S Kumars (SKNL) Caught in Legal Trouble
The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth...
Category : Trade
Apparel Retail Sales in the US sees Good Jump
A report released by Wazir Advisors indicate that in the month of March 2022 the apparel store sales in the US reached US$ 17 billion...
61 PLI scheme applications Approved
On April 14, the Government announced that it has approved 61 applications for its production linked incentive scheme for textiles which has an investment potential...
Tirupur Speeds Up as Orders Galore
Tiruppur has clocked exports worth Rs 33,525 crore in the 2021-2022 fiscal accounting for 54.2 per cent of the country’s total exports in the sector,...
Shipping companies Face Brunt of Ukraine Russia War
The ongoing war between Ukraine and Russia has left shipping companies in India in crisis. The shipping activities in Northern black sea are closed and...
India and Australia FTA to create New Milestones in T&A Sector
India and Australia have signed an ambitious free trade agreement (FTA) in goods and services slashing import duties on a wide variety of items including...
Mango Reports Strong Sales Via Online
Mango recently reported a turnover of £1.8 billion in 2021, with online sales accounting for 42%. Mango profits rose to their highest level in almost...
Right Time for Investments in Textile Sector
The increasing requirement for technical textiles due to rapid changes in environment along with increase employment and rise in disposal would lead to enhanced investments...
John Lewis to Invest £90mn for Store Expansion
The online sales of John Lewis has seen a very good growth, however, the company will still continue to operate offline and not close its...
PLI SCHEME Attracts Big Textile Players, 67 Applications Received by MOT
The textile ministry has received applications from as many as 67 companies to avail benefits of the production linked incentive (PLI) scheme for man-made fibres...