Govt likely to extend two-year debt moratorium for textile units
The government plans to extend the two-year moratorium for debt repayments by textile units as the units are already struggling caused by the goods and...
Month : October 2019
Intex South Asia 2019 – International Textiles Sourcing Show of South Asia
The influential and established textiles sourcing show, Intex South Asia 2019, is going to take place at BMICH, Colombo, from 13-15 November 2019. In its...
DGFT ISSUES ADVISORY FOR EXPORTS OVER ISSUE OF LATE CUT IMPOSED BY THE SYSTEM WHILE APPLYING FOR MEIS
Taking note of the representations made by trade and export promotion councils (EPCs) regarding issue of late cut being imposed by the system while applying...
B2B platform Udaan secures $585 million
Udaan, the Business-to-business (B2B) platform, has secured $585 million from Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures. The round has also seen...
Home textile exporters’ plea to Government
The Home Textile Exporters’ Welfare Association (HEWA) has demanded the government to release pending dues under a taxes and levies rebate scheme. The Home Textile...
Pepsi makes its debut in fashion industry
Pepsi will mark its foray into the fashion industry through a collaboration with homegrown ready-to-wear label HUEMN, launching at FDCI’s upcoming Lotus India Fashion Week...
Textile industry seeks steps to boost exports
The textile industry has sought immediate release of refunds under various government schemes to ease the liquidity crunch faced by manufacturers and exporters. In a...
UK Textile Exports to US to Be Hit with Additional tariffs
Exports of a range of fashion and textile products from the UK to the US will be hit with an additional 25 per cent tariff...
H&M has been in India for over four years now and has over 40 stores in the country with four more scheduled to open soon
Reportedly, the Swedish fast-fashion retailer Hennes and Mauritz (H&M) is about to launch an India specific festive collection across its stores this year marking the...
Uniqlo Opens First Retail Store in India
Japanese clothing giant Uniqlo opened its first store in India this week. The store is one of its largest worldwide, becoming the latest global retailer...