Turkey’s Rising Minimum Wage Puts Pressure on Apparel Manufacturers in 2025
As Turkey’s minimum wage rises by 30% in January 2025, apparel manufacturers in the country are facing mounting challenges to balance costs and maintain profitability....
Author : PS NewsDesk
LVMH Reports Decline in Revenue and Profit for Fiscal Year 2024
French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) has faced the impact of challenging market conditions in fiscal year 2024. On Tuesday evening, the group...
DPIIT & Shahi Exports team up to launch manufacturing startup hub
DPIIT and Bhaane Group have signed an MoU to launch incubation programmes for manufacturing startups, fostering ties with international ecosystems. Shahi Exports’ subsidiary will offer...
Impact of the 45-Day MSME Payment Rule on Surat’s Textile Industry
The implementation of the 45-day MSME payment rule is proving to be a double-edged sword for Surat’s textile mills. While designed to ensure timely payments,...
PDS Limited Reports 66% PAT Growth in FY25 Q3, acquires 55% Stake in Knit Gallery India
PDS Limited, a leading apparel sourcing and manufacturing platform, has reported a 66% year-on-year increase in profit after tax (PAT) for Q3 FY25. Over the...
Union budget 2025 opens New Horizons for the Textiles & Apparel Sector
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, introduces several key measures aimed at stimulating economic growth, supporting the...
Neelam Shami Rao has been appointed as the new Secretary of the Ministry of Textiles
Neelam Shami Rao has been appointed as the new Secretary of the Ministry of Textiles Neelam Shami Rao has been appointed as the new Secretary...
India’s Apparel Exports Poised for Strong Growth says Chairman AEPC
India’s Readymade Garment (RMG) export to World for the financial year 2023-24 were to the tune of USD 14545 Million despite an extremely turbulent year...
Indian textile exports in December 2024 Sees Growth
Indian textile exports in December 2024 increased by 12.76% compared to December 2023, while apparel exports saw a 12.89% rise during the same period. The...
India Showcases Textile Excellence at Heimtextil 2025 in Frankfurt
India reaffirmed its position as a global textile leader as the Hon’ble Minister of Textiles inaugurated the India Pavilion at Heimtextil 2025, the world’s leading...