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India's policy on Taiwan clear, consistent: MEA informs Rajya Sabha.
Highlights India doesn't have formal diplomatic relations with Taiwan: MoS Muraleedharan India, Taiwan have trade and people-to-people ties, says the Minister of State Taiwan has been ruled independently from China since 1949
India's policy on Taiwan is clear and consistent and it is focused on promoting interactions in areas of trade, investment and tourism among others, said Minister of State (MoS) for Ministry of External Affairs (MEA) V Muraleedharan in Rajya Sabha. In his written reply to a question on Thursday, the Minister of State said, "Government of India's policy on Taiwan is clear and consistent.
Government facilitates and promotes interactions in areas of trade, investment, tourism, culture, education and other such people-to-people exchanges."India doesn't have formal diplomatic relations with Taiwan, but both sides have trade and people-to-people ties.
Taiwan has been ruled independently from China since 1949. China views the island as its province, while the island authorities maintain that it is an autonomous country. To a separate question, the Minister of State said the Ministry of External Affairs has taken up with foreign governments the need for easing travel restrictions on Indian students enrolled in foreign universities.
"As of November 29, 99 countries provided for ease of travel for fully vaccinated Indians based on recognition of India's COVID-19 Vaccination Certificates either through mutual recognition or through their universally applicable health protocols," Muraleedharan said in the statement.
"Consequently, travel restrictions have been eased for Indian students to travel to many countries including USA, UK, Canada, Australia, Ireland, Germany, Netherlands, Belgium, Luxembourg etc," he added.
(With ANI inputs)ALSO READ: United States lawmakers meet with Taiwan president Tsai Ing-wen in surprise visitALSO READ: Biden invites 110 countries for summit on democracy; Taiwan invited, China excluded
From social media filters, to reshape the concept of traditional retail, Augmented Reality (AR) is rapidly growing in popularity because it brings elements of the virtual world, into the reality, thus enhancing the things we see, hear, and feel. AR has made retail engagement all the more experiential, fascinating and personal and it’s often considered to be in the middle of a mixed reality spectrum; between the real world and the virtual world.Tanishq has taken one step further to be more accessible to its customers by launching into the Augmented Reality experience at the Bangalore and Delhi airports
Take for example the US casual footwear brand Crocs. Globally, Crocs sells 55 million pairs of footwear every year. For Crocs, India is one of the fastest growing markets for the company besides China, Japan, South Korea and Germany. “India will grow as one of the top-tier markets because we know the potential here is fantastic,” Carrie Teffner, CFO, Crocs had said to an Indian premier newspaper.
As one of the fastest growing apparel brands in the U.S. with approximately US$ 8 billion in annual revenue, Old Navy will be able to capitalize on its scale, broad customer awareness and unique positioning to extend its category leadership and deliver profitable growth as an independent company. Through this separation, Old Navy will have the flexibility, focus and control needed to increase customer access by further applying its strategic real estate strategy, evolving its Omnichannel model and expanding its product categories to continue to successfully resonate with value-focused customers. Old Navy will be well positioned to invest in capabilities and initiatives that will continue to grow its market share.
Online fashion platform LimeRoad has opened its second retail store in Panipat, Haryana. The state-of-the-art store in Panipat will primarily retail western, fusion and ethnic womenswear and menswear. LimeRoad plans to open 20 new stores in the next 3-6 months with the vision to take high-street fashion to every town in India. Customers will now be able to shop from LimeRoad not only through its mobile app and website, but also from its brick-and-mortar stores.LimeRoad plans to open 20 new stores in the next 3-6 months with the vision to take high-street fashion to every town in India
“One style that is sure to catch your eye is the bum bag — also known as the fanny pack — which happens to be our favourite! The nostalgic 1980s look has been modernised over the years and is a luxe option for hands-free styling, perfect for wrapping around your waist or slinging over your shoulder. It’s the perfect accessory to any outfit,” they added.
“As per a 2015 report by the Indiaretailing Bureau, the size of the Indian luxury industry, which encompasses bespoke tailoring, is approximately US$ 5.3 billion, with a nearly 20–25 per cent contribution from apparel (US$ 950–1300 million). Presently valued at US$ 360 million, the market for bespoke clothing is growing at an impressive 15–20 percent,” says Tejinder Singh.
Driving the sportswear trend further into the masses are Indian pop culture icons, who are becoming self-proclaimed spokespersons of the fitness movement that is sweeping the country by storm. The proliferation of international brands represented by sports and Bollywood stars have kept sportswear in the public eye, fuelling this drive.
At Creyate, every garment is manufactured with the help of an automated backend that takes care of all the data fed in by the customer. The canvas is decided basis the type of fabric chosen by the customer. “For instance, a lightweight, fluid fabric would require a heavy canvas to give the suit the right shape and structure while a stiffer fabric may not need the same,” says Tejinder Singh.
“Comfort is the number one reason people are moving towards athleisure. Whether you are running a marathon or just chasing your kids at home or chasing deadlines at work, comfort is the number one priority to choosing athleisure over traditional clothing options. No longer does the consumer want to change from the gym or yoga session to something to go catch a coffee or attend a meeting.”
“The primary market for made-to-measure suits undoubtedly lies in the Tier I cities. However, as India has always been an evergreen market for wedding wear, especially a lot of Tier II cities are showing immense potential for the growth of occasion wear. Today, we have already reached out to prospective Tier II cities including Amritsar, Pune and Kochi,” says Tejinder Singh.
On the other hand, in economy fashion, regional retailers have established their strong foothold across different geographic pockets. These pockets are either high density areas in north and east regions or severely fashion underserved areas in north-east and other regions. These retailers have managed to hold the ground due to their in-depth understanding of local fashion preferences and relation based customer retention resulting in high customer traction and vast coverage. However, majority of these retailers have also undergone geographic expansion in similar regions like value fashion retailers in similar cities.
Sometimes an interesting cue about the innovation also invokes interest in customers and they themselves ask the store executives about it. When we introduced our pro-environment ‘One Glass Water’ range of denims, we did just that. We had put up interesting LED displays inside the store and customers were really interested. The sales of our One Glass Water denims almost doubled after the display.”
“From extra pockets or no pockets to details and trends, you can make an item more suited to your personal style and body shape in a customised suit than in a readymade. Most formal suit companies follow European standard sizes and in a country like ours, diversity can never be put on a standard scale. Our languages, food, culture and body shapes differ by every few kilometers. That’s what makes us so diverse and beautiful, Hence, bespoke!” says Shraddha Sharma.
Of late, a new trend of opting for bespoke suits – especially for occasions – has also been registered by brands around the country. “Bespoke items are especially popular in India in the wedding season and for those who are looking for formals for work wear. It is also a great opportunity for people with unique body shapes and sizes to enjoy a no-body shaming atmosphere and buy whatever their hearts desire,” says Shraddha Sharma, Co-Founder, Suit Up India.
“Even placing tabs, tent cards or standees at the cash till with relevant offers for the customers can make him notice it. I also believe that the checkout is a vital point where we can tap the customer once again and induce him to buy more. Our perfumes, deodorants, socks, belts, wallets and shoe care range are usually displayed at the check-out point.”
A typical bespoke enthusiast is an evolved gentleman with an elevated taste and believes in excellence in everything he does. All through the catchment – a mixed demographic – a common trait that separates a bespoke consumer is aspiration. “Our target customers are mixed in terms of income group but who are aspirational in nature,” says Naveen Pishe, Partner, P N Rao.
Speaking at the launch, Bhaskar Bhat, Managing Director, Titan Company Limited said, “As a company, we believe that sarees are a natural extension for Titan. We are known for creating design-led lifestyle brands that enable self-expression including Titan, Tanishq, Fastrack, Xylys, Raga, Skinn (fragrances) and now Taneira. Similar to the jewellery market when we began, this 5,000 year old category is a large, unorganized market and underserved in terms of authenticity of the product. Seeing the tremendous reception, we have had in our pilot stage of the business, we are confident this venture will be an opportunity for us to build relevance and enable transparency and authenticity for the customer.”
Although Indian consumers have come a long way from their earlier price conscious selves, vestiges of this trait are still witnessed today. In line with this, brands still have to make deliberate efforts in their pricing policies. “Our prices are competitive with other international players in the market. We also try to ensure that our price points are more or less the same in India and internationally. The key is providing an awesome product with cutting edge technology while keeping the pricing competitive,” says Vishal Gupta.