Latest news with #Ghodawat
Time of India
16 hours ago
- Business
- Time of India
Textiles, gems & jewellery, seafood must diversify markets fast to cushion Trump's tariff blow: Shrenik Ghodawat, Sanjay Ghodawat Group
Live Events With US President Donald Trump 's 50% tariff on imports of Indian goods creating uncertainty across sectors, Shrenik Ghodawat, Managing Director of Sanjay Ghodawat Group , emphasises that industries such as apparel, textiles, gems and jewellery, and seafood, which are heavily dependent on the US market, must rapidly diversify their export destinations to mitigate the effects. While the full impact will require time to evaluate, projections suggest next year's GDP growth may decline by 0.4 to 1 percentage points, Ghodawat notes. In an interaction with, Ghodawat discusses the Trump tariffs, his group's future plans, organised supermarkets, rural demand, and more. Edited excerpts:The 25% additional tariffs imposed by the US could be a significant setback for India's exports. The US is our largest export market, accounting for about 18% of our shipments (worth $86.5 billion annually) and roughly 2.2% of our gross domestic product (GDP). If Indian goods become 50% costlier, customer demand will be hit, especially in sectors like apparel, textiles, gems & jewellery, and seafood, where the US is a major industries will need to diversify markets quickly to cushion the blow. While the full impact will unfold over time, estimates suggest that next year's GDP growth could slow by 0.4 to 1 percentage export contribution from the US market is not very significant. Therefore, we don't anticipate much impact on our overall to various estimates, India's rural FMCG market is thriving, with volumes growing at high single digits compared to low single digits in urban areas. We are well-positioned to capture this demand through our consumer and retail businesses. Ghodawat Consumer Limited (GCL) continues to invest in a rural-focused distribution strategy, while Ghodawat Retail Pvt Ltd (GRPL) is steadily expanding its rural footprint through Star Localmart stores. From tailoring product offerings to meet the unique needs of rural consumers to running localised marketing campaigns that truly resonate, both businesses are strategically placed to benefit from this shift in demand from urban to rural currently operate more than 125 Star Localmart stores. Our mission is to bring 'Modern Retail experience to' focusing purely on smaller towns and villages of India. We want to go to the bottom of the pyramid, which most of the current players are unlikely to look at for the next five to seven years. There are no organised supermarkets in such places. We know the challenges a shopper faces when she or he is living in a small want to capture that space completely in terms of retail availability and customer loyalty. With this our aim is to become India's largest rural retail chain, making quality groceries more accessible and affordable to everyone, and ultimately driving a positive change in the way rural communities shop for their essentials.I don't see it as an 'either—or' debate. E-commerce and physical retail stores serve different shopping missions. And I strongly believe that both channels can coexist and even complement each other. While e-commerce is easily accessible and provides a seamless shopping experience, retail stores offer personal interaction, immediate product availability, and a tactile experience that many consumers still than viewing e-commerce as a threat to traditional retail, I would consider it as an opportunity for growth and innovation. Retailers embracing technology and adapting to the changing behaviours of consumers will not only thrive but also successfully co-exist with we don't comment on specifics of our revenues and profits, we have set an ambitious target to grow fivefold as a group in the next five years. This will be fuelled by aggressive expansion across our key business verticals like aviation, FMCG, education, retail, and real estate. Star Air, our aviation arm, already flies to 26 airports with 11 aircraft, and our plan is to have a 50-aircraft fleet by both consumer and retail businesses, our plan is to achieve Rs 5,000 crore in top line in the next five years. We are dedicated to scaling our businesses while creating a meaningful impact on the communities we I mentioned, our ambition is to achieve fivefold growth over the next five years. And this growth will be driven both organically and inorganically. We are always looking for the right opportunity, and if it comes at the right price, we will pursue form an important part of India's economic backbone, and we work with several of them across our value chains—whether as suppliers, service providers, or channel partners. While we do not have a formal MSME-specific programme at this stage, our businesses naturally engage with and support MSMEs through procurement, local sourcing, and collaborative projects. For example, in our retail business, we have 50% national brands, 30% regional brands, and 20% local see strong potential to deepen this engagement in the future and are actively exploring ways to create more structured opportunities for MSME participation in our growth journey.
The Wire
19-06-2025
- Lifestyle
- The Wire
Beat the monsoon greys in style with India's first UPF resort-wear line by Meghna Ghodawat
• The soon-to-be-launched collection is the perfect antidote to the overcast skies with its unique prints and innovative colour combinations • The collection comprises kaftans, dresses and coord sets • It has been crafted using bamboo silk, a sustainable fabric with cooling and hypoallergenic properties that also offers protection against UV rays • It is the perfect blend of luxurious aesthetics, sustainability and functionality, carrying forward Ghodawat's legacy as a sustainable fashion advocate Mumbai, June 19 2025: For those looking to escape the season's torrential showers and grey skies with a tropical getaway, Meghna Ghodawat's soon-to-be-launched luxury resort-wear line offers the right blend of comfort, aesthetics and practicality. Named Classic Basics, the lightweight garments have been carefully designed by the luxury connoisseur and sustainability advocate bearing in mind the season's humidity as well as the often ignored UV rays, which can be more damaging and harsher in overcast conditions. Additionally, they emphasise Ghodawat's ideology of 'comfort meets style', with their bold prints, vibrant colour palette and surprising versatility, which allows them to be worn and re-worn in several ways. The maiden collection under the Classics Basics marquee comprises eye-catching and yet elegant kaftans, dresses and coord sets. Their design ranges from elegant and effortlessly chic to bold and playful, to ensure that there's something to suit all tastes. Crafted from bamboo silk—a high-functionality UPF fabric that offers an exceptionally high level of protection against UV rays, is soft to touch and feels luxurious against the skin—the collection is the first of its kind in India. The bamboo silk also has a cooling effect, which makes these garments especially relaxing to wear in the muggy monsoon months. In terms of their design, the collection is replete with striking prints that draw their inspiration from sources as diverse Mughal-Rajasthani paintings to classic animal prints, as well as bold geometric patterns and the artistic handiwork of a child's imagination. Speaking about the imminent launch of Classic Basics, Ghodawat shared: 'This collection stemmed from my own need to protect my sensitive skin against UV rays. At present, there is a sore lack of fashionable UPF clothing that provides extremely high levels of protection against the sun's harsh ultraviolet rays, without compromising on comfort or style. When designing this collection, I tried to keep in mind the city's overbearing monsoon conditions, as well as the needs of jet-setting vacationers. Accordingly, I've focused on flowy silhouettes that add to the air of relaxed and effortless elegance, with a few structured pieces that can easily be thrown on for an instant makeover.' Elaborating on the collection's sustainable quotient, Ghodawat explains that bamboo silk is derived from bamboo cellulose and is hence a more sustainable alternative to traditional silk. The fabric's sustainable nature can be attributed to bamboo's fast-growing and low-maintenance nature, as well as the carbon sequestration properties of bamboo plants. The fabric is also very versatile and durable, and has hypoallergenic and antibacterial traits, making it an ideal choice for those with sensitive skin. With the launch of this collection, Ghodawat is keen to make a splash in Mumbai's ever-evolving fashion landscape, building on her ethos of stylish and functional apparel. She is keen to continue experimenting with new prints, silhouettes, and innovative fabrics that enhance comfort while making a fashion statement. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
