AMIT.SHANBAUG@timesgroup.com

The Reserve Bank of India in its recent pro-jections has shown a positive trend in thesubsequent quarters with the growth rate

pegged at 6.4% in Q2, 7.1% in Q3 in and 7.7%in Q4, respectively. The growth is likely to beaugmenting over the medium to long-term byimproving the business environment, enhancingtransparency and increasing formalisation of theeconomy. With such factors, it can be impliedthat India is truly rising.

According to the WorldBank's Global EconomicProspects, improving com-petitiveness has helped Indiabecome the world's fourthfastest growing economy in2017. Clearly laid down poli-cies in key areas like infra-structure, sanitation, ruraland urban housing, digitisa-tion, foreign investments,banking and finance, taxa-tion, education, defence, etc.are now showing good re-sults. Fast track decision-making supported by effi-cient public spending is prov-ing to be the key for India's

rapid rising on global circuits.India has achieved 87 re-forms in 21 sectors, so far.

In infrastructure sector, In-dia is planning to completework worth Rs 25 lakh crorein five years. Further, 80,000kms of rural roads have beenlaid and the target of 40 kmsof road construction per dayis being planned to boostroad infrastructure. Electricityoutput rose to a 16-monthhigh of 10.3% in August. Onthe revenues front, the directtax revenue collections as ondate in FY 2017-18 rose toRs. 3.7 lakh crore with a

growth of 15.7 per cent witha significant increase in thenumber of taxpayers. Whilethe impact of Swachh BharatAbhiyan is visible, rural sani-

CONSUMER CONNECT INITIATIVE

tation has achieved dramaticresults. In rural India, thenumber of households with-out toilets has come downto 32.5 per cent (from 69per cent) and in urban areas,the number is 14.5 per cent(down from 18 per cent).

Further, the central govern-ment’ s ambitious plan ofbuilding homes for all by2022 is set to stir economicrevolution worth $ 1.3 tril-lion, creating 60 million newhouses and over 2 millionjobs annually. Ajay Nair, COOof a Mumbai-based urbanrealty company informs that

the central government's vi-sion to provide housing forall will bring unprivilegedpopulace under housing cov-er in urban and rural India."The government has alreadyapproved 1.88 million urbanhouses and the pace is in-creasing. With formalisationof the real estate sector andthe RERA coming in, the or-ganised developers will helpurban realty sector usher in-to a new era where efficienthomes will be provided atreasonable prices to homebuyers," says Nair.

India's start-up revolutionis at its peak witnessing aspark of entrepreneurship,especially among Indianyouths. With this, new inno-vations, improved productsand services and employ-ment scalability are becom-ing a norm for a new India.Interestingly, many start-upsare socially uplifting peopleimproving their living stan-dards ensuring develop-ments from bottom of thepyramid. According theMeenakshi Gupta Jain, CEOof a leading company, un-less the bottom of the eco-nomic pyramid is takenalong, it will pull down any-one attempting to rise. "To-day there is lot of focus on

meeting aspirations of thebottom of the pyramid. Thetime is also ripe for socialentrepreneurs, as an eco-system is developing to support them with accelera-tors and funds willing to in-vest in them," she explains.

Interestingly, the growthand scalability in the sec-tors like BFSI, Retail,Healthcare, Logistics andEducation, etc. is giving riseto the prospects of manysupportive industries. Forinstance, technology-drivensurveillance industry is rap-idly growing due to in-crease in IP infrastructureand demand for remote ac-cess. Thus, India's video -surveillance market is set togrow at a CAGR of over 13per cent from 2016 to2022. Sunil Udupa, manag-ing director of another lead-ing company explains thatIndia rising has witnessedmature markets moving forward and technology enabling growth sectorssuch as BSFI, Retail, Ware-house, Logistics and otherservice sectors like hospital-ity, educational institutes.India's competitiveness issupported and reinforcedby steady progress witheconomic reforms.

ON THE FAST TRACKThe union government's focus on structural reforms is expected to change India's future

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10�THE ECONOMIC TIMES | MUMBAI | FRIDAY | 27 OCTOBER 2017Companies: Pursuit of Profit

Shambhavi.Anand@timesgroup.com

New Delhi: Ecommerce firm Pa-ytm Mall has told its sellers not touse services of Snapdeal-ownedecommerce management firmUnicommerce eSolutions andwarned that any breach in this co-uld result in either termination ofcontract or legal action for in-fringement of its legal rights.

The Noida-based firm has allegedunauthorised usage of Paytm’s tra-de name by Unicommerce and thatthe latter wrongly told sellers thatit has an integration with Paytm.

“Paytm Ecommerce is not in anytype of agreement of integrationof our Paytm Seller Panel nor hasauthorised any third party/enti-ty, including the UnicommerceeSolutions, which is now Snapde-

al, to facilitate any inventory ororder management for Paytm sel-lers,” the firm said in an email tosellers on its platform.

It warned of “severe action, inclu-ding termination of the contractand other legal action for infringe-ment of our legal rights to claimdamages, etc., and criminal action

as per law” in case vendors were fo-und in breach of confidentiality orterms of ‘marketplace agreement’.

Unicommerce provides techno-logy that links digital marketpla-ces and merchants and is widelyused by sellers across online mar-ketplaces such as Amazon, Flip-kart and Snapdeal.

A Paytm Mall spokesperson saidin response to a petition previous-ly filed by One97 Communica-tions, Unicommerce had categori-cally stated before the court “thatthey have stopped using trademark/logo of Paytm on their web-site and that they will not use it infuture as well”. “However, in a re-cent announcement on their web-site, Unicommerce has not onlyused trade name ‘Paytm’ but hasalso spread misleading messageto sellers that it has an integrationwith Paytm,” he said.

Paytm Mall Warns Sellers againstUsing Services of Unicommerce

THE ALLEGATIONS

Noida-based co has alle-ged unauthorised usageof Paytm’s trade nameby Snapdeal-ownedfirm & the latter wrong-ly told sellers it has anintegration with Paytm

Gaurav.Laghate@timesgroup.com

Mumbai: The chopper, or the mo-dified bike, started as a trend in Ca-lifornia in the 1950s. In India, whilesmall bike garages have startedmodifying motorcycles to meet thedemand for fancy machines, it isfor the first time that an Indiancompany has decided to launch be-spoke choppers.

Avantura Choppers, co-foundedby bike enthusiasts Gaurav A Ag-garwal and Vijay Singh, has signeddeals with global original equip-ment manufacturers (OEMs) S&S,Mustang & Kellermann, to importcomponents for the models it in-tends to launch next month.

With 2,000-CC engines, these bi-kes will come at a price point ofabove ̀̀ 20 lakh each. At present, on-ly Indian, Harley-Davidson andTriumphs have costlier options.

While the market in India is stillin its nascent stage, various resear-ches suggest that sale of bikes withmore than 1600-CC engines is goingup by 60% year-on-year. By 2022,about 20,000 high power bikes areexpected to be on Indian roads, of

which Avantura is eying a 5-8%market share.

“I am a chopper lover, and I havebeen researching about these bikessince the last seven years. Two ye-ars ago, I decided to launch Avantu-ra to make these bikes in India,

which are made for Indian roads,”said Aggarwal, who heads the ven-ture as its chief executive. He clai-med that his company would be thefirst organised player, with rele-vant certifications.

“There are 29 tests to clear beforewe can launch. This included 16component tests and 13 motorcycletests. We have carried noise andemission tests and other impor-tant tests and await certifica-tions,” said Vijay Singh, chief reve-nue officer, Avantura.

The concept of chopper is very po-pular among serious bikers in theWest. The bikers upgrade their ve-hicles with new and more powerfulengines and modified steering an-gles and lengthened forks for a stret-ched-out appearance. Harley-David-son and Triumphs are most popularmotorcycles used for modification.

In India, choppers generally useRoyal Enfield for modifications.

Avantura to Launch Chopper BikesOn A Road TripAVANTURA to launch2 models at `20 lakh+

Cobra tyres by Avon

Turn Signals byKellermann, Germany

Promo 6-Speed Transmission by Rivera,

2,000-CCS&S Engine

Mustang hand-crafted seats

Suspensions by Progressive, USA

Other `20 lakh plus bikes in

India — Indian(10 models),

Harley-Davidson (4 models) and

Triumph (1 model)Brake Calipers byBeringer, France

CO SIGNS DEALS TO IMPORT PARTS FROM OEMs S&S, MUSTANG & KELLERMANN