Network 18 group – Infomedia is delighted to bring Alibaba.com's strength and global reach to Indian businesses. We have a long history of helping SMEs grow their business and this partnership will help Indian companies realize their fullest potential worldwide. The Infomedia-Alibaba.com partnership will bring value to Indian SMEs by giving them a larger, multi-media business platform encompassing domestic and global trade services."
David Wei, Chief Executive Officer, Alibaba.com, said,"With its huge growth potential, India is a very important and strategic market for Alibaba.com and is a top priority for our global expansion plans. While Alibaba.com is the expert in helping small businesses trade internationally, Infomedia brings us a strong understanding of the Indian SME and B2B market. With Infomedia we have a strong local partner who can provide on-the-ground support for our members, including sales, marketing and customer service. We believe this alliance will help us become the dominant online B2B marketplace in India by the end of 2008."
India has more than 8 million SMEs, which account for almost 40 per cent of India's industrial output and employ around 30 million people. It is estimated that 3 million SMEs are engaged in B2B trade and around 1 million are in the export business. Alibaba.com has more than 400,000 members in India, already making it one of the country's largest B2B online marketplaces by member count. Alibaba.com launched a special India Channel in October 2007 to help Indian suppliers find local and global buyers for their products and services. The India Channel has been well received by members, with more than 20,000 Indian companies signing up each month since January 2008.
Founded in 1999 in Hangzhou, China, Alibaba.com has built a global community of more than 27 million members from over 200 countries and regions. Thanks to Alibaba.com, small businesses around the world are going global and buyers and sellers of everything from automobile parts to evening dresses are finding their perfect trading partners faster and easier than ever before.
India is the second fastest growing major economy in the world. It had a GDP growth rate of 9.6% for the fiscal year 2006-2007 and is expected to grow by 8.7% this year. China, the world's fastest growing economy, is India's third largest export country. The Alibaba.com and Infomedia tie-up will help bridge two of the world's fastest growing economies and further promote trade between India and China.
About Alibaba.com Limited
Alibaba.com (HKSE: 1688), a member of the Alibaba Group of companies, is the world's leading B2B e-commerce company. Our international marketplace (www.Alibaba.com) focuses on global importers and exporters and our China marketplace (www.Alibaba.com.cn) focuses on suppliers and buyers trading domestically in China. Together, our marketplaces form a community of more than 27 million registered users from over 200 countries and regions.
About Infomedia India Limited
Infomedia India Limited is India's leading media company with strong market presence in diverse business areas spanning Yellow Pages, Magazine Publishing, Printing Services and Publishing Outsourcing. A pan-Indian network covering 26 cities with over 2,200 employees gives Infomedia a national footprint. The Company is the undisputed market leader in Yellow Pages and Special Interest Publishing and is one of the most respected contract printers in the country. Infomedia has expanded into the Publishing Outsourcing segment and is well placed to consolidate its position in this booming market with tremendous growth potential. Infomedia is a part of the Network 18 group – India's fastest growing media conglomerate.
Source: http://news.alibaba.com/
MUMBAI, 29 April 2008 - Alibaba.com Limited (SEHK: 1688), the world's leading B2B
e-commerce company, and Infomedia India Limited, India's largest Yellow Pages and special interest publishing company, today announced a multi-year strategic partnership designed to benefit small and medium-size enterprises (SMEs) in India.
The Alibaba.com and Infomedia partnership will combine the power of traditional print publishing with online media and e-commerce, providing Indian SMEs with a one-stop solution for global and domestic trade. Together they will create a strong online community of Indian business people and provide them with a single cost-effective channel to promote their products and source from quality suppliers in India and around the world. It will also provide SMEs in India with the latest industry news and technical developments in multi-media formats.
Prakash Iyer, Managing Director, Infomedia, said, "As India's largest Yellow Pages company – and now as part of the Network 18 group – Infomedia is delighted to bring Alibaba.com's strength and global reach to Indian businesses. We have a long history of helping SMEs grow their business and this partnership will help Indian companies realize their fullest potential worldwide. The Infomedia-Alibaba.com partnership will bring value to Indian SMEs by giving them a larger, multi-media business platform encompassing domestic and global trade services."
David Wei, Chief Executive Officer, Alibaba.com, said,"With its huge growth potential, India is a very important and strategic market for Alibaba.com and is a top priority for our global expansion plans. While Alibaba.com is the expert in helping small businesses trade internationally, Infomedia brings us a strong understanding of the Indian SME and B2B market. With Infomedia we have a strong local partner who can provide on-the-ground support for our members, including sales, marketing and customer service. We believe this alliance will help us become the dominant online B2B marketplace in India by the end of 2008."
India has more than 8 million SMEs, which account for almost 40 per cent of India's industrial output and employ around 30 million people. It is estimated that 3 million SMEs are engaged in B2B trade and around 1 million are in the export business. Alibaba.com has more than 400,000 members in India, already making it one of the country's largest B2B online marketplaces by member count. Alibaba.com launched a special India Channel in October 2007 to help Indian suppliers find local and global buyers for their products and services. The India Channel has been well received by members, with more than 20,000 Indian companies signing up each month since January 2008.
Founded in 1999 in Hangzhou, China, Alibaba.com has built a global community of more than 27 million members from over 200 countries and regions. Thanks to Alibaba.com, small businesses around the world are going global and buyers and sellers of everything from automobile parts to evening dresses are finding their perfect trading partners faster and easier than ever before.
India is the second fastest growing major economy in the world. It had a GDP growth rate of 9.6% for the fiscal year 2006-2007 and is expected to grow by 8.7% this year. China, the world's fastest growing economy, is India's third largest export country. The Alibaba.com and Infomedia tie-up will help bridge two of the world's fastest growing economies and further promote trade between India and China.
About Alibaba.com Limited
Alibaba.com (HKSE: 1688), a member of the Alibaba Group of companies, is the world's leading B2B e-commerce company. Our international marketplace (www.Alibaba.com) focuses on global importers and exporters and our China marketplace (www.Alibaba.com.cn) focuses on suppliers and buyers trading domestically in China. Together, our marketplaces form a community of more than 27 million registered users from over 200 countries and regions.
About Infomedia India Limited
Infomedia India Limited is India's leading media company with strong market presence in diverse business areas spanning Yellow Pages, Magazine Publishing, Printing Services and Publishing Outsourcing. A pan-Indian network covering 26 cities with over 2,200 employees gives Infomedia a national footprint. The Company is the undisputed market leader in Yellow Pages and Special Interest Publishing and is one of the most respected contract printers in the country. Infomedia has expanded into the Publishing Outsourcing segment and is well placed to consolidate its position in this booming market with tremendous growth potential. Infomedia is a part of the Network 18 group – India's fastest growing media conglomerate.
Source: http://news.alibaba.com/
Agra Footwear Industry Treading a Downward Path
Not long ago, the footwear industry in Agra saw healthy growth due to the high demand and robust sales in both the global and domestic markets. About a year ago, small and mid-sized footwear manufacturers and suppliers saw substantial demand for both men’s and women’s footwear from buyers in the US, Europe and West Asia. However, this scenario has changed drastically over the past few months.
Recently, there has been a considerable drop in sales, which has consequently had a negative impact on margins. This has resulted in tremendous pressure for the Agra footwear industry that is fighting to stay afloat. A sector, which once recorded a 27% growth rate, is now struggling to maintain its previous growth levels.
Dwindling exports
“The export revenues have declined considerably since the last financial year as orders from western B2b Marketplace are rapidly diminishing. A large number of small-scale units, which produced fancy shoes for international buyers, are now shutting shop due to decreasing sales in export markets,” says RK Khindri, Manager and Coordinator, Agra Footwear Manufacturers and Exporters Chamber (AFMEC).
Moreover, this year, the Agra footwear industry has witnessed a decline in demand in chief domestic markets like Delhi, Mumbai and Pune as well. The industry has seen more than a 30% drop in orders from January to March, this year. With the demand having slumped considerably, thousands of skilled footwear labourers and technicians across the city have lost their jobs.
Additional challenges
Besides dwindling export volumes, Agra footwear manufacturing units have also faced the adverse affects of delayed payments and lack of infrastructural facilities.
On the other hand, footwear manufacturing units based in well-developed regions like Noida and Chandigarh have access to better infrastructural facilities. This facilitates production of higher quality shoes at a lower cost, thus garnering the loyalty of both domestic and overseas buyers. This in turn, has hampered the business of small Agra footwear units, as majority of the orders are now being shifted to units based in regions like Delhi, Noida and Chandigarh.
Inadequate bank credit has further added to the financial predicament of small-scale footwear traders in Agra. “Despite the directives issued by the Reserve Bank of India (RBI), banks are reluctant to lend to SME units. They are turning down loan-against-inventory requests and are now demanding collaterals, which most of footwear units are unable to provide. Consequently, small footwear manufacturers have begun to resort to cost-cutting measures such as lay offs, which eventually lead to under utilisation of their production capacities,” says Kuldeep Singh, Proprietor, Aryman Footwear Exports.
Given the current scenario, small footwear units are banking on government aid, infrastructural reforms and assistance from financial institutions in order to recover from their recent loss.
source: http://www.bestsyndication.com/?q=node/27901
Recently, there has been a considerable drop in sales, which has consequently had a negative impact on margins. This has resulted in tremendous pressure for the Agra footwear industry that is fighting to stay afloat. A sector, which once recorded a 27% growth rate, is now struggling to maintain its previous growth levels.
Dwindling exports
“The export revenues have declined considerably since the last financial year as orders from western B2b Marketplace are rapidly diminishing. A large number of small-scale units, which produced fancy shoes for international buyers, are now shutting shop due to decreasing sales in export markets,” says RK Khindri, Manager and Coordinator, Agra Footwear Manufacturers and Exporters Chamber (AFMEC).
Moreover, this year, the Agra footwear industry has witnessed a decline in demand in chief domestic markets like Delhi, Mumbai and Pune as well. The industry has seen more than a 30% drop in orders from January to March, this year. With the demand having slumped considerably, thousands of skilled footwear labourers and technicians across the city have lost their jobs.
Additional challenges
Besides dwindling export volumes, Agra footwear manufacturing units have also faced the adverse affects of delayed payments and lack of infrastructural facilities.
On the other hand, footwear manufacturing units based in well-developed regions like Noida and Chandigarh have access to better infrastructural facilities. This facilitates production of higher quality shoes at a lower cost, thus garnering the loyalty of both domestic and overseas buyers. This in turn, has hampered the business of small Agra footwear units, as majority of the orders are now being shifted to units based in regions like Delhi, Noida and Chandigarh.
Inadequate bank credit has further added to the financial predicament of small-scale footwear traders in Agra. “Despite the directives issued by the Reserve Bank of India (RBI), banks are reluctant to lend to SME units. They are turning down loan-against-inventory requests and are now demanding collaterals, which most of footwear units are unable to provide. Consequently, small footwear manufacturers have begun to resort to cost-cutting measures such as lay offs, which eventually lead to under utilisation of their production capacities,” says Kuldeep Singh, Proprietor, Aryman Footwear Exports.
Given the current scenario, small footwear units are banking on government aid, infrastructural reforms and assistance from financial institutions in order to recover from their recent loss.
source: http://www.bestsyndication.com/?q=node/27901
Pakistan, Bangladesh should focus on joint ventures and investment: Envoy
ISLAMABAD—High Commissioner of Bangladesh, Yasmeen Murshed has said that Pakistan and Bangladesh should enter joint ventures and enhance cooperation in Jute, IT, Energy, Tourism, Oil & Gas, Services and other sectors to take full advantage of each other’s complementarities.
She expressed these views while addressing business community at Islamabad Chamber of Commerce and Industry (ICCI) during her visit to ICCI on Tuesday.
She said Pakistani businessmen have shown much interest in Bangladeshi Jute sector while other areas of Bangladeshi economy also offer attractive trade and investment opportunities.
She said there was a need to enhance people-to-people and business-to-business level contacts to explore more areas of common interest in both the countries. She said experts of both countries involving public and private sectors should sit together to sort out the non-tariff trade barriers between the two countries.
Mrs. Yasmeen Murshed said new governments are in place in both the countries and they are very confident and interested to boost up trade and economic relations up to their full potential. She said Bangladesh has put in place number of institutions to handle business community problems.
She said a Joint Economic Committee meeting between Pakistan and Bangladesh was expected to be held in June 2009 to further enhance bilateral economic relations. She stressed for the need of governments interventions to settle the problems and issues, which were proving bottlenecks in promoting bilateral trade.
She said both countries should revise shipping protocols to encourage and promote the role of private sector for establishing direct shipping lines between the two countries. She said Bangladesh desires immediate conclusion of Early Harvesting Program with Pakistan as a first step and its successful results would pave way for Free Trade Agreement between the two countries.
In his welcome address, Mian Shaukat Masud, President, Islamabad Chamber of Commerce and Industry emphasized for enhanced exchange of trade delegations to explore business potential and hold B2B meetings, which will eventually increase trade and investment between Pakistan and Bangladesh.
Highlighting issues being faced by Pakistan with Bangladesh, he said for Pre-shipment Inspection of its goods, Pakistan should be waived off from inclusion in the block of countries for which the authorized agent was the Dubai based Bureau Veritas as it was discouraging Pakistani exporters and delaying their shipments to Bangladesh.
He said Bangladesh should resolve Pakistani pharmaceutical companies’ problems regarding registration of their drugs in Bangladesh. He said both countries should open bank branches in each other to facilitate the business communities in promoting trade and investment while a Dispute Resolution Body should be formed at government level for speedy resolution of payment disputes.
He said special Warehouses for Pakistani products should be established in Bangladesh while Pakistan should also establish similar facility for Bangladeshi exporters to promote their Exports to Afghanistan and CIS countries.
He said two countries could also greatly benefit from each other’s experience in engineering, education, telecommunication and data communication sectors beside cooperation and collaboration in textile industry.
She said a Joint Economic Committee meeting between Pakistan and Bangladesh was expected to be held in June 2009 to further enhance bilateral economic relations. She stressed for the need of governments interventions to settle the problems and issues, which were proving bottlenecks in promoting bilateral trade.
She said both countries should revise shipping protocols to encourage and promote the role of private sector for establishing direct shipping lines between the two countries. She said Bangladesh desires immediate conclusion of Early Harvesting Program with Pakistan as a first step and its successful results would pave way for Free Trade Agreement between the two countries.
In his welcome address, Mian Shaukat Masud, President, Islamabad Chamber of Commerce and Industry emphasized for enhanced exchange of trade delegations to explore business potential and hold B2B meetings, which will eventually increase trade and investment between Pakistan and Bangladesh.
Highlighting issues being faced by Pakistan with Bangladesh, he said for Pre-shipment Inspection of its goods, Pakistan should be waived off from inclusion in the block of countries for which the authorized agent was the Dubai based Bureau Veritas as it was discouraging Pakistani exporters and delaying their shipments to Bangladesh.
Source: http://dailymailnews.com/200904/08/news/dmcitypage01.html
She expressed these views while addressing business community at Islamabad Chamber of Commerce and Industry (ICCI) during her visit to ICCI on Tuesday.
She said Pakistani businessmen have shown much interest in Bangladeshi Jute sector while other areas of Bangladeshi economy also offer attractive trade and investment opportunities.
She said there was a need to enhance people-to-people and business-to-business level contacts to explore more areas of common interest in both the countries. She said experts of both countries involving public and private sectors should sit together to sort out the non-tariff trade barriers between the two countries.
Mrs. Yasmeen Murshed said new governments are in place in both the countries and they are very confident and interested to boost up trade and economic relations up to their full potential. She said Bangladesh has put in place number of institutions to handle business community problems.
She said a Joint Economic Committee meeting between Pakistan and Bangladesh was expected to be held in June 2009 to further enhance bilateral economic relations. She stressed for the need of governments interventions to settle the problems and issues, which were proving bottlenecks in promoting bilateral trade.
She said both countries should revise shipping protocols to encourage and promote the role of private sector for establishing direct shipping lines between the two countries. She said Bangladesh desires immediate conclusion of Early Harvesting Program with Pakistan as a first step and its successful results would pave way for Free Trade Agreement between the two countries.
In his welcome address, Mian Shaukat Masud, President, Islamabad Chamber of Commerce and Industry emphasized for enhanced exchange of trade delegations to explore business potential and hold B2B meetings, which will eventually increase trade and investment between Pakistan and Bangladesh.
Highlighting issues being faced by Pakistan with Bangladesh, he said for Pre-shipment Inspection of its goods, Pakistan should be waived off from inclusion in the block of countries for which the authorized agent was the Dubai based Bureau Veritas as it was discouraging Pakistani exporters and delaying their shipments to Bangladesh.
He said Bangladesh should resolve Pakistani pharmaceutical companies’ problems regarding registration of their drugs in Bangladesh. He said both countries should open bank branches in each other to facilitate the business communities in promoting trade and investment while a Dispute Resolution Body should be formed at government level for speedy resolution of payment disputes.
He said special Warehouses for Pakistani products should be established in Bangladesh while Pakistan should also establish similar facility for Bangladeshi exporters to promote their Exports to Afghanistan and CIS countries.
He said two countries could also greatly benefit from each other’s experience in engineering, education, telecommunication and data communication sectors beside cooperation and collaboration in textile industry.
She said a Joint Economic Committee meeting between Pakistan and Bangladesh was expected to be held in June 2009 to further enhance bilateral economic relations. She stressed for the need of governments interventions to settle the problems and issues, which were proving bottlenecks in promoting bilateral trade.
She said both countries should revise shipping protocols to encourage and promote the role of private sector for establishing direct shipping lines between the two countries. She said Bangladesh desires immediate conclusion of Early Harvesting Program with Pakistan as a first step and its successful results would pave way for Free Trade Agreement between the two countries.
In his welcome address, Mian Shaukat Masud, President, Islamabad Chamber of Commerce and Industry emphasized for enhanced exchange of trade delegations to explore business potential and hold B2B meetings, which will eventually increase trade and investment between Pakistan and Bangladesh.
Highlighting issues being faced by Pakistan with Bangladesh, he said for Pre-shipment Inspection of its goods, Pakistan should be waived off from inclusion in the block of countries for which the authorized agent was the Dubai based Bureau Veritas as it was discouraging Pakistani exporters and delaying their shipments to Bangladesh.
Source: http://dailymailnews.com/200904/08/news/dmcitypage01.html
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