Home / Knowledge / News / Apparel/Garments / Scotts Garments ventures into domestic retail segment
Scotts Garments ventures into domestic retail segment
20
Oct '11
Scotts Garments Pvt Ltd, a US$ 100 million apparel exporting firm based in Bangalore, has announced its penetration in garment retailing business in India. The firm has revealed that the new business would be run under the name of Inmark Retail Pvt Ltd.

The firm intends to present a range of readymade apparels for children, men and women under the new segment.

Announcing the launch of the new business, Naseer Ahmed, Chairman & Managing Director, said the company did not opt to penetrate into the retail segment just for the sake of business, but it is also aimed at tapping the potential of the local industry.

Doing this, he said, the company wants to earn recognition for the local artisans by independently branding their products, rather than branding them under some foreign label.

Mr. Ahmed, who is associated with the garment industry for more than 15 years, said the foreign firms charge extravagantly even for the goods that are produced in India. He said the foreign brands exaggerate the prices of these goods by almost five times the actual cost of production, and even by 10 times in case of some products.

This practice of overpricing the products is preventing several lower and middle income group people in the country from following the world fashion, Mr Ahmed said.

Further, Mr. Ahmed said that their products are of premium quality and are internationally branded, and hence none of its existing trade partners should have any objection to its venturing into the domestic market, but still if any issues come up they would try to explore the local and East-Asian markets.

He said the company has already laid its footprints in the Asian markets as it ships its products to China. Presently, the company operates 25 production units in Tamil Nadu and Karnataka and employs around 15,000 workers.

During the current fiscal, Inmark retail chain proposes to invest Rs. 500 million, and plans to first start around 10 exclusive outlets in South India, with five of them in Bangalore. The first Inmark outlet is scheduled for launch in Bangalore this week.

The notion behind the domestic retail penetration is to give the Indian customers value for their money, Mr Ahmed said and added that Inmark also proposes to export in future.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search