Many countries in the world have realized the positive impact of foreign direct investment (FDI) on development, and India is not an exception.

The Indian government discusses the possibility of opening the multi-brand retail sector to foreign direct investment. If the decision to allow 51% foreign share in the retail sector is taken into effect, the country will likely attract $ 2.5 – 3 billion during the next 5 years. Union Cabinet Minister, Anand Sharma, who is in charge of commerce, industry and textiles in India, provided the list of benefits, and the positive impact of foreign direct investment on the country’s retail sector and fashion and design industry.

India has a low productivity of food grains and has an inefficient system of distribution. The impact of an FDI in organized retail will increase the productivity and efficiency of distribution.

Secondly, if to take into account the existing imperfections of Indian retail production and distribution systems, it is likely that the prices on retail products and food will keep on increasing. That will influence the level of wages and consumer expectations and therefore will turn into an inflationary process that is negative for Indian economy. For its part, the impact of FDI can be balancing and prevent the economy from inflation in order to maintain trust and to come up to expectations of various stakeholders “without putting undue disproportionate pressure on the growth momentum” said RBI deputy governor, Subir Gokar, during the Government discussion. Since FDI will lead to the improvement of production and distribution of goods that are more consumed in the country, the prices on them will stay low.

Moreover, the fashion and textile retail sector will be positively affected by the increase of FDI scale.

The world-known luxury fashion brands like Gucci, Louis Vuitton, Jimmy Choo that will be allowed to the Indian market can bring new opportunities to the luxury market. Consumers will have better shopping choice; moreover, plenty of opportunities can be opened for young Indian fashion and textiles designers. Indian design will get credibility in the world fashion society.

According to the officials, Swedish furniture producer, IKEA, plans to invest 1.5 billion euros in the Indian retail sector to set up 25 stores. The company has already launched a partnership with India’s Handicrafts Department to help to develop the design industry and to build capacity for Indian handicrafts-men and carpet weavers. There are plans to develop next generation training program for Indian exporters to guarantee that they follow the best worldwide practices related to labor legislation that forbids child and forced labor. Therefore, it is apparent that the positive impact of foreign direct investment  is in creation of opportunities for the development and invigoration of the Indian retail sector.

Image Courtesy : Paul prescott / Shutterstock.com

The article The Impact of Foreign Direct Investment on Indian Retail appeared first on The Toonari Post - News, Powered by the People!.

Look no further for the next artistic designer of world famous couture brand, Christian Dior. On April 9^th, Raf Simons was announced to become the man behind the internationally popular label, after the position had been left unfilled for over a year.

Former head designer of the label John Galliano was fired from the position after publicly making racist comments during an argument, in which he made anti-Semitic remarks at a Parisian bar in February 2011. In September 2011, he was found guilty on the grounds of racist and anti-Semitic abuse, and was charged with a fine.

Simons landed the position this past week, after front-runner and world-renowned Marc Jacobs turned the opportunity down. Jacobs is also the current designer director for Louis Vuitton.

Between the time that Galliano was fired and Simons was hired, the Dior empire was overseen by Galliano’s former assistant, Bill Gayteen. Gayteen made his final debut with Dior at the company’s 2012 spring collection launch. Fortunately for the international label, the past year has not tarnished the name Christian Dior has made for itself, nor has the empire been financially impacted in a negative way.

Sidney Toledano, President and CEO of Christian Dior, is looking forward to seeing what Simons will bring to Dior.

“I always said that the right person would come along when all the stars aligned and that’s exactly what happened last week. “[Raf] has already begun to lay out his vision for where he can take Dior in the future and I think we are all very excited by that vision.”

One concern for the choice in appointing Simon’s is his difference in his fashion sense compared to that of Galliano. Galliano was known for eccentric and flamboyant creations, where Simons is known for his simplicity in his designs. But Simons doesn’t seem concerned.

“I feel fantastic. It is one of the ultimate challenges, and a dream to go to a place like Dior, which stands for absolute elegance, incredible femininity and utter luxury.”

Simons, who is now 44, started in the fashion industry in 1995, specializing in men’s wear. In Dior, he “will be in charge of haute couture, women’s ready-to-wear and accessories, starting with the couture show in July, while keeping his eponymous men’s line. Simons comes from a modest family and is the only child, growing up in the Flemish town of Neerpelt.

His father was a night security guard and his mother was a house cleaner. Perhaps, this is where Simons appreciation of simplicity comes in? Despite his simple designs and childhood, Simons plans on modernizing the Dior couture line, which Simons claims, he has a lot of appreciation for.

Christian Dior was founded by Mr. Dior himself, as the man brought “femininity to the postwar 1950s, building the tiny waists and sweeping skirts of his voluptuous “flower women” on his obsession with the Edwardian elegance of his early memories of his mother. Mr. Dior passed away suddenly in 1957, only ten years after he created what would now become known as one of the most desired labels of this time period.

While adding his own flare of fine tailoring and linear style to the elegance of the couture line of Dior, it is important to Simons to keep Mr. Dior’s original vision alive.

“I find that period between 1947 and 1957 extremely attractive, and there was a lot of modernity. There was the romantic appeal looking back to his mother and the belle époque, but there was also a constant evolution in shape, changing proportions and the ideas connected to the World War were revolutionary.”

Simons also adds, “in the art world there are collectors, curators and an audience, and they are all important. I am fascinated with what could be the relevance of the language of couture in the 21st century.” And we are fascinated with what Simons’ plans are for the future of the couture and elegance of Christian Dior.

The article With Newly Appointed Raf Simons, What’s Next for ‘Christian Dior?’ appeared first on The Toonari Post - News, Powered by the People!.

Love designer handbags but can’t afford to burn that big of a hole in your pocket every time a new line is released?

For all of those that answered yes to this question should immediately visit bagborroworsteal.com! The website where you can have that dream handbag (or even piece of jewelry) at a small fraction of the price for a limited time, or just until the newest must have bag is released.

A Louis Vuitton bag that, at retail price, will cost you over $3,000 can now be yours at only $94 for one week (or $275 for the month)! This is only the beginning of the savings you can get as long as you can return the bag in the perfect condition you received it in.

To go along with that new top-of-the-line handbag you can add a pair of Marc Jacobs sunglasses that normally, would cost you hundreds of dollars will now only cost $15 for the week (only $45 for the month!).

If you want to live the unrealistic life of a movie star or a billionaire you can spend about $300 to have a white gold diamond cuff for one week that at retail price would cost you over $72,000…! Who ever has that kind of money to spend on one bracelet (and actually can comfortably wear something that expensive) is a very impressive individual.  But at $300 you could be that person for the week, or just for one really special event!

If you’re like the majority of the rest of the female population and you absolutely love Carrie Bradshaw and her crew in the hit HBO television series Sex and the City then you will adore this feature. You can rent practically anything you’ve seen any of the city girls strutting with down 5th Avenue Manhattan! Simply click the ‘Hot Picks’ category and then Sex and the City, you can even pick which character you like the most! You can finally live the dream life of these so adored women, even if only for a week!

It’s easy enough to buy the knock-off designer items while walking down the streets in New York City, or practically any major city in the United States. But why not be able to carry around the real $3,000 Louis Vuitton handbag that will be a serious conversation starter at such an affordable price?!

Once you start renting, you’ll never go back!

The article Rent-a-Bag appeared first on The Toonari Post - News, Powered by the People!.