RBI Hikes Repo Rate..Is Textiles & Apparels Industry ready for another jerk?
The 40 basis points increase in repo rate announced by the Reserve Bank of India (RBI) this week will lead to costlier loan, and add...
Tag : investment
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...
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...
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...
Jaipur Rugs plans international expansion, eyes Rs 1,000 crore revenue
Carpets and home textiles business Jaipur Rugs has opened a new store in Bengaluru and the business also aims to continue its international expansion and...
Fashion Company Locofast Gets Investment Worth USD 15mn
A supply chain platform for fashion and lifestyle companies, Locofast has raised $15 million co-led by Stellaris Venture Partners and Chiratae Ventures. Locofast, a supply...
Industry Appeals for Extension of Interest Subvention Scheme and Faster Reimbursements in Budget
The Union budget is on its way and the apparel exporters certainly have some serious concerns and requests. One of the top priorities for the...
KITEX TO SET UP ITS FACILITY IN TELANGANA WITH RS 1000 CR INITIAL INVESTMENT
After many round of discussions with Govt of Bangalore and Telengana the Kitex Group has finally decided to go ahead with an investment of Rs...
H&M PARTNERS WITH JAPANESE BRAND TOGA
H&M has announced collaboration with the Tokyo-based independent luxury label Toga. The collection will comprise reimaginings of Toga’s archival hits for men and women, given...
Bombay Rayon Fashion Limited Is Back In Action
BRFL Textiles Private Limited (BTPL), which houses the largest single-roof fabric processing unit in India, has completed a Rs. 2.4 billion equity infusion from a...