Union Budget 2022: Textile majors expect FM to revoke import duty on cotton
Major textile and apparel manufacturers expect Finance Minister Nirmala Sitharaman to scrap the existing 10 per cent customs duty on cotton imports in the Union...
Tag : apparelindustry
Orders Revive but Raw Material Prices Pose New Challenges
After a long haul apparel exporters and domestic garment manufacturers in India are seeing a big jump in orders and most of them are reporting...
Fast Retailing cuts its annual profit forecast
Uniqlo owner Fast Retailing has lowered its annual profit forecast as a result of additional Covid-19 related government restrictions in Japan and overseas denting footfall....
TEXTILE MINISTER BUOYANT ABOUT 10X GROWTH
Piyush Goyal, the new textiles minister, has set an ambitious target of scaling up the industry’s capacity by 10 times, amid indications that the government...
RoSCTL Scheme on apparels and made-ups Extended till 31 March
Rebate of State and Central Taxes and Levies on apparels and made-ups has been extended till 31 March The scheme is aimed at generating lakhs...
AEPC Chairman hails RBI’s decision to prop up industry
Welcoming the RBI’s bi-monthly monetary policy review, Apparel Export Promotion Council (AEPC) Chairman Dr A Sakthivel said that the pro industry measures will facilitate the...
H&M’s online second-hand shop Sellpy launches in 20 more countries
Swedish online second-hand shop Sellpy, which is majority-owned by fashion giant H&M announced opening in 20 more European countries, in a bet demand for sustainable...
Dr. Darlie Koshy Bids Adieu to ATDC
Dr. Darlie Koshy DG & CEO of ATDC India bid adieu to ATDC after serving for more than 12 years. In the past he was...
GAP REPORTED ITS Q1 2021 Results
A portfolio of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic, and Athleta, and the largest specialty apparel company in the U.S., reported first...
Deepika Rana’s Takes Over as Chief Operating Officer at Li & Fung
With over 30 years of experience in supply chain management at country, regional and global levels, Deepika has built a strong track record around its...