The rate cut should lower procurement costs, improve cost efficiency, and enhance operating margins
Comprehensive business model offering multi-country, multi-product solutions may reduce the impact of tariffs
Almost 28% of India's textile and apparel exports go to the US
The FTA with the UK and the China and Bangladesh plus-one opportunities are likely to boost medium-term growth
With 45 percent of India’s yarn exports going to Bangladesh, any benefit to that market will mean better prices for Indian yarn exporters and textiles
A growing worry within the textile industry is also about consumption declining in America due to higher prices of imported products which would directly impact India's export growth despite having a competitive edge on tariffs over other countries.
Pearl Global corrected by 37% in one month following Trump’s reciprocal tariffs
Political unrest in Bangladesh throws up significant opportunities
On February 13, India and US agreed on a new goal for bilateral trade – "Mission 500” – aiming to more than double total bilateral trade to $500 billion by 2030. The two sides also announced plans to negotiate a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall of 2025.
Comprehensive business model offering multi-country, multi-product solutions to global retailers
Bangladesh is a leading global cotton importer due to the size of its textile and garment industry, but the devastating floods mean few trucks and trains have been able to bring supplies to factories from Chittagong port over the last week, industry officials and analysts said.
In the short term, Indian textile companies that invest in Bangladesh’s ready-made garment industry, are expected to face challenges in maintaining their production flows.
This beloved wardrobe staple is long overdue for a revamp
The government has already announced a PLI scheme for man-made fibre garments and technical textiles.
The consumer affairs ministry has brought amendments to this effect in the Legal Metrology (Packaged Commodities) Rules 2011, following various representations
After the introduction of GST in 2017, the RoSL (Rebate of State Levies) scheme was replaced by a new scheme – Rebate of State and Central Taxes Levies (RoSCTL) in March 2019.
The reinstatement of the rebate on state and central taxes and levies will make garment exporters competitive
The Cabinet has extended the existing export-promotion scheme for textiles until March 2024 but experts say the sector, which is one of India's biggest job creators, needs more support to face fierce competition from rivals such as Bangladesh, Vietnam and Cambodia
Sales of Lux Industries, Dollar Industries, Rupa & Co. grew at a decent pace in the September quarter, helped by sales of economy range products and growth in smaller urban centres
The Council, headed by Finance Minister Arun Jaitley, will also review at its meeting the implementation of the new Goods and Services Tax (GST) regime since July 1 and may finalise a mechanism to operationalise anti-profiteering provision to protect consumer interest.
Ludhiana seems to be the one-stop destination for almost all businesses right from auto parts to garments to industrial goods. This episode discusses what more needs to be done to augment the growth of the micro, small and medium enterprise (MSME) sector.
According to the amendments, readymade garments sold in loose form have been exempted from Legal Metrology (Packaged Commodities) Act, 2011, a senior official of the Textiles Ministry said.
Arvind shares hit record high of Rs 368.50, up 5.5 percent intraday Tuesday. CLSA raised target price on the stock to Rs 418 from Rs 362 as it expects the shift in favour of garments business and the asset-light expansion model to drive further improvement in return on capital employed (RoCE) over the next three years.
In an interview to CNBC-TV18, Sajjan Kedia, VP-Finance & Corporate Compliances at Lux Industries said Dankuni, West Bengal plant should be operational by September-end or first week of October.
IPO of the company which manufacturers and exporters of knitted garments for children.