“As we all can see, lives would not be the same after this pandemic so as the business would be affected at its core. It is important to analyze and understand the changes and act accordingly to mitigate the loss”- Ajay Gupta

For Indian exporters, building trust is essential. They need to live up to promises made. They need to deliver on time and deliver the promised quality. They shouldn’t make incorrect promises just to get more business. As we can look up to Bangladesh export business who has built trust and a good reputation. Despite a chequered past (low quality, human rights issues, etc) they have managed to overcome and are winning.

Likewise, as a result of an emotional and economic backlash against China internationally, there could be apprehension in doing business with them. Businesses with supply chains passing through China will need to keep this in mind and insulate themselves and build alternatives. In addition to it, India and Indian businesses need to try to become the contract manufacturer of the world, just like China is. India needs to make use of this opportunity smartly. All big wealth funds and sovereign funds will be awash with Liquidity. This liquidity needs to be attracted to India.In every sector, there are good and bad companies. Management has to invest correctly in manufacturing and modern tech, be honest and fair to all stakeholders, etc. Those companies with good management and displaying good behavior will come out victorious.

Talking about the Wholesale and retail industry, more people will prefer to buy from retail stores where there is a perception of safety (Eg. Sanitation, cleanliness, crowds, etc). They will move more towards malls away from markets. Many will move towards online stores. Wholesale suppliers also need to concentrate on such retailers.Restaurants, companies, and big brands are strategizing and attracting their customers by giving heavy discounts, buyback offers, and many other facilities to hold back their customers. People are nowadays more inclined to cheaper goods and pricing needs to be re-approached.

Looking at jewellery business, gold-as-an-asset could see appreciation but jewellery as a discretionary spend will take a hit.The Indian wedding industry will take a hit, as social distancing, cost consciousness, travel avoidance, etc., will prevent fat weddings, destination weddings, etc. This will hit all connected industries. (Example. Silk, partywear, etc).

“The current scenario of real estate requires government intervention and support. It is likely to see a decline in the price of flats and property”

Work From Home Scenario.

• It is possible for lot of employees to not visit the office and still be productive.
• In RBL corporate office, it is found that it is enough that only 30% staff stay in the office. Others can be connected from homes. This leads to lesser commute expense, stress of the commute, time wasted, etc.
• Parents can take care of children more effectively when WFH. There can be dark hours when no calls will be made, etc

Optimism

As per a McKinsey survey of entrepreneurs released few days ago, 53% of Indian entre-preneurs are optimistic, while only 25% of Japanese entrepreneurs are optimistic. It seems to be a mild U-Curve for the Indian economy. But the descent has not stopped yet.

General Outlook

• India seems to have supressed the curve so far. It looks like it might escape the worst of the pandemic, but will have to be cautious about it.

• Possibility of W Curve – i.e. There is a good chance of re-occurrence of the virus, which could see a possibility of regular lockdowns. Businesses need to plan accordingly.
• Capital will look for countries that are less battered. Western economies are badly bat-tered while countries like India, Indonesia, etc are not so battered. Global Capital could flow into India, if we can act efficiently to pull it.
• Emotional and Economic backlash against China is expected. Already, countries and companies are working on strategy to pivot away from China as part of their supply chains. Japan Govt has announced packages for it’s companies bringing back manufacturing home. Businesses need to keep this in mind and work accordingly.

#DontROAMstayHOME

On May 12, Prime Minister Narendra Modi called upon Indians to be “vocal for local”. The ultimate strategy in which we, as citizens and professionals, interpret the local will have far-reaching effects on the country’s well-being and prosperity.

No matter if one is leading a product or services firm, brand development is a crucial element of every company. Todays’ environment and strong competition demand strong brand persona to stand out from others. In order to form a clear-cut identity and trust in the market, it is important to invest and collaborate with right the right people and brands. Real estate has a close connection with people and what we do, leaves a strong imprint in people’s lives. Hence, we are looking forwards to create an environment and society where local brands and Indian talent is embraced as a priority.

Manglam group is always dedicated and determined to work with the alignment of government policies and we also understand the need to promote ‘vocal for local’ campaign initiated by Honourable Prime Minister. There is a need to look out for better and efficient Indian substitutes of goods and services to promote and strengthen nations’ economies. This is a tough time for all of us but it can be surpassed if we join our hands and vow to come together as a team and show our true potential.

Manglam Group and family are all up to serve our nation and stood up as a family.

Jai Hind!

The economy was in poor shape even before COVID 19. The govt has little leeway to provide large stimulus. The government earns about $60-70 billion a week from taxes. Imagine what a hit a 5-week lockdown will have. The size of the Indian economy is about $3 Trillion. In some scenarios, it is predicted that Govt could take a hit of nearly $1 Trillion. Inequality has already sharpened.

The gap between rich and poor has further increased. The government needs to concentrate on mass health and mass welfare. If not, 200 million people could sink into poverty. The government must explore printing currency (Quantitative easing), but there are limitations here. It has side effects like inflation, etc. Rich countries have more leeway for such quantitative easing .The government must concentrate on grabbing more capital from outside and do reforms to enable that.

Moreover, real estate in India is sitting on a huge inventory with a huge cost-of-carry as it is highly leveraged with low margins. Unsold inventory is considered as an appreciating asset, but might turn out to be a flawed view. The market was already overdue for a huge reset, which will be accelerated by the pandemic. In addition to this, the companies can consider to set their own smaller spaces for work and encourage WFH more among employees.

Looking at the financial markets, there will be value destruction and value creation in different companies in the same sector. High Debt low margin companies will find it difficult which indicates risky or unscrupulous management. However, high Debt high margin companies could be rewarded, but caution needs to be exercised. And companies with no debt are best rewarded now.

Considering the current situation of the forex market, the government should buy as much oil as possible, as this price may never be seen in the future of the oil industry again. Furthermore, as the western economies are more battered and the Indian economy is less battered so far, there is more liquidity coming in. That’s why there is a rally in the market. This scenario could change depending on the spread of the disease in India.

Manglam’s Kherwadi Industrial Park is located on Todi Daulatpura road near new transport Nagar, Sikar road in Jaipur. This 150 bigha township has plots for industrial use starting 1000 sq yards onwards. The inauguration of office of this project was held today & Manglam Group’s founder & Chairman Shri NK Gupta, Directors Shri Vinod Goyal, Shri Ram Babu Agarwal, Sales GM Mr. Prakash Agarwal & other dignitaries were present on this occasion.

The office of Manglam Aadhar was inaugurated by Manglam Group’s founder & chairman Shri N.K. Gupta. This scheme will benefit EWS/LIG community under Rajasthan Mukhyamantri Jan Awas Yojana (RMJAY). Respected Directors – Mr Vinod Goyal, Mr Rambabu Agarwal, Mr Ajay Gupta, Mr Sanjay Gupta, Mr Nitesh Agarwal & GM Sales & Marketing – Mr Prakash Agarwal along with Manglam Group’s staff were also present on this occasion. The office of Manglam Aadhar is located on 7th Floor of Apex mall, Lalkothi, Tonk Road, Jaipur. One can always visit Aadhar’s website by clicking here: http://aadhar.manglamgroup.com/

Tips to Improve Your Home Interior Design

Whether you’ve just moved or are looking for a quick, little home pick-me-up, or perhaps something more significant, there are some well-known interior design tricks that designers employ that you too can easily do with minimal effort and cost.  Sometimes the smallest things make the greatest impact. It could be the addition of a mirror, a painting, a lamp or even a plant. Maybe you want to soften your walls, brighten a room, or add some warmth to your living space.

Take a look at these design tips and see how they can inspire you!

1.      Pick paint colors according to the room:
Paint smaller rooms in softer, lighter colors to help make the room feel larger. The living room is a great example of how to maximize a small living space. A room of this size has the tendency to seem cramped, but the large windows, light colored walls and ample use of mirrors not only reflect the natural light pouring in from the doors and the windows but the use of mirrors also gives the optical illusion of space, making the room seem larger than it actually is. Conversely, darker colors will make a room feel smaller. Even with the abundance of natural light and the strategic placement of the mirrors.

2.      Use decorative mirrors:
Decorative mirrors add instant light to your living space. Mirrors can also be used to make a small space feel larger. For larger rooms, or any room with a more limited amount of natural light, mirrors placed directly across from the windows, will add instant light. Decorative mirrors can also be used in lieu of art to fill empty wall space. Large or small, mirrors add light and dimension to your living space.

3.      Mix up patterns and textures:
Blend it up. Mix up patterns and textures. Mix up old and new, expensive and inexpensive. There’s nothing wrong with placing family heirlooms alongside your modern couch. The most important aspect to decorating your home is that it reflects who you are, your personality and your style. With fabrics whether it be furniture, rugs or pillows, varied colors and patterns can bring warmth and texture into your living space.

4.      Slip-up into something a little more comfortable:
Slip covers often get a bad rap but they are truly wonderful things. They can serve as a means of changing your furniture’s look to reflect the seasons. These easily removed coverings allow you to have a sophisticated look without constantly worrying about people dirtying or spilling on your furniture. Slip covers are ideal for rooms used frequently by children. Above the white slip-covered couches gives the air of a casual, comfortable, easy yet sophisticated elegance.
5.      Bamboo baskets: Bamboo baskets are an economical plus elegant way to add storage to any room. Baskets can be used to store and display books, architectural and decor magazines, toys, towels and blankets to name a few. Place a couple of small bamboo baskets on the counter-tops in your kitchen to beautifully display and store your fruit and vegetables.

6. Use what you already have to decorate:
We all have items in our possession, probably packed up in boxes somewhere and haven’t given them a second glance. Your home needs some accessories. Instead of running to the store, take a good look at what you already have. Trays, wooden, acrylic, metal or silver can be placed on top of luggage racks, tea carts, trunks, bedside tables and coffee tables for extra texture and dimension. Arrange candles on them, frames or pile books on top of them. Plates can be hung to create wonderful wall art. Art from children’s books can be framed and hung in nurseries, children’s rooms or their bathrooms. You will be amazed at what you can do with what you already have!
7.       Pot holder for your kitchen:
Kitchens are meant to be warm and inviting. We spend much of our time in them whether it be for preparing meals, serving meals or entertaining. A hanging pot rack is useful elegance. Kitchens are meant to feel as though they are in constant use and a hanging pot rack certainly makes one feel this way. Additionally different styles cupboard space below is now freed up to store other items.

8.      Go green:
Add plants to your living space. Add them to every room, small or large, few or many. Plants are an inexpensive means to accessorizing your space and adding color and texture. Not only are plants beautiful but many can clean household air and balance humidity. They can absorb pollutants and remove harmful gases from the air. No home should be without these wonderful greens!

9.      Amazing bookcase:
Paint or wallpaper your bookcase, this instant pop of color will brighten and re-energize any room! It’s amazing how something as simple as a coat of colorful paint can instantly energize and transform your space. This built-in bookcase would be simple and ordinary without the bright blue interior. Perhaps the simplest and most inexpensive way to transform a boring space is to apply a coat of paint somewhere unexpected. Bookcases are an ideal place to start because you don’t need to paint a large area. Other fun places to add a pop of color include painting fireplace mantels, the insides of closets, hallways and ceilings.

10.  Mats and rugs:
Rugs can add great texture, color and personality to your living space. Hardwood floors are beautiful and easy to maintain but they cannot give that comfort which carpeted floors offer, especially in the chiller months. Area rugs can add fun and functionality to your living space. Use several of varying patterns and fabrics together to showcase your character. Change your area rugs to reflect the seasons.
Go with something that makes you smile and, above all, is comfortable. Overly designed rooms don’t really translate in modern life. A pillow collection and an art arrangement that are apparently chaotic, create a dressed-down look with plenty of style.