Latest news with #BrijeshGoyal
The Print
16-05-2025
- Business
- The Print
Delhi traders vow to halt all business ties with Turkiye, Azerbaijan
CTI chairman Brijesh Goyal said that the traders collectively took an oath not to conduct any future trade with Turkiye and Azerbaijan. The Chamber of Trade and Industry (CTI) organised a campaign at the Delhi Secretariat where several market associations, traders and factory owners participated. New Delhi, May 16 (PTI) Traders in Delhi on Friday pledged to halt all business ties with Turkiye and Azerbaijan, following the two countries' recent political stances regarding India's counter-terror operations under Operation Sindoor in Pakistan and Pakistan-occupied Kashmir (PoK). He also mentioned that representatives from major markets such as Kashmere Gate, Chandni Chowk, Chawri Bazar, Naya Bazar, Khari Baoli, Gandhi Nagar, Sadar Bazar, Rohini, Karol Bagh, Lajpat Nagar, Sarojini Nagar, Kamla Nagar, Bawana, and Narela were present and joined the protest. In addition to the trade boycott, participants also vowed not to travel to Turkiye or Azerbaijan. Manoj Khandelwal, director of a Delhi-based travel and tourism agency, said that many travellers have already cancelled trips to these countries. He added that most travel agencies are no longer offering bookings for both countries. CTI convenor Priyanka Saxena said that in 2024, approximately 2.75 lakh Indian tourists visited Turkiye and 2.25 lakh visited Azerbaijan. Tourism contributes around 12–14 per cent to the overall economy of both countries and Indian visitors form a significant part of that. CTI Chairman Goyal further said that hundreds of Delhi-based traders have already started cancelling their orders with Turkiye and Azerbaijan and are now exploring alternative sourcing options in other countries. India and Turkiye had bilateral trade worth USD 12.5 billion in 2024. According to CTI, the boycott by Indian trader groups could potentially lead to losses of up to Rs 1 lakh crore for Turkiye's economy. PTI SHB HIG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
New Indian Express
01-05-2025
- Business
- New Indian Express
With band, baaja, and baraat, Delhi clocks Rs 1,000 crore wedding biz in a day
NEW DELHI: The national capital witnessed a big business boom on Wednesday as over 21,000 weddings took place on the occasion of Akshaya Tritiya. According to estimates by traders' associations, the wedding rush generated a turnover of nearly Rs 1,000 crore in a single day. Brijesh Goyal, Chairman of the Chamber of Trade and Industries (CTI), said that nearly all banquet halls, hotels, and wedding venues in the city were fully booked for the day. 'There is a tremendous celebration of weddings across Delhi along with the occasion of Akshaya Tritiya. The city is estimated to host more than 21,000 marriages today, due to which the markets are looking vibrant. This is a peak season for businessmen associated with weddings,' Goyal said. Goyal added that prices for hotels and banquet halls also went up by 10–15 percent due to the high demand. Services like catering, event management, beauty salons, DJs, decoration, and music also saw a rise in bookings. According to traders, Gold and silver prices are high but people still bought jewelry, mostly lightweight gold and diamond pieces. 'The jewelry sector alone generated a business worth Rs 200 crore in the day,' Goyal added. He explained that wedding spending is divided into different areas: about 10 percent goes to clothes like sarees and lehengas, another 10 percent to electronics and household items, and 15 percent to jewelry. Around 10 percent is spent on food items like sweets and dry fruits, and about 4–6 percent on gifts. Most of the money—about 60 percent—is spent on services like wedding venues, decoration, transport, photography, music, and more. Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) and a Member of Parliament, said that India's wedding industry is now worth over Rs 10 lakh crore but still isn't officially recognised as an industry. He said there should be proper rules and systems to manage this huge sector and reduce the use of cash. 'Giving the wedding industry official status and better rules will make the sector more transparent and help the Indian economy grow,' he added.
Time of India
30-04-2025
- Business
- Time of India
Delhi hosts 21k weddings on Akshaya Tritiya; traders expect biz worth Rs 1,000 cr
Delhi's wedding industry anticipates exceeding Rs 1,000 crore in revenue on Akshaya Tritiya, with approximately 21,000 marriages taking place. The surge in weddings is expected to benefit various sectors, including banquet halls, caterers, and jewelers. While gold prices are high, lighter jewelry options are gaining popularity, and families are allocating their budgets across clothing, jewelry, services, and decorations. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Wedding-related businesses in Delhi are expected to surpass Rs 1,000 crore in one day as the national capital is witnessing around 21,000 marriages to coincide with Akshaya Tritiya -- an auspicious day in the Hindu calender. Akshaya Tritiya, celebrated annually on the third day of the bright half of Hindu calender month Vaisakha, falls on Wednesday this to the Chamber of Trade and Industry (CTI), this is one of the peak days of the wedding season, benefiting a wide range of businesses including banquet halls, hotels, caterers, salons, decorators, event managers, and estimated that the overall wedding-related business in the Delhi on Wednesday could exceed Rs 1,000 crore."Rates of banquet halls and hotels have seen a 10-15 per cent increase due to high demand," CTI Chairman Brijesh Goyal General Secretary and gold trader Gurmeet Arora said that the gold and silver trade alone is expected to see a turnover of around Rs 200 crore. However, with gold prices at record highs, buyers are showing more interest in light-weight jewellery."The price of gold has risen significantly. Ten grams of gold is currently priced at around Rs 97,000, compared to Rs 73,500 on Akshaya Tritiya last year. As a result, traders are focusing on smaller, lighter gold and diamond jewellery pieces to meet customer demand," Arora are estimated to spend around 10 per cent of their wedding budget on clothing, 15 per cent on jewellery, and 5 per cent each on electronics, sweets and dry fruits. Gift items account for around 4 per cent of spending, according to Deepak Garg, Senior Vice President, the services category, 5 per cent of the budget typically goes to banquet halls and hotels, 3 per cent to management, 10 per cent to tent and decoration services, and another 10 per cent on other services such as catering, he decoration makes up 4 per cent of total expenses, while transportation, photography, and music-related services together account for about 15 per cent, he added.
Hindustan Times
25-04-2025
- Business
- Hindustan Times
Over 8 lakh shops in Delhi remain shut in protest against Pahalgam terror attack
Over 900 markets in Delhi were shut down on Friday in protest against the terrorist attack in Pahalgam, leading to a trade loss of ₹1,500 crore in one day, reported news agency PTI. According to the Confederation of All India Traders (CAIT), more than 8 lakh shops across the national capital participated in the bandh, spanning key sectors such as textiles, gold, spices, utensils and more. Also Read: Kashmir shuts down after years, this time to protest Pahalgam terror attack The bandh had been called by the Chamber of Trade and Industry (CTI). The trade body's chairperson Brijesh Goyal told PTI, 'This is more than just a protest. It's a united stand against terrorism, we are observing this bandh in memory of those who lost their lives in Pahalgam." Goyal urged the Indian government to cut all trade ties with Pakistan and call for a boycott of Pakistani products as well. Also Read: Locals protest against Pahalgam terror strike, say this attack was not on tourists, but on all of Kashmir Gandhinagar, home to Asia's largest readymade wholesale garment market was closed on Friday. In places like Sadar Bazaar, even fruit and vegetable vendors kept their shutters down. Other famous markets in the city such as Chandni Chowk, Janpath, Mukherjee Nagar and Sarojini Nagar also remained shut throughout the day. Thousands of shopkeepers and businessmen, from various traders associations, participated in a march as well on Friday, from Chandni Chowk to Red Fort, demanding justice. Also Read: Security heightened across Gurugram to avoid tension after Pahalgam attack In Chandni Chowk, traders associations also displayed posters featuring the photos of the 26 victims with brief descriptions about them and offered floral tributes in their memory. CTI had also held a candle march in Connaught Place, a busy commercial hub in Delhi, to condemn the attack on tourists in Pahalgam.
NDTV
25-04-2025
- Business
- NDTV
"We Are United": Markets Shut Across Delhi To Protest Pahalgam Attack
New Delhi: The markets across Delhi wore a deserted look on Friday as traders observed a 'bandh' to protest against the Pahalgam terror attack that left 26 people dead this week. More than 100 market associations, including Sadar Bazaar, Bhagirath Place, Gandhinagar, Naya Bazar, Khari Baoli, Chawri Bazar, Chandni Chowk, Jama Masjid, and Hauz Qazi, participated in the shutdown to demand justice for the people killed in Tuesday's attack. #WATCH | Delhi: Markets in Chandni Chowk are shut as traders call for a 'Bandh' to protest against #PahalgamTerrorAttack — ANI (@ANI) April 25, 2025 Various merchant associations from sectors such as textiles, spices, utensils, and bullion also joined the shutdown. "This is not just a protest; it is a collective stand against terrorism. We are all united in this fight and are observing the bandh in memory of those who lost their lives in Pahalgam," Brijesh Goyal, Chairperson of the Chamber of Trade and Industry (CTI), said. He also appealed to the government to cut all commercial ties with Pakistan and to enforce a boycott of Pakistani products in India. A similar shutdown was observed in Rajasthan. Markets were also closed across different parts of the country, including Himachal Pradesh, Uttarakhand, Punjab, Uttar Pradesh and Maharashtra, on Thursday. Kashmir was also completely shut for the first time in 35 years on Wednesday, with residents and traders hitting the streets, expressing solidarity with the families of the victims, and sending a strong message against terror. The attack, which took place in Pahalgam's Baisaran -- dubbed "mini Switzerland" -- claimed the lives of 25 Indians and one Nepali citizen. The attack in Baisaran meadow -- a tourist hotspot known for jaw-dropping views of the Himalayas and the Valley's signature pine forests -- was one of the deadliest assaults in the region since the Pulwama incident in 2019.
