Mohali-based entrepreneur Manpreet Singh Walia had never imagined he would have an edge over suppliers from China and South Africa in providing sports mechandise for the XIX Commonwealth Games being held in New Delhi.
The corporate entities have decided to reach out to the employable womenfolk in hinterland to disseminate information about the employment opportunities and good working condition in the mills.
According to the general secretary of the All India PNB Officers' Association, K D Khera: "The bank has a staff strength of about 57,000 in all cadres.
Farmers may be grinning ear to ear as the rain god is smiling on Punjab and Haryana, but industries in these states are busy calculating their losses.
Industries in Punjab are facing an acute shortage of labourers, most of whom come from other states. In spite of revising the wages of labourers, be it unskilled, semi-skilled or highly skilled, they have found it difficult to solve the problem.
Most of the projects launched in last few months are working on construction linked payment plan, which could help them win confidence of buyers.
According to various manpower outsourcing firms, more and more companies are resorting to temporary staffing. Rakesh Joshi, regional manager -- operations, IKYA Staffing Solutions, said permanent staffing had seen a slow growth in the recessionary phase. He said companies were not only going for temporary staffing in the junior level recruitments, a few of them were also opting for temporary staffing in middle management.
Jones Lang LaSalle Meghraj regional director Manoj Kashyap feels the cash flow that is readily available with the senior citizens is one of the reasons why real estate companies are looking at this untapped market. According to Gurinder Bawa, business head, International Travel House Limited, availability of time and money with senior citizens is driving the interest of travel houses towards them.
Real estate majors, who had lined up projects in Punjab to woo non-resident Indians, have put on hold their plans indefinitely with most NRIs no longer keen to invest in these properties.
In the absence of buyers, projects have either slowed down or have been delayed. Punjab Colonisers and Builders Association finance secretary HS Lamba said people in Ludhiana are bottom fishing and awaiting further correction in prices. "Though prices of construction material like steel and cement have come down, builders are unable to reduce the price owing to the high land costs," Lamba said.
The company plans to consolidate its position in the existing markets in the north, west and eastern region, and foray into the southern states by the end of this year. Hina Nagarajan, country manager, Mary Kay, told Business Standard that the brand was launched in India in September 2007 and has a sales force of over 3,000 women.
According to Puneet Gupta, general secretary of the Ambala Scientific Instruments Manufacturers' Association, the frequent variations in the value of the rupee against the dollar have hit the already squeezing margins. He added that the value of exports of individual units is not large enough to resort to the modern banking instruments like hedging.
The Indus Entrepreneurs, a non-profit organisation that promotes entrepreneurship, has taken a step forward in spreading awareness on the legal issues related to small industries.
With profit margins of companies being hit, the firms are taking a host of measures including closing down the unprofitable stores. The stores promoted by REI Agro recently closed 30-odd discount stores that were running into losses.
As work on the National Rural Employment Guarantee Programme gathers pace in the villages of Bihar and Uttar Pradesh, paddy farmers of Punjab are faced with an unprecedented shortage of farm hands to sow the crop.
The biggest farm loan waiver in India's history to win over the rural masses may not have struck a chord with farmers in Punjab and Haryana.
Sabeer Bhatia, founder of hotmail, may give some concrete shape to his proposed Nano City project, to be set up near Panchkula in Haryana, on June 9, when he visits India to finalise equity structure with real-estate player Parsvnath Developers.
Paramjit Singh from Chunni Khurd in District Fatehgarh Sahib procures about 300 litres of milk every day from 30 farmers of his village. He shows off an electronic equipment to measure milk, given to him by Reliance, which has opened 400 milk collection centres in as many villages of Punjab as part of its milk procurement and retail marketing programme. For Punjab dairy farmers like Paramjit, there is a range of choices opening up so far as buyers are concerned.
Big retail is fine tuning its strategy to win over critics and corporate social responsibility drives are providing it with the means.ITC and Reliance have already launched projects to recruit street hawkers, the main adversaries of big retail. And now Bharti Mittal has opened a retail innings of its chain, Easy Day, in Ludhiana with something similar.
Real estate market in the national capital region is likely to be hit by the steep rise in steel & cement prices. Caught between oversupply of sales of residential properties and rising steel & cement prices, property developers may be forced to review property prices. But realty developers will not pass on the burden to buyers and will try to absorb the shock of the rise in steel & cement prices. Pushing up real estate prices may hinder potent buyer from buying properties.
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