Category: Business

Taral Shah, MD of Shivalik Projects, says guidelines are needed to deal with non-consenting members in redevelopment projects

With the pandemic situation easing, a flurry of redevelopment projects are expected in Ahmedabad in the near future, he says

Ahmedabad (Gujarat) [India], March 12: The trend of real estate redevelopment is poised to grow in Ahmedabad, but more regulatory clarity is needed, according to leading real estate developers.

Redevelopment, which refers to demolishing old buildings and undertaking development afresh, has been in vogue in cities like Mumbai for decades. Redevelopment allows for better utilisation of land because of higher FSI, and some of its advantages are larger apartments, better amenities, higher resale value of property, proper parking space, improved fire safety system, among others. While redevelopment has also become popular in Ahmedabad in the past few years, the number of projects is still quite low.

“Redevelopment is a must for new projects to come up in the prime locations of Ahmedabad, where land is otherwise not available. Redevelopment is beneficial for all stakeholders and must be encouraged. That said, it is comparatively a new trend in Ahmedabad, and as with any new thing, it will take some time before it gets widely accepted,” says Taral Shah, Managing Director of Ahmedabad-based Shivalik Projects, a leading real estate developer.

With a view to spur redevelopment of old buildings, the state government in July 2019 amended the rules for redevelopment, making the consent of only 75% of the members necessary instead of the 100% requirement earlier.

“The rule to get the consent of 75% of the members for redevelopment was to make the process easier. But, what about the members who are not giving their consent? There are no guidelines regarding how to deal with non-consenting members. The option is that the consenting members take non-consenting members to court, but it is a time-consuming process. What is needed are clear-cut guidelines on this aspect. This clarity will really boost redevelopment projects,” he adds.

Shah said more than 50 (approximate number pls?) redevelopment projects in Ahmedabad were in advanced stages of negotiations in late 2019 and early 2020, but most were delayed or called off because of the Covid-19 pandemic.

“For the last two years, there was just too much uncertainty. Developers were willing to take up redevelopment projects despite the huge risks, but many societies withdrew from the agreements and decided to wait for the situation to return to normal. Now that the worst of the pandemic seems to be behind us, we are expecting a flurry of redevelopment projects in Ahmedabad,” he says.

Technology is Changing the world. Let’s change the Food Industry with Bollywood Chaiwala

 Mumbai (Maharashtra) [India], March 12: India has always remained fond of tea since time immemorial. Be it morning, afternoon, or even before going to bed, teas have always remained our best partner of us. A Bollywood movie with a spice of actions, love, and thrillers cannot be perfect with some snacks and a delicious cup of tea.

Well, ladies and gentlemen, presenting you all the best chai franchise of India, the love of all the customers- Bollywood Chai wala! With a mission to bring back the smile on every customer’s face by providing them the best kullhad chai blend with the essence of Indian delicacies, the franchise has gone too far in a relatively short period. Upgrade your restaurant with Bollywood Chaiwala.

What is Bollywood Chaiwala- Mission, Vision, and Service rendered

Bollywood Chaiwala is a private limited company that is serving to lots of customers the best teas in the kullhad cups, giving the real vibe of India. The company not only makes millions as revenue but is also known for its excellent services to its customers through its positive deeds, versatile vibes, and Garma-Garam Healthier Maseladar Chai. The largest chai chain brand set itself to stand unique in the crowd by serving tea in kullhad magical cups on which your favourite Bollywood star appears. Wow! Isn’t that stunning!

Bollywood Chaiwala believes in growing with advanced technology as it is one of the essential elements of the business. Known as the Shehenshah of the Food industry, the franchise serves 100% natural masala tea to its customers. You can enjoy every sip of this tea with Indian spices, fresh ginger, and organic honey.

Bollywood Chaiwala is dedicatedly working their fingers to the bone to make the franchise stand in the crowd of the world. Their mission is to spread Indian taste across the globe.

Bollywood Chaiwala has focused on the recent problems the food industry faces in this era. They have come out with many, like- employee management, marketing budget, new food recipes, product quality, product distribution, employee benefits, branding, recruiting, training, billing, employee insurance, safety measurements, distribution on Zomato, and Swiggy, and many more.

Bollywood Chaiwala provides a brand name to all these small food industries. It helps them by offering them 100% branding, quality control, a guarantee of growth, employee royalty, billing and taxation, new ideas and recipes to attract more customers, online marketing and promotions, adaptive e-commerce solution, natural organic products, and many more.

Additionally, it provides 1-5% royalty income to employees for a lifetime, a food subscription model, and numerous other services that no one can match.

Restaurants Owners are already spending 10K – 75K every month for their Online Ads, SEO, Digital Marketing, and online presence. In total, they spend more than 21% of their income every month, which is a significant amount. The franchise has a record of 0% wastage with 90% repeated customers due to their satisfying service.

It offers direct income from bulk purchases from the suppliers, advertisements of big brands, e- commerce websites by selling ready-to-eat foods, premium Bollywood masala chai, flavoured chai, and many more.

The franchise provides a healthy environment and believes in empowering women. Since 2011, Eklavya Jindal, the CEO of the company, has worked hard to make his dream a reality. No doubt, he has succeeded in solving the problems faced by the today’s generation in the Food Industry. Grand Opening of the first outlet of Bollywood Chaiwala is on 18th March, 2022, in Sector 20, Panchkula.

Surat (Gujarat) [India], March 12: The founder & CEO of Ajmera Fashion, a leading textile company from Surat, Mr Ajay Ajmera, was bestowed with the “Millennium Brilliance Award for Best Management in Textile Industry”. The award was presented by Bollywood Actress and Padma Shri Awardee Kangana Ranaut.

The Millennium Brilliance Awards honour outstanding performances of individuals and companies across 15 categories of industries, ranging from textile and education to hospitality.

Speaking about his achievement, Ajmera Fashion Founder & CEO Ajay Ajmera said, “We are honoured to receive this prestigious award. It is a testimony to our untiring efforts in addressing the needs of our customers and stakeholders. It exemplifies our ‘people-first’ approach in all our operations. Our employees put in their best effort for its growth and development. We believe in delegating responsibilities. When responsibility is delegated, the proportionate authority also gets delegated. Delegation helps us to concentrate on our core areas and manage things effectively. We will continue our efforts to constantly improve our products and services.”

Ajmera Fashion is one of Surat’s most awarded and largest textile manufacturers. It is a fashion powerhouse with a complete range of women’s, men’s & kid’s apparel. It has an impressive clientele of 50,000+ retailers, wholesalers, and traders pan India, and it exports to 30+ countries across the globe.

It is quite a unique organisation as it believes in nurturing more businesses by building an ecosystem that encourages entrepreneurship.

“The Millennium Brilliance Award for Best Management in Textile Industry ” is just another feather in the company’s cap as it has won all major awards in the textile industry and has even been featured in the prestigious Forbes magazine.

Talking about his organisation, Mr. Ajmera said, “With a capacity of producing ten lacs pieces of apparel per month, Ajmera Fashion’s state of the art manufacturing facility is amongst the best in industry. We follow SOPs at every stage of garment manufacturing which increases our productivity. It also gives the company a competitive edge and enables it to offer affordable prices for its products.”

Ajmera Fashion gives utmost importance to the quality of its products. Starting from purchasing raw materials to the shipment of lots, it has built-in mechanisms to conduct quality checks and meet the specified quality standards.

The company follows robust HR practices and ensures employee participation at all levels. It frequently organises training sessions as per the need of any particular group. Employees are also encouraged to groom themselves holistically by reading books on different topics.

Standing at the pinnacle of success Ajay Ajmera and his wife, Rachana Jain, have not forgotten their humble roots and have been actively involved in social work. They have been involved in various activities ranging from blood donation camps aids to NGOs to women empowerment.

When we dug deep into the CSR activities being done by Ajmera Fashion, the couple opened up. It said, “With God’s blessings, we have been instrumental in changing the lives of over 5000 housewives belonging to the underprivileged sections of society by enabling them to start their own saree business. And today, most of them have become the breadwinners for their families.”

~ With 500+ registrations, the 2-day event will witness international universities, corporates, and industry experts from all over the world~

India, March 11: The “Global Education Conclave”, the yearly edition of a series of sessions from the higher education space, is going to be held on the 15^th and 16^th of March 2022. An initiative by ‘One Step Global’ this year the event would focus on employability. The two-day conclave will be held virtually on TOEFL’s Facebook platform and will include a variety of sessions on the changing future of work and how international students need to be equipped with the skills and experience to succeed.

International universities such as University of Macquarie, Nottingham Trent University, Dublin City University, University of New South Wales, University of Sussex, Loughborough University, State University of New York, University of Arizona and many more along with Government bodies like Austrade and Enterprise Ireland and corporations like Unilever ETS have already registered for the event.

Prominent speakers and representatives from the above universities and corporates would drive sessions which would focus on international employability trends from countries like the United Kingdom, United States of America, Ireland, Australia, and Europe (Germany and Finland), most employable sectors, career support/latest initiatives provided to international students by the individual participating universities, and insights or statistics on employability from the previous batches.

Mr. Aritra Ghosal, Founder and Director of OneStep Global, said, “The conclave’s goal is to provide international students with career support from our partner universities, latest insights from the HigherEd industry, as well as to discuss the most employable sectors and new university/government initiatives to make international students more employable. Last year’s event was a huge success, with over 40 distinguished speakers and thousands of registrations from all over the world, and I am confident that this year’s event will be just as successful.”

“ETS’s TOEFL program has witnessed the powerful impact of international education and the opportunities it affords to students globally, both in the classroom and beyond,” said Srikant Gopal, Executive Director of the TOEFL Program at ETS. “We’re looking forward to this year’s Global Education Conclave 2022. We encourage students to take advantage of the opportunity to hear from educators, business leaders and changemakers from around the world who will share their insights and perspectives on topics that can help them make decisions about their educational journeys.”

The Global Education Conclave2022 aims to function as an employability guide for international students. These sessions covered during the event will help the students to make more job-relevant decisions about their education. Don’t miss this amazing opportunity, to register please register at https://onestep.global/events/global-education-conclave2022/

About: OneStep Global is a market entry firm specialised in the higher education sector. We help Universities, academic service providers and government organisations to grow their footprint across Asia. Our solutions range from market entry advice to strategy design, logistics support to in country representation. Our deep market knowledge comes from years of experience, strong relationships with key stakeholders, student behaviour analysis and the connect with the on-ground realities.

Mumbai (Maharashtra) [India], March 11: Marwadi Financial Services announces the launch of Crypto Connect, a dedicated research desk designed to apprise Indians on virtual digital assets. On the back of a massive spurt in crypto transactions, a 30% tax on gains from crypto trades was declared in the Indian Union Budget 2022, with 1% taxed at source (TDS). Crypto Connect is a platform where individuals will have easy access to information and research on cryptos. Through unbiased research, Crypto Connect will act as a guide and educate them about the new age asset class. Crypto Connect will not be making recommendations on the buying or selling of crypto, rather it is a platform for well-researched crypto information. Its focus is purely knowledge dissemination.

A salient feature of Crypto Connect is that it is rooted in quantitative analysis, helping rule out human discretion and bias involved in decision-making. Quant-based models are data-driven, and are made as per pre-defined rules. People will find in Crypto Connect, a tool that dispels worry and empowers them with the knowledge to understand this new digital asset.

Speaking on the launch of India’s first crypto research desk, Keval Bhanushali, CEO, Marwadi Financial Services elucidates, “It is no wonder that crypto is gaining traction as digital assets are easy to trade and promise exponential growth in a short timeframe. Indians are looking to supplement existing returns from stocks and mutual funds, and we want to ensure they are making the right choices while keeping the necessary fail-safes in place. Crypto penetration in the country is high, and our goal is to educate society with unbiased research.

As a nation, we are still recovering from the pandemic and so we want to ensure people build rather than compromise on their futures. India has over 10 crore crypto asset investors with more than 8,000 cryptos being traded every day. However, over 90% of these cryptos will bust sooner or later. Crypto is a disruptive technology, so it is only necessary that the larger population is made aware of the benefits and the risks associated with it. To ensure that people do not lose their hard-earned money, Crypto Connect has been envisioned to empower individuals as they navigate the world of virtual digital assets with confidence.”

Diving into the product, Manit Ankhad, Head of Crypto Research & Vice President, Marwadi Financial Services said, “Crypto Connect is tailored to meet crypto enthusiasts where they are and take them towards their journey. India is a young nation hungry for the next big thing in finance, and our free research is designed to help individuals access important information and statistics on crypto. Crypto Connect offers informative reports exploring the latest developments in the space and in-depth, coin-specific research reports for thorough assessments. These will serve as a quick guide for people on their crypto curiosities.”

Despite high trade volumes in the country, there is a lack of quality information and knowledge in the domain of crypto. Crypto Connect by Marwadi Financial Services demystifies virtual digital assets for the progressive Indian through blogs, research reports, top rankings, and expert opinions to bridge the information gap and educate them.

About Marwadi Financial Services ( www.marwadionline.com )

Marwadi Financial Services (Registered as Marwadi Shares and Finance Limited) is the investment and financial services arm of the 3 decade young Marwadi Group. The group was incorporated in 1992 and has ventured into various sectors that include financial services, education and solar power. Across its verticals, the Marwadi group has witnessed steady growth and has a strong team of 2,500+ employees. The company has its spread across 97+ geographical locations across India, with over 500 partners to serve the strong community of over 4 lakh+ esteemed customers. With enabling and empowering their customers on their wealth creation journey, the company offers a wide range of financial products and services that include equity, commodity, currency, depository facilities, IPO and mutual fund distribution, and advisory services. Marwadi Financial services is a trusted financial services solution provider. Through its robust business model, it delivers unmatched value to those seeking financial freedom. The company’s mission is to provide quality advisory services, not just to the existing set of loyal customers but to all investors across geographies in India, through innovative digital-first solutions and AI-based models. As a trusted, strategic financial partner Marwadi Financial Services is deeply committed to gaining the customer’s confidence in investing for their financial well-being.

March 11: Success is a 7 letter word that comes to those who toil. Ever since Aaheli’s inception in October 2020, the brand hasn’t looked back. The urge to bring novelty while remaining true to the country’s traditions is a tough act to follow. However, the brand attempts to provide everyday chic, handcrafted apparel for the women of today, who prefer comfortable & confident silhouettes and have been so far successful in catering to the everyday apparel needs for our customers.

Aaheli has made its name across the country by offering a wide range of handcrafted & trendy apparel for women, featuring an exclusive and evergreen range of Kurtis, Suit Sets, Dresses, Western wear and Indo-western ensembles along with Festive-ready Outfits, Sarees, Dupattas and more. With new styles added daily into our roster and the constant clockwork of the e-commerce world, it becomes imperative to keep the process going and involves an efficient assembly line for the same.

Each Aaheli order is wrapped with love and packed with care. Be it a single item or an order consisting of multiple pieces, a consistent amount of care and attention are given to ensure the correct item with the required size and colour is being dispatched to the customers. In the past, the brand has also participated in sending complimentary masks and surprise gifts to the customers as an approach towards creating brand delight.

Throughout the website, the brand focuses on being accurate with the depiction and descriptions of the listed products in order to be as true to the colours and silhouettes as possible. Along with that, adequate details are available in terms of a comprehensive size chart, wash care instructions and material information so that the customer makes an informed decision during the purchase.

Aaheli’s team emphasizes the importance of accuracy and timely dispatch of items to ensure that the outfit reaches their customer in the shortest possible time. Through partnerships with various delivery companies, Aaheli is able to deliver the majority of the orders within 3-5 business days. However, sometimes some discrepancies may occur and the team ensures that the customer is well informed of the delay caused.

With effective communication and honest efforts, Aaheli has carved a niche for itself with the brand’s further goals aligned with its essence and the promise of comfortable everyday wear and occasion wear.

https://www.instagram.com/aaheli/

https://www.aaheli.com/

SAP Gold Partner Primus Techsystems enabled successful implementation of the solution

Pune (Maharashtra) [India], March 11: World-leader in precision investment cast parts, Jiangyin Uni-pol Vacuum Casting India Pvt Ltd, UNIPOL marks successful implementation of SAP S/4HANA, enabling it to be an Intelligent Enterprise. SAP Gold Partner, Primus Techsystems Pvt. Ltd. deployed the solution while streamlining operations to optimize processes at UNIPOL to help build a robust digital enterprise.

UNI-POL’s robust manufacturing infrastructure, along with component quality systems and ongoing innovation, offers its customers next-generation precision investment casting solutions. Equipped with global standards, latest business processes and best practices from SAP shall support UNI-POL’s digital core and accelerate innovation. Moreover, the solution will help scale business and help UNI-POL’s customers benefit from RISE with SAP.

“We feel extremely proud and delighted to share the immense journey we covered during the implementation of SAP S/4HANA Solution. SAP at our India premises puts us at par with our global standards, and the processes now help us align our DAS for production line transactions. With a focus on cost optimization and resource redeployment, UNI-POL will focus more on customer experience and continue with its pioneering approach, said Ankit Handa, Finance Director, Jiangyin Uni-pol Vacuum Casting India Pvt Ltd. 

He added, “We thank the entire team at Primus Techsystems for their remarkable contribution to the successful implementation of SAP S/4HANA in a record time.

With this offering, UNIPOL will provide its customer with extensive cloud expertise. SAP will help accelerate UNI-POL’s customers’ journey with RISE with SAP by providing a fully managed, secure, and decarbonized transition to the cloud.

From UniPol – Go Live event was attended by David Orr, CEO, Ankit Handa – Director Finance, Pravin Mandlekar- IT Head. From Primus Techsytems – Yuvraj Bhosale IT Manager, Ashish Bhavthankar, General Manager Business Development, CP Pawar Technical Director and Gulab Awari – Project Manager attended the Go-Live event. At the event, SAP India was represented by Ankit Thakker, Director Sales, SAP India

ABOUT UNIPOL

Unipol is a world-leading company in precision investment cast parts. Our robust manufacturing, component quality systems and ongoing innovation offer quality products meeting our customer’s demands and diverse applications. We have over 700 employees worldwide communicating more than eight languages, with support teams across India, China, Mexico and Europe. Jiangyin Unipol Ltd was established in 2005 in China and had three manufacturing facilities in China, India and Mexico and recently adding the fourth one in the UK. Our manufacturing sites have the approvals of IATF 16949, ISO 9001, ISO 14001, VDA 6.3 and AS 9100. We adhere to implementing the lean 6 Sigma process quality control methodology. We are performance-driven to continually improve levels of efficiency and excellence, achieving high component quality and a low PPM.

March 11: The rising Indian webstore, Bizpressions empowers emerging startups and businesses with as many raw materials possible, in affordable quantities. To help them experiment with new products or packaging materials easily, faster, and in less budget compared to wholesalers and manufacturers.

In present times of coronavirus pandemic, the upsurge in the price of raw materials and packaging materials, the reluctance of wholesalers and manufacturers have been harsh on small businesses and emerging startups. They have been unable to develop and launch new products because most wholesalers and manufacturers have been reluctant to supply raw materials or packaging materials in small quantities.

Despite the strenuous efforts, investment, time, and willingness of small businesses and emerging startups to pay double or triple the wholesale price. They have been unable to pursue the product development process seamlessly because of their inability to purchase large volumes initially. Such inability and reluctance on part of the wholesalers and manufacturers have led to the launch of online platforms like Bizpressions, to help emerging startups and businesses experiment with new products seamlessly.

Bizpressions is a website that is dedicated to helping all the 21st century small businesses and emerging startups to develop and launch new products. They can purchase required materials such as raw materials, chemicals, packaging materials, fragrances, etc. from the online marketplace.

The online platform offers small businesses and emerging startups with the same items and same quantities as most wholesalers or manufacturers would. It helps them purchase almost no minimum order quantity with a slightly higher price as compared to the wholesale price. As the customers start ordering larger quantities, the price will also start reducing subsequently.

There are plenty of B2B portals and web stores that offer raw materials or other essential goods to businesses at wholesale prices. However, most of these websites offer through third-party sellers, after adding platform fees, and some other charges. In the end, this leaves not much difference between the B2B and B2C prices. But Bizpressions offers many reasonable and affordable prices in comparison to these websites.

Nowadays, most online platforms set the final product price three times the normal product price. Then, they give 30% to 50% discount on their final product price because most customers fall for it. But most of these customers are unaware that they are paying much more than the normal price even if they are buying at discount.

The prices of all the raw materials and other products on Bizpressions are straightforward and transparent. They do not offer discounts but resonate with their price changes based on offline market rate fluctuations. This means all their business and emerging startup clientele will be paying the same rate as the offline market rate.

Bizpressions also does not offer free shipping. They charge shipping prices based on the order quantity so customers pay nothing more, nothing less. This way, their products and shipping service becomes affordable for both, their customers and themselves. Thus, enabling both of them to perform their best. Visit them at https://bizpressions.com/

Fipola delivers 10k+ orders daily orders by the end of this quarter

Aims to cross revenue of Rs. 460 crores by the next financial year

 Mumbai (Maharashtra) [India], March 11: Fipola, India’s leading omnichannel Meat Superstore, announced that it has registered more than 10k+ orders daily in the past three months. The D2C(Direct-to-Customer) Startup recorded more than 3 lakh orders in the last month, with most of its sales coming from products like seafood, chicken, mutton and value-added products. Fipola is all set to initiate its business expansions and launch over 40 retail outlets by March 2022, intending to double its daily orders.

Chicken is by far the most preferred product by the customers as it registers over 38% of its sales. This is closely followed by Seafood (32%) and Mutton (21%). Going forward, the company is also aiming to expand its presence in the hospitality sector by increasing its other offerings – ‘Fipola Grill House’ and ‘Fipola on Wheels’.

Speaking on the business expansion, Mr. Sushil Kanugolu, Founder & CEO, Fipola, said, “Fipola has always aimed at meeting the customers’ needs by leveraging our unique user experience along with high-quality meat products. We are launching Pune in may and set to increase our revenues to more than INR 460 crores by the end of the financial year and With this massive expansion, we aim to deliver over 250+ products across seven key cities like Chennai, Hyderabad, Coimbatore, Vellore, Tirupur, Pondicherry and Bangalore. Currently, we are taking more than 300000 orders from our base of more than 10 lakh customers.” 

Further, Mr. Kanugolu added, “We have touched an annual run rate of INR 200 crores. With gradually increasing demand in the meat and seafood industry, our target is to achieve a growth rate of 4x year on year.” Fipola is continuing to raise more funds as it sets its eyes to expand to 275 stores across India in the next 16 months entering newer markets like Delhi NCR, Mumbai, Kolkatta, and Punjab.

About Fipola Retail India: 

Fipola Retail India Pvt Ltd is a South India based omnichannel D2C meat and seafood retail brand founded by Mr. Sushil Kanugolu in December 2016. The brand since then has successfully redefined meat retailing in the country by delivering premium products and best-in-class customer service within a hygienic and convenient shopping environment. Fipola also recently diversified its services under the same umbrella. Fipola Grill House is one of the largest, with eight outlets in Tamil Nadu and almost all stores in Hyderabad and Bengaluru. A brand extension caters to restaurant-style grilled chicken and shawarmas takeaways that are ready to eat. Fipola on Wheels is another diversification, manifesting the brand’s concept of ‘bringing the store to your doorsteps’. This international concept of Mobile Retail Stores has its presence in Chennai, Hyderabad and Bengaluru. 

Fipola is continuing to raise more funds as it sets its eyes to expand to 275 stores across India in the next 16 months entering newer markets like Delhi, NCR, Mumbai Kolkatta, and Punjab.

March 13: In India, with COVID-19 showing signs of receding, business owners were just about expecting to get back on their feet and start recouping at least part of the losses incurred by the pandemic.

However, the Russia-Ukraine conflict seems to have thwarted their hopes again with inevitable price inflation and a disturbed supply chain. Addressing a recent press conference, Finance Minister Nirmala Sitharaman also expressed concern, saying that the escalating geopolitical situation is a concern for New Delhi because trade disruptions could potentially impact supply chains and fuel inflation, which has already breached the Reserve Bank of India’s (RBI) tolerance threshold of 6 per cent in January.

The Indian import and export industry has been severely affected due to the caution in the foreign airspace. Industries across textiles, plastics, steel, pharma, Compressed Natural Gas (CNG), are nevertheless endangered. Russia is an important supplier of oil, metals, and natural gas and higher prices for these commodities are sure to create economic damage across the world. The Indian Rupee is also witnessing depreciation against the US Dollar, which will increase the cost of products in India.

Rajiv Ranjan, Chairman (Micro Clusters Development Council, MSME council, Employment generation council, Member NGC (AIMO) points out that amid the Russia-Ukraine crisis, the steel industry will see multiple impacts. “If you see the commodity prices globally, specifically, oil prices are about $110 a barrel in the international market, leading to an increased cost of energy. Metallurgical coal or coking coal is a vital ingredient in the steel-making process. The current situation is already getting reflected in higher oil and gas prices, leading to an increased cost of energy. Moreover, commodity and raw material prices will also see a steady increase.”

Russia and Ukraine are net exporters of steel, cumulatively to the tune of almost 40 million tonnes. Rajiv Ranjan further says this will disrupt supply chains in the next few months, leading to an increase in steel prices in the short term.

If this conflict continues, the market will see a sustained period of higher steel prices, which means that consumers will end up paying more for steel products. The automobile industry, especially, will be impacted in a big way, he added. The Indian textile industry is also witnessing challenges owing to the halt in shipments.

“The Indian textile sector, at large, will witness a massive impact as far as exports are concerned. Key export markets like Europe and Russia have already seen a temporary pause in activities, which would impact the overall turnover of Indian textile brands,”.

There is tremendous uncertainty in the global markets not only in terms of trade but also in terms of liquidity. Lack of liquidity would mean a temporary haul in payments and receivables which would further impact the cost of acquiring raw materials as well. The scenario is also challenging for the Indian pharma companies for whom the European market is a strong export destination. “You see that India is import-dependent for most of the raw material. Even for making paracetamol, we import excipients. With the rise in crude prices, the price of aluminium and PVC used in pharma packaging has gone up.”

It is not about one particular industry. In the truly global village of today, a war between two nations has a worldwide catastrophic financial impact.

Rajiv Ranjan, founder of Indie TikTok, who also heads Rudraa Initiatives Media and is the Chairman (Micro Clusters Development Council, Employment Generation Council, MSME Council) and Member NGC (AIMO).