Surat: Even as the leaders of the diamond industry were successful in resolving the wage issue of the diamond cutters employed with around five manufacturing units — these workers took to streets on Tuesday after the factory owners refused to implement the 20 per cent hike announced by the Surat Diamond Association (SDA) —fresh incident of stone pelting by rampaging diamond workers were reported from the Katargam area on the second consecutive day on Wednesday.
Around 400 diamond cutters and polishers targeted some 25 manufacturing units located in the Gotalawadi area in Katargam and forced the owners to down the shutters after they refused to implement the wage hike. Some of the agitating workers indulged in stone pelting at two manufacturing units in Katargam.
KS Patel, police inspector, Katargam police station, said, “Two units in Katargam were targeted by the diamond cutters. Adequate police bandobast has been deployed in the Katargam area where the units are located.”
It seems the decision taken by the SDA to implement 20 per cent hike in the wages of the diamond workers has come as a major disappointment for the small and medium manufacturers in the industry. Most of the small and medium manufacturers have refused to implement the 20 per cent hike announced by the SDA.
Sources said around 35 per cent of the small and medium units — facing tough competition due to the dwindling profit margins and shortage of rough — are not in a position to implement 20 per cent hike.indian suppliers
“We are not in a position to hike the wages by 20 per cent. Most of the small and medium factory owners are operating on wafer thin margins due to the shortage of raw material and the increasing prices of rough,” said Valjibhai Dhamelia, a small indian manufacturers operating 10 ghantis (emery wheels).
Another indian manufacturer said, “Many small manufacturers have shifted to Bhavnagar in the last few months following problems in the industry. If the problems continue for another few months then more people in the industry are likely to shift to their native places.”
On the other hand, the leaders of the industry believe the 20 per cent hike in the wage is not going to affect the business of the small and medium manufacturers.
“The cost of the raw material is 80 per cent and the labour charge is 20 per cent. However, if the 20 per cent hike in the wages is calculated then the manufacturers have to to implement only two per cent hike in the wages. If the industry wants to retain the workforce then each one of the manufacturers have to comply with the hike in the wages,” said Praveen Nanavati, former president, SDA.
Dinesh Navadia, vice-president, SDA said “There are some unscrupulous elements in the industry behind the labour unrest. But the industry leaders are making all possible efforts to convince each and every manufacturer in the industry to comply with the 20 per cent hike in the wages.”
Showing posts with label importers. Show all posts
Showing posts with label importers. Show all posts
Tuesday, 29 October 2013
Saturday, 31 August 2013
Indian generic companies lash out at US pharma biggie
At a time when domestic generic medicines are helping the developed world to slash healthcare costs, big pharma has lashed out at indian manufactruers. The remarks made by chairman of one of the world’s largest companies, Sanofi Aventis, attacking domestic generic companies for exporting drugs, has created a furore.
Infuriated, the industry has asked the government to step in and register their protest at an appropriate forum.
Recently, Jean-Francois Dehecq, chairman of French firm Sanofi-Aventis, citing India as an example has criticised generic companies for exporting drugs rather than selling them locally. He’s been reported as saying in the media, “They make (drugs) cheaply and bring them to the North for people who can already pay. It is a scandal. They are exploiting people in the South. They should deal with their own countries first.”
Indian Pharmaceutical Alliance secretary general, DG Shah, told Times of India: “This statement is indicative of the mindset of the big pharma that the third world nations should not look at them for access to medicine. It conveys a message to the trade negotiators that the developing countries like India, Brazil and Indonesia should not look at the West as a market for their generic products.”
The industry has countered the charges saying that they are baseless. It has said in a letter to the commerce secretary that the domestic industry has not only made indian manufacturer self-sufficient for most of its medicines requirement but also emerged as a major source of supply for the developing countries. Such statements, if not challenged, hurt the interest of the domestic industry, it adds.
One of the major generic manufacturers, Cipla’s joint MD Amar Lulla said “This (statement) reflects the insecurity of the big pharma towards India.” Generic drugs are copies of patented medicines and are sold in certain cases at even onetenth of the prices of the branded but offpatent drugs.
The domestic industry wants to sensitise government to the attitude of the big pharma, whom it wants to “please through a trade related aspects of intellectual property rights plus IPR regime.” Sanofi-Aventis has two manufacturing units in India, both of which have been identified as global sourcing units, and its Indian operations recorded export revenues of 30% of its total sales in 2005
Monday, 26 August 2013
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Tuesday, 21 May 2013
Indian Manufacturers : how to exposed his porducts
Indian Manufacturers : how to exposed his porducts
Indian Manufacturers : how to exposed his porducts
Indian Manufacturers : how to exposed his porducts
Indian Manufacturers : how to exposed his porducts
Monday, 4 February 2013
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There is no need to advertise your products at any location.<a href="http://www.way2trading.com/">B2B portal</a> also allows for targeted advertising of products and services. It offers cut down costs of marketing and advertising products using physical efforts and medium other than internet. Product images and its descriptions are uploaded on trading site and business is carried out virtually using these websites.<a href="http://www.way2trading.com/">B2B Business Directory</a> provided by b2b portals accepts, store and retrieve all the details regarding buyers and sellers. There are separate sections in directory for various business persons such as manufacturers, suppliers, importers, exporters, wholesalers etc. You can access information of each other, study and make decision to which product, buyer or seller you should deal with.
Importers and exporters can surely use such trade portals to get secured buy leads and sell leads. If you are in search of faithful business deals, you can deal with listed members in a business directory possessing trust seal. It is a kind of verification and authorization of member carried out by b2b site itself. This feature will provide safe business trade. Being not only safe, convenient but also reliable source, B2B online trading portal offers information of company and its products in summarized or detailed form as per requirement.
B2B marketplace is regarded as an excellent invention by plenty of its users. Due to a common platform, worldwide buyers and sellers, importers and exporters can save their time and money of meeting each other by travelling miles along. It benefits both parties at a time with the increase in trade leads, sales progression and revenue maximization. Profits are amplified due to internet connections, easy contacts among buyers and sellers and the shortest trading intervals. Use business portals and get lots of benefits!
Business relationships are formed by registering your company on b2b portal and making trade deals. Becoming a featured member can help you to be placed on top of the list of buyers and sellers and you will get more business opportunities. Breaking geographical boundaries, it has a power to expand work area globally just with few clicks. It can be called as a strong weapon to fight with time and place barriers of doing any kind of business from anywhere. As well you can go online with any number and any type of product, either consumer oriented or industry specific.
There is no need to advertise your products at any location.<a href="http://www.way2trading.com/">B2B portal</a> also allows for targeted advertising of products and services. It offers cut down costs of marketing and advertising products using physical efforts and medium other than internet. Product images and its descriptions are uploaded on trading site and business is carried out virtually using these websites.<a href="http://www.way2trading.com/">B2B Business Directory</a> provided by b2b portals accepts, store and retrieve all the details regarding buyers and sellers. There are separate sections in directory for various business persons such as manufacturers, suppliers, importers, exporters, wholesalers etc. You can access information of each other, study and make decision to which product, buyer or seller you should deal with.
Importers and exporters can surely use such trade portals to get secured buy leads and sell leads. If you are in search of faithful business deals, you can deal with listed members in a business directory possessing trust seal. It is a kind of verification and authorization of member carried out by b2b site itself. This feature will provide safe business trade. Being not only safe, convenient but also reliable source, B2B online trading portal offers information of company and its products in summarized or detailed form as per requirement.
B2B marketplace is regarded as an excellent invention by plenty of its users. Due to a common platform, worldwide buyers and sellers, importers and exporters can save their time and money of meeting each other by travelling miles along. It benefits both parties at a time with the increase in trade leads, sales progression and revenue maximization. Profits are amplified due to internet connections, easy contacts among buyers and sellers and the shortest trading intervals. Use business portals and get lots of benefits!
Author's Bio:
Keshav Dussal is the author of article. He has been demonstrating his writing skills by writing the articles for <a href="http://www.way2trading.com/">B2B marketplace</a> from last two years. He also has a keen interest in writing stuff for <a href="http://www.way2trading.com/">global business directory</a> related topics. He has written various articles on <a href="http://www.way2trading.com/">B2B Business Directory</a> .
Monday, 17 December 2012
Fortis arm to sell Aussie stake to UK firm
The Singapore subsidiary of Fortis, promoted by Malvinder Singh and Shivinder Singh, would divest its 64 per cent stake in Australia- based Dental Corporation Holdings to the UK- based healthcare organisation Bupa. The deal, valued at A$ 270 million ( around ₹1,550 crore), was expected to be completed in March 2013, the company said in a statement today.
According to the company, the proceeds from the divestment would be utilised to reduce the healthcare major’s current financial leverage of around ₹4,500 crore.
“The divestment proceeds will go towards strengthening Fortis’ balance sheet, bringing it closer to its net debt- to- equity target ratio of 0.6x,” the statement said.
Fortis, which entered the dental chain in January 2011, expanded it from 140 practices to 190 in Australia and New Zealand.
However, the operations of the dental chain remained confined to the two countries and, in spite of exploration and backing from its parent, it could not do in other geographies as well as Fortis had envisaged.
“As a premier healthcare company, we are quick to assess the competitive landscape, the opportunities for growth and emerging trends... The move is good for Fortis as it aligns the company with its current strategic priorities,” Fortis Executive Chairman Malvinder Singh said. “ This will help consolidate our presence as one of the fastest- growing healthcare companies in the region,” he added.
The ₹1,550- cr deal expected to be completed by March
Tuesday, 20 November 2012
Way2Trading - Indian Manufacturers,Indian Suppliers,Exporters Directory India
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