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Textile bodies hail financial measures to boost economy
November 2019
Indian textiles and clothing industry, the second largest employment provider (around 11 crore people) next only to agriculture was the second largest exporter in the world during 2017, now it has slipped to 5th position due to global recession especially in the aftermath of US-China trade war and the tariff concessions extended for the competing Nations like Vietnam, Bangladesh, Pakistan, etc.
How to increase exports of garments from India
November 2019
The garment industry is very competitive, and countries are being able to export only if they are competitive, writes Saon Ray.
Acimit upbeat on export to PERU
October 2019
Expotextil, the fair for the textile and garment sector in Peru, will be held from 24 to 27 October in Lima. At Expotextil there will also be a large representation of Italian textile machinery manufacturers.
Alpha Capital invests in women’s brand
May 2019
Mumbai-based private investment firm Alpha Capital has invested Rs 80 crore in women’s ethnic and casual wear label Shree, whose owner SHR Lifestyles will spend the money to expand its reach in existing markets and penetrate new regions, especially in south India.
Arvind Envisol, Chinese company sign JV
April 2019
Arvind Envisol, the wastewater treatment arm of Rs 6,900 crore textile firm Arvind Ltd, is looking for collaborations across India, Africa, Bangladesh and China for driving growth and is in the final stages of signing a joint venture agreement with a Chinese textile company.
SGS helps textile cos reduce harmful chemicals
April 2019
Consumers are already looking for products that are sustainably sourced and better for the environment.
Tax refunds to boost textile exports
March 2019
The textile industry expects exports to increase with the government extending refund of State and Central taxes on shipments of apparels and made-up goods.
Uzbek blueprint to boost textiles
February 2019
Uzbek President Shavkat Mirziyoyev has signed a decree to deepen reforms in the textile industry to fully reprocess raw cotton domestically and increase export potential of the country
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