China is no more the cheapest sourcing destination, so as India.
With Fibre2Fashion Correspondent Cindrella Thawani, Manish Mandhana opines about the global volatility of weather, which is adding woes to retailers. Further, he says that inflation is the biggest challenge for Indian economy. Synopsis: Mandhana Industries Ltd is a major textile entity in the country’s western region, since three generations. Today, it has 12 manufacturing facilities - five factories at Tarapur, five at Bangalore and two upcoming units at Baramati. Manish Mandhana serves as the Jt. Managing Director of Mandhana Industries Ltd. Besides, he has been awarded by CNBC TV 18, for outstanding exporter of the year 2008-2009, at international trade awards. Further, achieved ‘Niryat Shree’ by Federation of Indian Exporters Organization (FIEO) in 2004-2005 and 2008-2009 for stellar performance in exports as well as achieved Gold Trophy by FIEO for remarkable growth in exports for the year 2003-2004. Moreover, he has taken initiative of venturing into the retail foray by signing an exclusive agreement with ‘Being Human – The Salman Khan Foundation’. Excerpts:
Recently, you have entered into a commercial pact with Dubai based retail giant Landmark Group and being an exclusive global licensee for ‘Being Human’ Salman Khan owned apparel brand. How do you see its growth opportunities, globally (in terms of retail market) and how do you see its response in middle-east?
Besides, which age-group T-shirts are you targeting and how do you see its market in semi-rural and urban regions? As it is a charitable foundation, consequently what should be the entry price of its T-shirt?
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.