Pakistani stores eye Indian markets

April 23, 2012
Pakistani
New Delhi, April 23: From running a single franchise store for 12 years in Delhi to planning to open 200 more across Mumbai, Delhi and smaller cities, Pakistan's largest fashion retail chain Sefam is the stuff businesses dream of.

After a successful showing at the first-ever Lifestyle Pakistan exhibition in Delhi, Sefam said the demand for Pakistani couture in India is too huge to be met through the one store they have in India.

The retail chain with eight brands including Barezee, is first planning a flagship store in Delhi , and also scouting for partners, said Zain Aziz, Sefam's head of international business.

They are one of several Pakistan lifestyle businesses ambitious about expansion plans in India following the huge response to the April exhibition.

Over 100 Pakistani lifestyle companies showcased their products and services in Delhi from April 12 to 15. The companies were from a wide range of segments , including textiles, couture and pret wear, designer furniture , leather accessories, food products, marble ornaments and handicrafts.

The exhibition has spurred 36-year-old designer Asim Jofa to plan exclusive outlets in India. Jofa has been selling in India through a distributor for the last three years, but is now eager to have his own stores. "I can't wait to start my own stores in India. It would be brilliant if we could trade with each other. After the wonderful response at the exhibition , I feel more than at home now," said Jofa.

Kashif, group CEO of leading Pakistani retail brand Chen One, which specializes in lawn prints and dresses, pret dresses and home textiles, said he is encouraged by the significant sales and bulk enquiries in Delhi. The retail chain is also looking to setting up stores across India once trade norms ease.

"Up until now, trade between the two countries has been indirect . But now we don't want that. It will be a win-win situation for both countries if we could increase trade," Kashif said. The brand is all set to come back for an exhibition in Mumbai to be held after two months, which will enable it to look for local partners. "We are looking for a joint venture here. We are very keen to work with India," he added.

With huge demand for Pakistani muslin and lawn dresses, Pakistani retailers said India could figure as their largest market after the US and UK if trading were to be opened up.

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News Network
March 6,2020

Mumbai, Mar 6: A Rolls Royce car, paintings of famous artists M F Hussain and Amrita Sher-Gil, designer handbags and other luxury items belonging to fugitive diamond jeweller Nirav Modi garnered over Rs 51 crore in the second auction conducted on Thursday.

As many as 40 items went under the hammer on Thursday, which marks the completion of auction of assets seized by the Enforcement Directorate.

The auction was conducted by Saffronart on behalf of the deputy director, Enforcement Directorate, and was expected to garner a minimum of Rs 40 crore in proceeds.

A collection of 112 prized assets of Modi were put up for live and online auctions from March 3 to 5, which included major artworks by contemporary and modern Indian artists, designer handbags, luxury watches and cars.

While the online auction on March 3-4 garnered Rs 2.04 crore against the expected proceeds of Rs 52 lakh, the live auction on Thursday garnered Rs 51.41 crore more.

These assets, seized by the ED, were put on auction in an attempt to recover a part of the dues Modi owes to various banks.

According to officials from Saffronart, the ED would get Rs 53.45 crore from the proceeds of these two auctions.

The lots that went under the hammer included legendary painter MF Hussain's painting of 'Battle of Ganga and Jamuna- Mahabharata 12' which went for a record 12 crore, the highest price received so far for the painter's work.

Amrita Sher-Gil's rare 1935 painting 'Boys with Lemons', which was auctioned for the first time, sold for Rs 15.7 crore ($2.24 million).

V S Gaitonde's tranquil 1972 painting was sold for Rs 9.52 crore while Manjit Bawa's Untitled 1992 sold for Rs 6.16 crore. Modi's Rolls Royce Ghost witnessed a high demand, selling for twice its estimate at Rs 1.68 crore ($240,000).

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News Network
June 27,2020

New Delhi, Jun 27: India on Saturday crossed 5 lakh-mark with record highest spike of 18,552 cases of coronavirus reported in the country in the past 24 hours.

India has added more than 3.18 lakh COVID-19 cases since June 1.

According to the Union Ministry of Health and Family Welfare, this was the highest single-day spike of COVID-19 positive cases. Also, with 384 fatalities in the past 24 hours, the total deaths inched closer to the 16000 mark.

With this, the total number of active cases are 1,97,387 while a total of 2,95,880 people have been cured or discharged from hospitals. The death toll stands at 15685 with one person migrated outside India, according to the health ministry update at 8 am today.

Maharashtra continues to top the countrywide list with a total number of COVID-19 positive cases at 1,52,765.

Delhi has so far reported 77,240 confirmed cases while Tamil Nadu has reported 74622 cases till now, as per the MoHFW. Delhi, Mumbai and Chennai are the worst-hit cities in the country

According to the Indian Council of Medical Research (ICMR), the total number of samples tested up to June 26 is 79,96,707; the number of samples tested on June 26, Friday stands at 2,20,479.

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News Network
May 29,2020

New Delhi, May 29: In a powerful display of inter community solidarity, a team of Sikh volunteers visited Delhi's Jama Masjid and sanitized the 17th century monument.

As the national capital battled coronavirus, the historic Jama Masjid is closed for congregational prayers. However, the team of Sikh volunteers effectively sanitized the monument to ensure it is safe for the caretakers and visitors.

The volunteers affiliated with United Sikhs organization also met Naib Shahi Imam of Jama Masjid Syed Shaban Bukhari during the visit. The latter thanked the team for the humanitarian gesture and underlined the need for all sections of humanity to unite in the face of this crisis.

"The Sikh community has always displayed exemplary commitment to humanity and we are thankful to the United Sikhs' team for their initiative. This enormous crisis facing the human race can be fought off only if all communities, nations and people unite and fight it together. In recent weeks we have seen heart wrenching images of misery in the country as thousands of migrant workers return to their villages. At the same time we have also seen positive stories of different people uniting to help and feed them. We hope that together we will overcome this crisis," said Syed Shaban Bukhari, Naib Shahi Imam, Jama Masjid, Delhi.

Shaban Bukhari has also advised Muslims across the country to strictly avoid congregational prayers this Eid and pray at homes. He is young leader, who really believes in secularism. For him, humanity and kindness come first.

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