Paithani Saree is the foremost and finest traditional
saree made from Pure Silk and precious metal thread (Gold & Silver) well known as zari. Paithani is weaved on primitive tapestry looms operated manually. It is thus completely hand woven textile.
1% of the total USAs population comprises of Indians, which gives a large market platform for Paithanis. Cultural influence. Huge demand for artistic handloom Products. To create huge foreign revenue. Market for Paithanies International market for paithanies- US & Canada. Owing to the demand for artistic handloom products & Huge buying potential. It is an intricate tapestry hand woven product that is not easily found in US or Canada.
Channel of Distribution Two types of channels are used for the Paithani Sarees:
1. Producer-Customer: For customers using internet mode. 2. Producer-Retailer-Customer: For customers using departmental stores.
Domestic environment of India Affecting export Cultural factors Affect the buying behavior Legal factors Organizational law Security law Tax law Political factors Economic system Government system Trade agreements Political stability Demographic factors Competitive environment Economic factors Economic system Market economics Global economics system
Domestic environment of USA Affecting Import Cultural factors Different Culture Legal factors Organizational law Security law Tax law Political factors Economic system Government system Trade agreements Political stability Demographic factors Competitive environment Economic factors Economic system Market economics Global economics system
4 Ps of Marketing Mix Product Paithani Sarees are for those with discerning and refined taste. The coloured jaris used in saree comprise 98 per cent pure silver threads bearing a thin coat of gold 200 to 350 gm of jari
Price Price range of the merchandise is from 2000Rs to 30000Rs Customized sarees are also made which might cost upto 20 lakhs MFN 25.9% + 0.291 $ per kg Sales tax changes in different states Merchandising processing fees additional duties and taxes Sales tax 4.5 to 21%
Place Paithani has a huge demand in Indian market But we also wish to enter some other markets US , Canada
Promotion Advertisement in Regional theatres Hoardings and banners etc Online promotion through portal
Mode of collection of payment Online payment: Eg- PayPal Cash on delivery
Competitive Strategy Transnational We have an international business structure where a companys global business activities are coordinated via cooperation and interdependence between our operational divisions and internationally located subsidiaries or retail outlets or individual customers.
Incoterms for Air Cargo Incoterms for Air Cargo DAP (Delivered At Place) DAP term is used for any type of shipments. The shipper/seller pays for carriage to the named place, except for costs related to import clearance, and assumes all risks prior to the point that the goods are ready for unloading by the buyer. DDP (Delivered Duty Paid) DDP term tend to be used in intermodal or courier-type shipments. Whereby, the shipper/seller is responsible for dealing with all the tasks involved in moving goods from the manufacturing plant to the buyer/consignee's door. It is the shipper/seller's responsibility to insure the goods and absorb all costs and risks including the payment of duty and fees. Exploration Finance: Net factors income from abroad will increase Maintain our GDP Marketing: Exposure of Indian art to untapped market Exploring new international marketing
Manufacturing and Production Proliferation of handcrafting
Human resource management recognition to weavers Increasing job will help to review
Cost and benefits analysis Profit margins obtained are 15-20%
ROI is around 10-20% more than we get in domestic market