Apparel Online India Magazine July 1st Issue 2018 | Page 37

INDIA CANVAS Moving forward, the company has plans to go for a window space for B2B customers in Dubai or such other places, so that while travelling buyers can see and get the feel of ITC products. “There is a very captive audience available in Dubai where the product can be marketed. It will enhance our presence and will connect us with more buyers,” he adds. Further, Zahir is engaging an American consultant, as this US-based consultant will be more apt at spreading positive buzz about the company in his sustainable network and will ultimately benefit the business. Products’ focus… Sweaters are the core product for the company, sold to 22 regular (mix batch) buyers with a major market share in Europe and US. Tees were started recently for which ITC has two customers who have booked total capacities of tees. Now the focus is on buyers who can add value. The company has also started streamlining product cost to fit into the high-end. At one point of time, the company was doing a product with cost ranging between US $ 5-6, which has gone up to US $ 9 but the target is to create garments which can be sold at US $ 60 or 60 Euros. Once the factory’s infrastructure gets complete, Zahir intends to approach high-end customers like Hugo Boss, Ralph Lauren, Ted Baker, etc. as they understand the value of such infrastructure. “Many of the exporters may be doing luxury apparels, but some are working in sweaters also. We want to cater to the luxury market, which has no season and is also recession-free. We need to do a product which has high margin, high value and is prepared in high-tech infrastructure,” avers Zahir. Zahir is of the strong opinion that every buyer wants to associate with a factory that requires minimum time and resources to groom. “My past experience of working in Europe makes it easy for me to work with a brand like Hermes The company is in the process to build a vertical garden, avoiding direct heat from the sun and reducing temperature by at least 4 to 8 degrees; besides the company is also investing on air-conditioners The company is also focusing on training its workers as well as mid-level professionals, which includes exchanging training programs with other companies. In association with Aditya Birla Fashion and Retail Ltd. (ABFRL), Ace Education is one such program that it has started. “My job is also to train all the teams right from design, sourcing, cost management, marketing, etc.,” says Zahir. Further, the company is also in process to be a part of Skill Development Program. because I know the end customer. Today, the brands need to link the end customer with the source (factory), and the source needs to have a value proposition. Such high- end customers would not like to pay 1,200 Euros for a sweater made in Bangladesh. They will prefer to buy a product made in Mongolia or China. India has a gap, as there is not even a single factory doing this business. So my thrust is to fill this gap first,” says Zahir. The company’s private label GOAT offers products with comfort and durability, at an affordable price. Currently, these are available online and growing through distributor channels. “We are looking to reassign distributor segment as many people don’t understand legacy in the market. They always associate business with money but we believe that once a customer buys our product, he will come again to buy. Distributors have to understand that end customer is aware and needs value for money,” adds Zahir. Moving forward, ITC wants to create a direct link with the end customers, eliminating all middlemen, by setting up kiosks (small shop) and vending machines to sell basic tees. The quick delivery concept is another The factory has 100% LED lights on the entire floor, which ensures appropriate lighting at every corner. There is also a water harvesting tank available in the factory www.apparelresources.com | JULY 1-15, 2018 | Apparel Online India 37