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Shri Lakhsmi Cotsyn, Eco-Friendly, Organic Textile Franchise in process to open 500 franchise stores across India

Written by: Dhawal Shah

Article Overview: Delivering the lecture at ``The India Investment Show-2009``, hosted by myiris.com, Rakesh Kumar Srivastava, company secretary & financial controller, Shri Lakhsmi Cotsyn (SLCL) said that it is in process of opening 500 franchise stores across India through its pan India distributor`s channel. SLCL has introduced India`s first eco-friendly organic textile brand `Weaves` for health conscious families.

Shri Lakhsmi Cotsyn, Eco-Friendly, Organic Textile Franchise in process to open 500 franchise stores across India

Rakesh said that SLCL is an approved supplier to the India armed forces and defense establishments and now is in the process of introducing a high-end 360 degree protected armoured vehicle, first of its kind in India with bullet-mine and bomb-proof accessories. The company recently entered into 75:25 joint venture with Armet Armoured Vehicles of UK to manufacture and supply about 300-400 high-end armored vehicle per year, he added.

The company plans to enhance the capacity of its fusible interlining division to 25 million metres from 12.5 million metres at present, it also intends to set up spinning unit with one lakh spindles. Srivastava said that company plans to open 1500 retail outlets through out the country by 2011 based on franchisee model.

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Article Tags: 5 million, armed forces, armet armoured vehicles, armored vehicle, bomb proof, defense establishments, franchisee, fusible interlining, india, joint venture, rakesh, retail outlets, slcl, srivastava



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Re: Franchising? Why pay franchise fees? - I have found that most true entrepreneurs will never buy a franchise because they don't see the value of the franchise system. Bill Gates would probably never buy a franchise right? He created the system, he doesn't want to follow a system. A Franchise is a system. Bottom line is the bottom line. If you can't see where the name, system, training, support, products, & services will make you more money than opening your own business then open your own. It is a known fact that 90% of all small businesses close within 2 years. It is also a known fact that over 90% of all franchises are still open after 2 years. So franchising may not be right for everyone, but someone must be doing something right to have one open every 8 minutes in the US.
Re: Info for would be franchisers... - [quote="Sebastien":1d29sdv1]Like Franchise Times, Franchise Update is a very practical magazine. There is no blah blah, just straight facts that anyone in the franchise community can relate to. I just want to mention that all these magazines are NOT franchisee oriented. I mean these magazines are for franchise professionals. If you're looking to buy a franchise, you won't find much information in there. To answer your question, getting published in Franchise Times was fairly easy. I don't want to brag too much but I think I am known in the franchise industry. I was the marketing guy at Franchise.com for a few years before joining my new company, the World Franchising Network. So people know me and I have a very good relationship with Nancy Weingartner, the Managing Editor at Franchise Times. I was talking with her at the last Franchise Expo South in Miami and she mentioned she'd like me to be profiled. I was like "ok, sure!". I like this franchise executive profile thing in Franchise Times as it is rarely BS. People are usually really natural in there.[/quote:1d29sdv1] Thanks for the follow up Sebastien! And I can't say that I'm surprised that networking with the right people and managing your relationships with them properly are the keys to being published. I guess the old adage holds true of "it's not who you know, but who knows you" that's important.
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