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'I am bullish on Indian markets' – Mr Sahni, Wazir Advisors

16
Sep '09
Mr Harminder Sahni, MD, Wazir Advisors
Wazir Advisors is a management consulting firm focussed on Consumer Products and Services sectors covering lifestyle - Fashion, Food, Home, Entertainment, Health, Auto and Education and has recently been set up by Mr Harminder Sahni.

Wazir will offer services in the areas of Business Strategy, Joint Ventures, M&A and Financial Advisory Services to Indian and International firms targeting Indian Consumer and will be based out of Gurgaon (National Capital Region).

Mr, Sahni, till recently was a Partner and Managing Director of Technopack, which advises textile units to expand and helps retail companies to launch their operations. Mr Sahni incidentally hails from a background in textile engineering.

Fibre2fashion spoke exclusively to Mr Sahni on the textile and apparel market scenario and he was kind enough to share his vast experience. He said, “I believe the export business will start picking up in next 2-3 quarters, not only due to the improving consumer spending in US and Europe but also because the supply chains are totally exhausted due to lesser buying in the last 4-5 quarters. So the demand for exports will not only be for sales but also to build stocks”.

He continued, “My only concern is that the investment in new capacities has been very very low in last one year and hence Indian exporters may not be able to take full advantage of this reviving demand, since the key to growth in exports business is directly connected with the capacity available when the demand surges”.

He added by saying, “I am much more bullish on the domestic market wherein the consumer demand had slowed a little bit but has come back really strong, since the last 4 months, since the new government was sworn in and with every passing week, consumer confidence is rising and is visible in the sales of all kinds of consumer items be it clothing, cars, motorcycles, home loans etc”.

He concluded by saying, “In the domestic market, the key to growth is creating demand by bringing in real value for money products for each consumer segments and in the last 5 years, discount brands like Koutons and Cotton County have really grown the market, but now the baton has to be taken over by the new generation players, and I believe that the expansion of hypermarkets and large format family clothing stores will lead to next surge of clothing market expansion”.


Fibre2fashion News Desk - India


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