New Delhi: Do you collect luxury leather, suede or satin shoes or are you a big sneakerhead? Shelves at luxury shoe boutiques across India may turn sparse in the coming weeks as India’s mandatory licensing regulations that kicked in August are increasing costs and delaying stock arrivals. Annual sales of luxury shoes range between 20,000 to 50,000 pairs or even …
New Delhi: The Department for Promotion of Industry and Internal Trade has entered into a two-year partnership with social gaming platform WinZO to boost India’s position in the global gaming market, a senior commerce ministry official said on Tuesday. This collaboration aims to nurture over 2,000 startups, innovators, and students in the interactive entertainment space through mentorship, workshops, accelerator programmes, …
The Department for Promotion of Industry and Internal Trade has turned to the National Council of Applied Economic Research, a think tank, to help assess logistics costs for 2023-24. The Centre aim to cut logistics costs that ranged from 7.8%-8.9% of gross domestic product in 2021-22, as per an official statement released by commerce ministry on Friday. In the statement, …
