Tag: India

Boom in the Hotel Industry

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Eating out in Bangaloreis important in today. Indian cuisine is famous worldwide and there are good Indian restaurants in every city in every country in the world. No other form of show cooking subtle sophistication that many spices and vegetables are combined into effect cuisine. Restaurants in Bangalore have long been an important part of the history and culture of India and are responsible for most of the historic trade routes between the Indian subcontinent and the rest of the world. Bangalore As a leading commercial and industrial supporters of the Indian economy, booming industry in Bangalore and focuses on modern technology. To maintain the Silicon Valley of India Bangalore continued success as the fastest growing cities in India is due to a modern progressive attitude, which celebrates the past and the future is secure technology, education, and current and culture. The rich cultural history of India and Bangalore is important for religious festivals like Dasara, celebrating the ancient kingdom of Mysore, and Deepavali, the Festival of Lights is celebrated with fervor popularity for all without distinction of culture and faith. So while visitors can enjoy a wide range of Bangalore international cuisine, traditional and contemporary Indian dishes are really a fundamental role in any dining experience Bangalore. Some of the best Indian restaurants thrive in the city of Bangalore. Bangalore is a city in itself varied and lively, more cosmopolitan than most in India, and this is reflected in a selection of excellent restaurants in Bangalore. Visit BookmyRestaurant for Table Reservation in Bangalore.

Vending Cart Industry In India

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The vending cart industry in India has a historic presence, even the format of the cart has not evolved a lot. Still the cart is made of wood with an iron frame to support the wheel and the wood. The cost of the cart being roughly around USD 10 and it makes the capital investment very low. Any one who feels to try his/her entrepreneur skill can invest in with the low capital amount and the stock. No licenses are required to operate such carts in India as they are not legal. When Government starts any action against them they disappear from the market and as soon as the caravan of the government vehicle passes by they reappear as nothing has happened ever. All it requires you to operate such cart is small amount of money (since very low capital), willingness to work and last but not least entrepreneur skill to operate your business.

The vending business in India can be seen across all the industry. One can find food, vegetables, fruits, clothes, shoes, toys, groceries and everything and anything on the cart put up for sale. Recently I have seen a cart selling very costly decorative item on the cart. The carts usually rule the street and at times you can find a specialized market for them which is set up by the local authorities (to improve the conditions of street vendors) generally known as Hatwada in Northern India. But the major industry that rules the vending industry in India is the food industry. You can find every kind of food being served on the plates of these local street food vendors, mostly unhygienic but at times hygienic too.

The scenario of vending business in India is now changing. With the efforts of the government (Ministry of Food Processing in India) and local authorities the vending business in India will see a tremendous change in coming years. With the PPP model a lot can happen which not only can improve the condition of the vending business in India as well as also be able to improve the quality being served on these street carts. Some companies Like KDCPL have already popped in for a better street vending in India.

Future Of Boating And Yachting Industry In China, India And Asia.

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Almost all of us who have anything to do with pleasure boats, wonder how is the boat market going to be in the future? Where is it going from here? Do pleasure boats have any future? Will the trend of owning and selling boats be a larger market or smaller due to world’s economy. What will particularly happen in Asia? Which country will be the major boat market? China, India, Indonesia perhaps? Importantly what steps should be taken today, in order to create a better market in these countries.
In Hongkong, we are realizing the obvious saturation of boating market and almost all dealers and global manufacturers of boats are pointing towards China and India. Making these 2 countries the biggest potential boating markets.
Lets talk about China first and realize that in 2005 we had big hopes for the boating business in China, we thought that the boating industry would be huge by the year 2010. Well, we are in 2010 now and China clearly has not picked up to that level of prediction, so the market is still slower than what the lot of industry experts had predicted. The reason behind that is China’s rules and regulations in pleasure boat industry. Taxation and licensing rules are very unclear in China. The rules are different for different states in China and for new boats there is a 40% tax.

Infrastructure and development speed in China however, is fantastic. But there are very few pleasure boats that are floating on the waters of China. There are definitely buyers for a high end yachts, but the maintenance is still difficult and costly. People are prepared to pay to own a luxury yacht but they are not willing to put a lot of time, over spend on maintenance, pay high taxes and go through long procedures to acquire licenses. Some marina clubs in China are now assisting in providing necessary licenses for their members, but it is not cheap. Another way the Buyers handle this issue, is by simply keeping and using their boats in Hongkong. This obviously overcrowds HK’s marinas and does not help much to boost sales into China.

A way to overcome this issue and in order to create better regulations in future, is for brokers in Hong Kong to sell more low priced and good quality used boats into China. If dealers stop hunting for high end clients and direct more marketing towards the younger and median rich clientele, It will create a lot more pleasure boats in the waters of China. The market will surely respond. Forbes list of 2010 confirms that there are 64 billionaires in China, however, a point to note that there are over 900,000 people whose net worth is more than 10 million RMB. Majority of these people are younger than 39. Even a larger and younger population exist, who are up to 5 million RMB worth.

There are definitely more number of people who are willing to spend a small amount of money initially for a boating venture. Since boating lifestyle is not very common for China, the importance should be given to bringing more boats into China, which are not very expensive and are good in quality.
This can fill the marinas, force the management to grow and also provide decent opportunities for shipyards to work.
It will also force government to look into creating manageable regulations and taxing, and if the growth of this concept is healthy, this will undoubtedly create a friendlier and hassle free market for the high end yacht buyers. In any case, China will have a large boating market, but to make it earlier than later, depends on our actions today.
Lets talk about India.
One of the biggest advantages India has is that Indian mentality and lifestyle is very adaptable to western lifestyle. India adapts and accepts ideas, culture and products from the west very easily. High number of Indian population speaks in English. Almost everyone understands English. If you are a non-Indian company, you can easily find educated work force in India. It is also easy to set up a service centre and to train workers due to India’s language capabilities and educated population.
GDP growth of India is currently 7.2%, The country is ranking no.5 in the billionaires list and India currently holds approximately 200,000 millionaires with net worth of USD 1 million to 10 million, and a larger population of people that are worth slightly less. India’s upper middle class population is expected to grow about 10 times in the next 10-15 years.
But here are the set backs! India’s politics is a chaos, corruption exists in many sectors and things become inefficient.
Major concern is that the infrastructure growth is slow. Due to corruption and differences in political groups, it is difficult to commence any kind of infrastructure. The marina which was due to be built more than 5 years ago in south of India is still not ready. Therefore the speed of development of marinas is a lot slower than China. Boat owners still do not have berthing facilities in India.
On a positive note, being the world’s largest democracy the rules and regulations are flexible and with its plus points, if the luxury boat business does reach a good start like having few working marinas and few decent boats. Indian market for boats will see faster growth than of China’s boating market.
The dealers of boats in India also need to market cheaper and quality yachts for bigger clientele. More boat chartering businesses also can boost the industry in this initial stage.
I am also sure it wont be too long until I can have hassle free cruises in the waters of India and China.

by Baggy Sartape
For more info on boats www.asia-boating.com

How Has Been The Growth Of Chemical Industry In India

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The chemical industry in India is counted among those industries that began working immediately after the countrys independence in 1947. So, it is one of the oldest contributors towards the Indian economy. At present the average annual growth rate of the industry is 12.5 percent.

The Indian chemical industry is divided into a number of segments and each segment has significantly contributed towards the overall growth of the industry. A number of favorable factors have supported the industry well to show desired progress rate. You can learn about these factors and have an overview of the industry as well as exporters and
chemicals importer from the following discussion.

It was till 1991 that India was a closed economy. However, the adoption of liberal policy in 1991 benefited most of the industries, including the chemical industry in India. Since then, the industry has gained recognition in the global economy. Today, it ranks at the 12th position in the world in terms of the production size. Also, the industry contributes 13 percent towards the total export from India at present.

It has been estimated that in few years to come, the industry is going to attain the worth of 100 billion US dollars. To achieve this target, there is need for the improvement in the following areas:
* More number of entrepreneurs is required to steer the industry on the path of expected growth.

* Growth of the overseas sales network to help industrial chemical manufacturers in India to find international buyers.

* Increase in direct employment within the industry.

* Stress on chemical manufacturing knowledge and specialty.

* Improvement in the standards of health and safety.

* Increased use of information technology in the industry.

* And of course, the increase in specialty chemical plants.

The chemical industry in India is divided into various segments. Some of the main segments and their progress statistics are as below:

* Inorganic chemicals constitute one of the major segments of the countrys total chemical production. A growth rate of 9 percent is recorded for the segment that includes alkalis, fertilizers and detergents as main chemicals.

* Drugs and pharmaceuticals are among the most exported chemicals from India. This segment of the Indian chemical industry ranks at 4th position in the world. The growth rate of 8 to 9 percent is recorded by the segment.

* Agro-chemical products include pesticides and fertilizers as the main chemicals in this category. The 10 percent domestic market growth rate is recorded by this segment.

* Dyes and paints segment has a growth rate of about 12 percent. The segment also includes polymers and other related chemicals.

* Petrochemicals in the Indian chemical manufacturing industry have the fastest growth rate of 15 percent.

Considering the growth trends in different sections of the chemical industry in India, one can easily place the industry among major contributors towards the overall growth of the countrys economy. To improve the sales network for the Indian chemicals, the manufacturers and suppliers need to rely upon the online b2b networks. The b2b directories are the places where small and medium sized chemical manufacturing enterprises can gain more benefits.

Upcoming Publication On Global Golf Industry

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Worldwide golf sport and equipments/supplies industry is highly fragmented with largest contribution coming from the US, Japan and some of the European countries. Golf industry has a large number of male participants than female while this trend is slowly changing and increasing number of women are entering into the golf business. India and China are emerging markets for this sport.

Per capita income and demographic trends leave a major influence over golf demand and participation. The US golf industry is one of the largest in the world and has advanced golf facilities. While in recent times, its growth rate is slower than expected because of the high cost involved in the game and present economic conditions of the US does not allow spending much on leisure activities. Golf apparel and accessories segment started gaining popularity due to rising per capita disposable income in all parts of the country. The golf industry, particularly equipment sales, is impacted by the participation rate, especially from a group of core golfers, and also by the number of rounds played.

Within Europe, a major portion of golf demand and supply comes from few countries wherein the UK and Ireland stands on top. The European golf industry is benefiting from rising golf participation rate in the UK and revenues generated from golf tours. A major portion of the demand for golf equipment is coming from Western part of the Europe, while Eastern Europe is also indicating rising interest of population in the sport. Manufacturers of golf equipments have reduced their production estimate for 2012 and 2013 due to falling national income and trade.

Golf industry in Asian region is expanding rapidly with growing income and rising golf tourists. It has been estimated that number of golfers in these regions increasing rapidly and generating need to serve rising number of members. India offers huge opportunities for golf industry with large number of population and rise in foreign tourists arrivals.

The upcoming report on Global Golf Industry, Participation and Growth Forecast will provide a detailed analysis of golf industry development worldwide with focus on Europe and the US markets. The study will include participation trend, impact of economy over golf industry, golf equipments demand and forecasts. The report will also analyze industry trends, macro economy environment and driving forces accounting for change in the industry.
For more information, please contact