Skip to main content

Reliance Retail’s 'Vocal for Local' Mission Expands to 30,000 Artisans And Over 40,000 Artisanal Products

 


Aiming to boost the income of local artisans under 'Vocal for Local' mission, Reliance Retail Ltd showcased more than 40,000 artisan-crafted products from over 50 GI clusters to its customers this festive season.

The firm said under its three-year old flagship initiatives - “Indie by AJIO” and “Swadesh”, it now engages with more than 30,000 craftsmen, representing over 600 art forms across a wide spectrum of clothing, textiles, handicrafts, and handmade natural goods.

"We are delighted that our development efforts over the last few years are now bearing strong results both in our ability to engage with an increasing number of craftsmen as well as our ability to co-create and co-curate products that are being increasingly accepted by today’s consumers," Reliance Fashion & Lifestyle President Akhilesh Prasad said.

Reliance Retail also said its success in bringing such a huge repertoire of traditional handcrafted products to its modern retail formats is also an indication of the existence of demand for such products, as long as consumers’ expectations of quality, style, and convenience of modern retail buying can be met.

The fashion and lifestyle arm of Reliance said its 'Indie range' (Indie by AJIO) is sourced from over 50 GI crafts clusters from across Indian states - including Gujarat, Rajasthan, Uttar Pradesh, Madhya Pradesh, Bihar, Odisha, Bihar, Jharkhand, Telangana, Andhra Pradesh and West Bengal.

With this geographical indication tag, natural produce, handicrafts, or manufactured goods are identified native to a territory, region, or locality for their unique characteristics.

"The diversity of sourcing from across the length and breadth of India has resulted not only in the creation of a stunning portfolio that is every handcraft connoisseur’s dream, but also in the direct employment for over 30,000 skilled artisans across the country. We will continue to grow this segment with time," Akhilesh Prasad said.

Reliance Retail's other brand 'Swadesh' has an MoU with the Ministry of Textiles which enables the sourcing of 100 percent authentically crafted products, directly from artisan communities. This brand is available across multiple formats including AJIO and Trends, while it also offers over 400 types of handmade textiles, handicrafts, and agricultural products that are listed with GI tags.

Reliance Retail Ltd is a subsidiary of Reliance Retail Ventures Ltd (RRVL), which is a subsidiary of Reliance Industries Ltd and is the holding company of all the retail companies under the RIL Group.

RRVL reported a consolidated turnover of Rs 1,62,936 crore ($21.7 billion) and net profit of Rs 5,448 crore ($ 726.4 million) for the year ended March 31, 2020.

Sandip Ginodia , CEO

ALTIUS INVESTECH PVT LTD

We deal in over 60 unlisted companies with 15 years of experience 

For latest prices visit : www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .

Email : ginodiasandip1@gmail.com


Comments

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res

Stock broker SMC Global files for IPO

F inancial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each. The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc. As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said. SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012. "The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to p