With several countries affected by the virus, export has turned sluggish.
Italy, the largest buyer of Indian coffee, is anticipating a 10-12% drop in consumption. “The Italian government has asked people to maintain a distance of 1.5 m in public which will hit the consumption in coffee bars and community tables, a part of the country’s culture,” said Ramesh Rajah, president of Coffee Exporters Association.
The new showrooms will go on stream in the next three months..The expansion is part of the jewellery retail chain’s plan to become the world’s largest gold retail chain. Currently the company own and operate more than 260 showrooms spread across 10 countries. The aim is to triple the total showroom count to 750 in the next five years.
India’s cardamom exports plunged 72 per cent year-on-year to 405 tonnes in the six months to September 2019.
China supplies several components for air conditioners made in India. Shortage of these components could affect AC production in India. "We are well stocked till the first week of April. But unless the supply from China is restored in the next couple of weeks, we could face a challenge in the production front after that," said C P Mukundan Menon of Blue Star.
The spread of coronavirus to Italy could further dent India’s seafood exports.
There are companies in India with over 100 patents for such products. Once they isolate a compound through research and clinical trials, they soon patent it to stay ahead of the competition. Till recently, foreign markets used be their bread and butter. Now, rising health awareness is making people take to dietary supplements in urban India too.
"This year we grew at 8%, which was virtually double of what the consumer products industry had grown," said Amit Chincholikar, global chief human resources officer of TCPL. On February 10, TCPL became a combined entity of four verticals by adding food to its existing ones of beverages, water and international business.
Gold village of Kerala: How Koduvally's local jewellers came together to take on organised retail's might
Koduvally has the unique distinction of having a kilometre-long street of gold retail trade. KGM was their first venture into modern retail — a store complete with new designs, large stocks of gold jewellery and even diamonds. They were forced into this move after competition from the large, branded jewellers began gnawing at their revenues.
The March contract for delivery on Ncdex hovered around ₹135 per kg,
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