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

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Textiles | On 23rd May 2017

Grasim's VSF business net revenue up 12% in Q4 FY17

The viscose staple fibre (VSF) business of Grasim Industries has...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search