Sector Archives - GUJRAT INDIA

Business Opportunities in the Travel and Tourism Sector

Are you bored of your current job and want to start a business, but are unable to figure out the most beneficial business opportunity? If your answer is ‘YES’ and you want a flexible work environment, the comfort of working at home, as well as flexible working hours; this article is going to help you. The article discusses the best business opportunity in the travel and tourism sector. Travel and tourism is among the world’s largest industry, and it is growing every day. Almost everyone is interested in travel. Who doesn’t love traveling to new places and exploring the natural beauty and adventure offered by the hottest tourist spots around the world? Opportunities are endless for tour operators and other companies within travel and tourism!

Business Opportunities in the Travel Industry

The travel industry offers numerous business opportunities for people interested in being their own boss. It offers an equal opportunity to start a home based businesses without the cost of a conventional office. You can start your own travel agency with minimal investment. Then you are on your way to becoming an excellent travel guide.

There are also possibilities in the online world. You can start your own online business in tour and travel by becoming an online affiliate of world famous tour and travel operators. People with an interest in photography and travel journalism can try writing travel blogs and publishing photo blogs along with other online and offline travel based businesses. Travel publishing also offers great opportunities for you and your franchise based business.

What People Need to Start Travel Based Business

The travel and tourism industry undoubtedly offers many wonderful business opportunities. However, in order to be successful in the travel business, people need to have certain skills and interests. The most basic trait is a natural interest in tourism along with the salesmanship and the drive to start a business in the travel & tourism sector. In addition, one also needs to have competitive and entrepreneurial spirit to excel in the travel business.

Indian Powerloom Sector With Special Focus On Powerloom Cluster

Overview of the Indian Power Loom Sector:

India manufactures 5% of cloth through organized sector, 20% through Handloom sector, 15% through knitting sector and 60% of Indian cloth is produced through decentralized power loom sector.

The decentralized powerloom sector is the lifeline of Indian Textile Industry. India is having approximately 19.42 lakhs of powerlooms weaving almost 19,000 million meters of fabric, and provides employment to more than 7 million workers. The industry now produces wide range of fabrics ranging from grey, printed fabric, dyed fabric, cotton fabric, various mix of cotton, synthetic, and other fibres. The country exports Rs. 44,000 million worth of goods to countries like U.S.A., France, Germany, Bangladesh, Hong Kong, Italy etc.

Although the growth of power loom industry was slow initially; it has started gearing up now. Number of shuttle less looms has augmented to almost 50,000 and from this about 35,000 looms are working in the decentralized sector.

Most of the Power loom units are concentrated in semi urban, or rural area. Among all; Maharashtra has highest number of powerlooms amounting to approximately 8 lakhs of powerloom, Tamilnadu is second with 5 lakh units, and Gujarat ranks third with 4to4.5 lakh worth of power looms.

Powerloom sector of Bhiwandi:

Bhiwandi, known for its powerlooms is situated at about 30 kilometers away from Mumbai in Maharashtra state. Bhiwandi is a key textile center of western India.

Bhiwandi has approximately 6 lakhs powerlooms, which is 33% of countrys total powerlooms. Turnover of this segment is projected to be around Rs. 10,000 Crore annually. With approximately 1.6 lakh customers this industry is spread across 700 sq. km of area. Bhiwandis powerlooms support family of about 15 lakh workers; most of them being migrants from Uttar Pradesh and Bihar. Nearly 40 % of the national production from the powerloom sector is contributed by this township.

Indian Pharmaceutical Sector And The Stunning Growth Rate!

As per the recent study by the industry body, ASSOCHAM, it is estimated that the domestic generic market is likely to reach USD 27.9 billion from current position of USD 13.1 billion. It further added that the current compound annual growth rate (CAGR) recorded at 16.3%, which is the due to the approval by The Food and Drug Administration (USFDA) makers. The market is estimated to witness an 85% share in the domestic pharma market by 2020.

The Growth of Domestic Pharmaceutical Market

The domestic pharmaceutical market which stood at USD 15.4 billion in 2014 is expected to expand at a CAGR of 13.3% to USD 32.7 billion by 2020. With this, India is likely to figure among the top three pharmaceutical markets by incremental growth and 6th largest market globally in absolute size.

Who Are The Major Exports Markets?

The key exports markets for the nation’s pharmaceutical products are listed below, take a look-

· America

· Europe

· China

· Japan

· Africa

As a matter of fact, India is the third highest exporter of drugs to the US market. The reason behind is the large number of approvals from the USFDA.

Things Which Needs Attention

· Quality Control

· Formulation of Robust Supply Chain Network

· Support to other states

· Implementation of Modern Technology

· Development of High End Infrastructure

Employment Opportunities Abound

Job prospects are wide and far reaching. The sector offers diverse range of career options to an individual who wants to pursue a career in this sector. Given the pace of growth and development in this sector, pharma jobs are likely to rise in the coming years. There would be ample opportunities for the candidates seeking jobs into the following-

· Sales promotion

· Marketing and consulting services

· Retail/wholesale distribution

· Product management

· Data management

· Public Relations

· Research and development

· Quality assurance and testing

· Manufacturing

The Indian market for drug manufactures is in full swing, much accredited to the ever rising population, growing economy and an increasing demand of western medicines. Along with the burgeoning pharma sector, jobs within the industry are also increasing at a rapid pace.

Job Seekers Watch out for Indian Pharma Expo 2015!

The Indian Pharma Expo is going to be held on 24th and 25th October, 2015 at Pragati Maidan, New Delhi. It will present the latest trends and technologies in pharmaceuticals, drugs and formulations. It is a golden opportunity for the job seekers as well as the businesses as they have direct access to high-profile senior pharma executives, buyers, and contract manufacturers and so on.