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Time of India
33 minutes ago
- Time of India
Three new working women's hostels in Vizag soon
1 2 Visakhapatnam: The GVMC is planning to soon launch construction work on three working women's hostels in Vizag. GVMC officials recently conducted site inspections at the proposed hostel locations in Mudasarlova and Madhurawada. Land is currently being acquired for the construction of the third hostel in the Gajuwaka area. The Andhra Pradesh govt had earlier granted administrative sanction for these hostels. The hostel at Mudasarlova, adjacent to the BRTS road, will be built on two acres, while the facility at Madhurawada will come up on approximately 1.1 acre. The Greater Visakhapatnam Smart City Corporation Limited (GVSCCL), a special purpose vehicle established to implement the Vizag smart city project, will oversee the development under the public-private partnership (PPP) model. Under this model, ownership of the hostels will remain with the state government, while a private entity will manage operations and maintenance. With an approved capital outlay of Rs 172 crore, the proposal was submitted under the Union govt's special assistance to states for capital investment scheme for 2024-25 and has received formal approval. Given the limited availability of government-run hostels for working women in Visakhapatnam, these new facilities are expected to address significant public demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Recent growth in Visakhapatnam's IT, pharmaceutical and service sectors has led to increased employment opportunities, potentially attracting a larger workforce as well as students seeking higher education or professional training. In this context, the hostels will serve as essential infrastructure for women relocating to the city for work or study. Officials said that the initiative will promote gender-inclusive urban infrastructure and enhance female labour force participation. The key objective of these proposed hostels is to provide safe, secure, and affordable accommodation for working women and those preparing to enter the workforce. Experts assert that such facilities are vital for boosting women's economic participation. GVMC commissioner Ketan Garg said that the Union govt has allocated funds for the construction of three working women's hostels in Visakhapatnam. "Land acquisition is currently underway for building these hostels in Madhurawada, Mudasarlova, and Autonagar in Gajuwaka. Construction will be undertaken under the supervision of the GVSCCL. As part of this initiative, site inspections have been conducted in Pineapple Colony near Mudasarlova, and near Kommadi Junction in Madhurawada," the commissioner said. According to officials, the hostels will be equipped with modern amenities, ample parking, food courts, and spaces for recreational and cultural activities. By offering well-furnished, secure accommodation, these facilities are expected to support women's mobility, independence, and access to employment opportunities. The Union govt's initiative to fund the construction of working women's hostels aims to ensure the availability of safe, strategically located accommodation for working women and those pursuing higher education or vocational training in areas with strong employment potential. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
35 minutes ago
- Time of India
Demand storms back in July after rain check in a wet quarter
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai | Kolkata: Sales of daily essentials, household items, and lifestyle products recovered in July, lifting hopes of a steady revival this quarter and for the entire fiscal year. Orders for fast-moving consumer goods at kirana, or neighbourhood stores, rose 8.6% YoY in July, from a 4.6% increase in June, according to phone sales climbed 7-8% YoY in July, per market tracker Counterpoint of home appliances such as refrigerators and washing machines rebounded 7% YoY in July, from a 18-20% decline in June. Sales in the segment had fallen 15- 18% on-year in the June quarter.'July sales were better than June, and August too is looking better as of now,' said Satish NS, president at Haier India, the country's third largest electronics maker. 'The early festive season this year has improved mood,' he said, adding that the company recorded 15% YoY growth in and erratic monsoon rains impacted June quarter sales across most consumer goods segments. It was particularly evident in demand for summercentric products such as air conditioners, refrigerators, and of daily groceries and household and personal products slowed to a 3.9% increase on-year in the June quarter, according to market researcher Numerator, formerly Kantar. 'Growth in the commodities and dairy segments has been largely inflation-driven,' said Harshit Bora, analytics head at Bizom.'Chocolate and confectionery category has seen an uptick in sales of Rs 5-and-below SKUs (stock keeping units),' said Bora.'A good monsoon has also sparked signs of a revival in rural markets which grew 10.3%.' 'Good monsoon will go very well for rural demand,' Godrej Consumer Products CFO Aasif Malbari told ET. 'Even from an urban perspective, interventions both on fiscal and tax side should go well for the year. So, there is likely to be a sequential improvement outlook also for FY26 compared to FY25 from a demand point of view.'Despite sporadic rainfall, a strong harvest tempered food inflation, a key concern for the past several quarters, especially among rural consumers. Companies including Marico , Godrej Consumer Products, Britannia , and Hindustan Unilever , during recent post- earnings calls, maintained guidance for broad-based recovery in consumption sentiment backed by easing retail and food inflation, a favourable monsoon, increased government spending, and higher minimum support recovery has improved in July with good business during sales events by e-commerce marketplaces as well as offline channels, noted Tarun Pathak, research director at Counterpoint. 'There were multiple new launches which helped boost sales... Trade inventory has come down. The run-up to the festive period is quite buoyant after two years.'
Economic Times
35 minutes ago
- Economic Times
Demand storms back in July after rain check in a wet quarter
Mumbai | Kolkata: Sales of daily essentials, household items, and lifestyle products recovered in July, lifting hopes of a steady revival this quarter and for the entire fiscal year. Orders for fast-moving consumer goods at kirana, or neighbourhood stores, rose 8.6% YoY in July, from a 4.6% increase in June, according to Bizom. Mobile phone sales climbed 7-8% YoY in July, per market tracker Counterpoint Research. Sales of home appliances such as refrigerators and washing machines rebounded 7% YoY in July, from a 18-20% decline in June. Sales in the segment had fallen 15- 18% on-year in the June quarter. 'July sales were better than June, and August too is looking better as of now,' said Satish NS, president at Haier India, the country's third largest electronics maker. 'The early festive season this year has improved mood,' he said, adding that the company recorded 15% YoY growth in July. Early and erratic monsoon rains impacted June quarter sales across most consumer goods segments. It was particularly evident in demand for summercentric products such as air conditioners, refrigerators, and beverages. Sales of daily groceries and household and personal products slowed to a 3.9% increase on-year in the June quarter, according to market researcher Numerator, formerly Kantar. 'Growth in the commodities and dairy segments has been largely inflation-driven,' said Harshit Bora, analytics head at Bizom. 'Chocolate and confectionery category has seen an uptick in sales of Rs 5-and-below SKUs (stock keeping units),' said Bora. 'A good monsoon has also sparked signs of a revival in rural markets which grew 10.3%.' 'Good monsoon will go very well for rural demand,' Godrej Consumer Products CFO Aasif Malbari told ET. 'Even from an urban perspective, interventions both on fiscal and tax side should go well for the year. So, there is likely to be a sequential improvement outlook also for FY26 compared to FY25 from a demand point of view.' Despite sporadic rainfall, a strong harvest tempered food inflation, a key concern for the past several quarters, especially among rural consumers. Companies including Marico, Godrej Consumer Products, Britannia, and Hindustan Unilever, during recent post- earnings calls, maintained guidance for broad-based recovery in consumption sentiment backed by easing retail and food inflation, a favourable monsoon, increased government spending, and higher minimum support prices. Market recovery has improved in July with good business during sales events by e-commerce marketplaces as well as offline channels, noted Tarun Pathak, research director at Counterpoint. 'There were multiple new launches which helped boost sales... Trade inventory has come down. The run-up to the festive period is quite buoyant after two years.'
