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Centre approves manufacture of over 5 lakh AK-203 rifles in UP
Over five lakh AK-203 assault rifles will be manufactured at Korwa in Uttar Pradesh's Amethi to boost the self-reliance in defense manufacturing, the Government of India sources said. Centre approved the manufacture, and this endeavor will be done in partnership with Russia and reflects the deepening partnership between the two countries in the defense sector. It reflects the ever-increasing paradigm shift in defense acquisition from buying global to Make in India.
The project will provide business opportunities to various MSMEs and other defense industries for the supply of raw materials and components, which will lead to the generation of new employment opportunities. The project marks a significant stride towards making Uttar Pradesh a key contributor to the ascendant defense manufacturing prowess of India, sources said.
The 7.62 X 39mm caliber AK-203 Rifles will replace in-service INSAS Rifle inducted over three decades back, they informed. AK-203 Assault Rifles, with an effective range of 300 meters, are lightweight, robust, and easy to use Modern Assault Rifles with proven technology that will enhance the combat potential of soldiers to adequately meet present and envisaged operational challenges. They will enhance the operational effectiveness of the Indian Army in counter-insurgency/counter-terrorism operations.
The project will be implemented by a special purpose Joint Venture called Indo-Russian Rifles Private Ltd (IRRPL). It has been created with erstwhile OFB [now Advanced Weapons and Equipment India Limited (AWEIL) and Munitions India Limited (MIL)] of India and Rosoboronexport (RoE) and concern Kalashnikov of Russia.
(With ANI Inputs)Also Read: Assam Rifles seized Rs 1,600 crore illegally traded goods in North East since 2020
Nike’s growing ecosystem in SEA&I allows consumers to shop on their terms — how, when and where they want. Consumers can shop at Nike stores and Nike partner stores, as well as online through the Nike App, Nike.com, SNKRS Web. Nike is also helping people make sport a daily habit through the Nike Run Club (NRC) and Nike Training Club (NTC) activity apps.
“With the Work-from-Home model and offices operating with limited staff , there certainly has been an impact on workwear-wardrobe choices. Power Dressing, the way we see it, is out. People have gravitated to Smart Casual and this shift is a very instinctive thing isn’t it, of us humans adapting to change. In this case, responding by way of choice of attire, where ‘live easy’ appears to be the new norm,” says Sirish Kumar, Director, Astormueller Shoes India Pvt. Ltd.
“The economic circumstances of the company’s customers (the upper middle class) are expected to be as good as in FY2021-22 or perhaps even better, given that virtually all companies are giving out raises to their employees, with its cascading effects on other segments of the population,”the report highlighted.
With work-from-home continuing to be a precautionary measure in 2021 to safeguard employees from the COVID-19 pandemic, formalwear retail brands in the Asia-Pacific (APAC) region need to revisit their strategies to operate and compete in the market, says GlobalData, a leading data and analytics company.
“Although the pressure on discretionary spending, possibility of a second wave of infection in certain states and subsequent travel restrictions continue to pose a threat to the recovery, improved cost structures, liquidity enhancement measures and omnichannel push should provide cushion to glide through the same,”Ind-Ra said.
This has helped the DLF Shopping Malls transform the overall experience during the pandemic. The features in the app enable the customers to plan their mall visits by pre-booking their time slot while sitting at home. Another one-of-its-kind new feature is the ‘Lukout Closet’, which is a digital wardrobe for fashion enthusiasts. This complete immersive visual experience helps curate the look as per the season’s latest trends.
Along with hygienic measures, the retail industry has sped up its rate of technological adoption in the new normal. Currently, 95 percent of Indian retail sales happen at physical stores and online contributes to only 5 percent, and this is expected to change dramatically to breach the double-digit mark within the next one or one and half year.
Home Centre’s presence on Myntra will add an unparalleled range of lifestyle products to the platform, across subcategories, while enabling the customers to access these seamlessly across the country. The brand’s most popular products include Bedsheets, Curtains, Cushions, Towels, Tableware, Figurines, Lamps & Lighting, Clocks, and other kitchen products with prices starting from as low as Rs 299 and going up to Rs 10K, over a wide range of products. Home Centre will offer about 2000 styles on Myntra, to begin with, and will subsequently scale it to 3000 styles over the next three months. Myntra and Home Centre will also work closely for unique product lines, specially curated for customers of Myntra.
Gangopadhyay continues: “The men’s jeans market is larger than the women’s market and casualization of the workplace will help to sustain the men’s jeans market. Brands need to encourage women to buy more using strategies such as incorporating comfort in jeans by using softer fabrics, going beyond the conventional size ranges, as well as offering the opportunity to customize products based on personal preferences.”
As the ﬁtness world is reinventing itself with home ﬁtness routines becoming incredibly popular, we have seen a rise in athleisure trends that are perfect for home workouts, yoga session or even for a brisk run in the garden. Our inhouse brand, Studioﬁt has also been in demand, mainly because of its range of must-have athleisure pieces. Our non-apparel brands, Studiowest, Wunderlove, Westside home as well as footwear and accessories have been more than just an add-on. Women’s lingerie especially soft bras have been the go-to work-from-home comfort support for women. Westside home with its fascinating range of home décor, bath and kitchen products have witnessed exceptional growth too,” says Naidoo.
Fashion for kids is not limited to clothing but also extends to footwear and accessories as well. Styling the kids with minimalist yet voguish pieces is another trend that will be visible in spring-summer 2021. Parents will prefer designer bags, glasses, belts, shoes, hats, etc. to further enhance the fashion quotient of their kids. This is an important agenda for them so as to extend their kids a unique style statement.
Wearing masks, avoiding handshakes, and sanitizing hands have now become a habit. Naturally, shoppers would prefer to go to establishments that have strict hygiene measures in place. A survey conducted in the US showed that 87 percent of fashion buyers preferred shopping at places that offered contactless, cashless shopping, and self-checkout options. The idea of a “cashless transaction system” has existed in India for a while now, and this pandemic could accelerate its adoption.
While the pandemic hit every industry and sector including retail and fashion, BIBA continued its expansion spree and launched new stores across the country throughout 2020 post lockdown. Since its inception, BIBA has come a long way from being a salwar kameez brand to becoming a fashion label which has successfully diversified into various segments including footwear, jewellery, face masks, loungewear and most recently added athleisure to the bottomwear offering.
Flipkart Wholesale, the digital B2B marketplace of India’s homegrown Flipkart Group, has announced the expansion of its operations across seven cities in Bihar with an aim to offer local fashion retailers a safe and seamless platform to buy apparel and footwear with doorstep delivery.