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Tuesday, 25 January 2022

Garment exporters across India raise voice on high price of cotton and cotton yarn

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The garment industry is continuously raising voices on the high cost of cotton yarn and fabrics, saying rising prices are impacting exporters. The leading apparel trade body of Noida, The Noida Apparel Export Cluster (NAEC),has sought immediate intervention of the Government in this re..

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Monday, 24 January 2022

Replacing ATUF, the new scheme can have outlay of Rs. 16,600 crore

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Just two weeks back,Apparel Resourceshad reported that the Ministry of Textile (MoT) may launchTextile Technology Development scheme, and now there are reports that the Government has begun work on a new scheme with an outlay of about Rs. 16,600 crore for the next five years. MoT has p..

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Friday, 21 January 2022

Import duty on cotton may get removed soon…

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Struggling with the skyrocketing price of cotton and cotton yarn, the textile and apparel industry can get some relief soon. Apparel Resourcesgot to know from industry leaders that import duty on cotton can be removed in the next few days. There is 11 per cent import dut..

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Tuesday, 18 January 2022

Explained: PM MITRA scheme guidelines

Ministry of Textiles (MoT) has released operational guidelines for PM Mega Integrated Textile Region and Apparel (PM MITRA) parks scheme. With budget outlay of Rs. 4,445 crore, the scheme includes administrative expenses of Rs. 30 crore over 7-year period up to 2027-28. It aims to stre..

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Monday, 17 January 2022

Labour shortage can increase in coming days!

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Upcoming election in Uttar Pradesh, fear of Covid as well as lockdown and previous negative experience of the same are forcing migratory workers to go back to their states. It is imperative here that Uttar Pradesh remains one of the biggest labour hosting states in India. Owing to good order..

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Friday, 14 January 2022

India’s textile and apparel exports clock US $ 29.80 billion in April-December ’21

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After witnessing deceleration in textile exports during FY2020-21 due to disruption in the supply chain and demand caused by pandemic, India has showed signs of recovery in the first 9 months of FY ’22. During April-December 2021, the total textile and apparel exports, including ..

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Wednesday, 12 January 2022

Apparel exporters urge MoT again about high cotton and yarn price

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Apparel exporters are continuously raising their concerns regarding the high price of cotton and cotton yarn. Tirupur’s apparel exporters have already announced that they are going on strike on 17 and 18 January on this issue. Now, Apparel Export Promotio..

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Friday, 7 January 2022

Sanathan Textiles (India) to launch IPO, aims to raise up to Rs 1,300 crore

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Amongstplenty of challenges, the expansion of textile companies continues! Sanathan Textiles is also one such firm that’s going to launch its IPO (Initial Public Offering). The Mumbai-based company, producing cotton yarn products, polyester yarn and yarns for technical textiles, ..

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Thursday, 6 January 2022

ARISE Integrated Industrial Platform (IIP) joins ITMF

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The textile division of ARISE Integrated Industrial Platform (IIP), UAE, has joined The International Textile Manufacturers Federation (ITMF) as a new Corporate Member. ARISE IIP is known for identifying industrial gaps in African countries to unlock value and create new industries. Th..

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Wednesday, 5 January 2022

The Baroda Rayon Corporation signs MoU with Gujarat Government

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Surat-based textile company The Baroda Rayon Corporation has signed an MoU for 15,000 TPA (Tonnes Per Annum) viscose filament yarn and 6,600 TPA caustic soda production in Dahej. The MoU was signed recently ahead of Vibrant Gujarat summit. Incorporated in 1958, the company offers a var..

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Tuesday, 4 January 2022

Strong demand for Indian apparels drives exports

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Apparel Export Promotion Council (AEPC) has said that the strong demand for Indian apparels drives exports. The export figures of readymade garments saw an increase of 22 per cent to US $1.46 billion in December 2021 from US $1.20 billion in December 2020. The total appa..

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Monday, 3 January 2022

With 4.3% CAGR, global textile market expected to reach 1,522.3 billion by 2027

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Despite all the challenges, the global textile market is expected to reach 1,522.3 billion by 2027 at a 4.3 per centCAGR from 2020-2027. The industry was valued at US $ 1,005.2 billion in 2020. A report theGlobal Textile Market Size, Trends & Growth Opportunity, By Raw Material, By..

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Thursday, 30 December 2021

MoT will accept applications for PLI Scheme from 1 January

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The Government has finalised operational guidelines for Production Linked Incentive (PLI) Scheme for textiles, and Ministry of Textiles (MoT) will accept online applications for the same from 1 January 2022. The application window will remain open till 31 January 2022. After screening ..

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Tuesday, 28 December 2021

India clocks US $ 8.59 billion in its RMG exports during Apr.-Oct. period of FY ’22

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India’s apparel exports have grown significantly by 44 per cent during April-October period of FY ’22 on year-on-year basis, clocking US $ 8.59 billion revenues. The data was released by Ministry of Commerce and Industry, India and further analysed byTeam Apparel Resources&..

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Monday, 27 December 2021

Indian textile company booked for fraud of Rs. 35.44 crore

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Ample Textile Corporation, Mumbai, its directors and others have been booked by the Central Bureau of Investigation (CBI) for allegedly cheating the Union Bank of India to the tune of Rs. 35.44 crore. The company, which is in the business of embroidery work, had approached the bank&rsq..

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Friday, 24 December 2021

Cotton production expected to remain above 350 lakh bales: Indian Cotton Federation

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Indian Cotton Federation (ICF) expects India’s cotton production during cotton season 2021-22 (October to September) to be above 350 lakh bales. J. Thulasidharan, President, ICF has said that the increase in minimum support price (MSP) has encouraged farmers and helped maintain t..

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Thursday, 23 December 2021

Rolex Rings Limited to develop Textile & Apparel Park in Gujarat (India)

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Rajkot-based Rolex Rings Limited is a leading manufacturer of forged and machined components. The company had issued its IPO this year in March. The company has entered into Memorandum of Understanding (MoU) with the Gujarat Government. The company said in a filing, “As a p..

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Wednesday, 22 December 2021

Benin gears up to attract garment manufacturers from across the globe

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Benin, a French-speaking West African nation, is known as a cotton producer and is actively working to boost value-added activities in the textiles and garments industry. The country has also been looking at increasing its industrial footprint more broadly. The construction of the Glo-Djigb&..

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Monday, 20 December 2021

‘India should develop an Indian shipping line of global repute’: FIEO

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As industry’s pre-budget meeting with Finance Minister Niramala Sitharaman has started taking place, industry leaders and trade bodies have highlighted key challenges affecting business. In such a meeting, Dr. A. Sakthivel, President, Federation of Indian Export Organisations (FI..

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Saturday, 18 December 2021

Labour shortage is hurting the growth of apparel export facilities in Delhi-NCR!

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Labour shortage in garment manufacturing units of Delhi-NCR again has created challenges for hundreds of apparel exporters in this region. There are boards outside many factories looking for workers, and announcements for ‘workers requirement’ are being made even through e-ricksh..

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Friday, 17 December 2021

Rs. 72 crore fine on Winsome Textile Industries (India)!

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In a matter pertaining to issuance of global depository receipts (GDR), Securities and Exchange Board of India (SEBI), the markets regulator, has imposed a fine of over Rs. 72 crore on Winsome Textile Industries Limited, its Directors and two other individuals. Ashish Bagrodia, Manish ..

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Tuesday, 14 December 2021

Tamil Nadu’s Virudhunagar can get mega textile park under MITRA

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Leading textile and apparel producing state Tamil Nadu is quite hopeful to get a mega textile park under MITRA scheme. Thangam Thennarasu, Minister for Industries, Tamil Nadu said that the State Government was taking all efforts to bring a mega textile park sponsored by the Union Gover..

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Monday, 13 December 2021

Fashion for Good has launched Full Circle Textiles Project – Polyester

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Fashion for Good has launched the Full Circle Textiles Project–Polyester, with the ambition to validate and scale promising technologies in polyester chemical recycling and to encourage financing and offtake commitments in the fashion industry. The Full Circle Textiles Project&nd..

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Friday, 10 December 2021

SIMA’ Head meets Textile Minister, urges to remove import duty on cotton

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Ravi Sam, Chairman, Southern India Mills’ Association (SIMA) met Minister for Commerce and Industry and Textiles Piyush Goyal and urged for measures to improve textile exports. Coimbatore-based SIMA is one of the leading trade bodies for textile industry. Free trade agreeme..

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Wednesday, 8 December 2021

Textile chemical market: Registering the fastest growth, India will be the most lucrative market

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Registering the fastest growth in terms of value over the next ten years, India will emerge as the most lucrative market in the textile chemical market. A report of leading consulting firm Future Market Insights (FMI) has projected the same. China is anticipated to lead East Asia&rsquo..

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Tuesday, 7 December 2021

Indo Count acquires home textile business of GHCL Limited for Rs. 576 crore

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Indo Count Industries Limited, a leading manufacturer and exporter of home textiles, has entered into a Business Transfer Agreement (BTA) with GHCL Limited for acquisition of its home textile business at Vapi (Gujarat) on a going concern basis by way of a slump sale and Asset Tran..

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Monday, 6 December 2021

PLI for textiles can have flexible timelines

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The Ministry of Textile (MoT) is considering the option of providing certain flexibilities to investors under production linked incentive (PLI) scheme. PLI has an outlay of Rs. 10,683-crore for the man-made fibre (MMF) and technical textiles sectors. The scheme covers 40 MMF garments, ..

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Friday, 3 December 2021

Under SITP, 1,757 units are operational, mobilised investment of Rs. 12,470 crore

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Under the Scheme for Integrated Textile Park (SITP), out of 56 textile Parks approved/sanctioned by the Government, 24 parks have been completed as per scheme guidelines and in these parks, a total of 1,757 units are operational, and around Rs. 12,470 crore of investment has been ..

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Thursday, 2 December 2021

TEA urges to extend IES on Pre and Post Shipment Rupee Export Credit for 2 years

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Tirupur Exporters’ Association (TEA) has appealed to Nirmala Sitharaman, Union Minister of Finance and Minister of Corporate Affairs, to announce extension of Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit for another two years to help knitwear gar..

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Wednesday, 1 December 2021

India’s textile sector expecting fresh investment of US $ 2.5 billion

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The Minister of State for Textiles Darshana V. Jardosh has said that India is looking at a fresh investment of Rs. 19,000 crore (US $ 2.5 billion) in the textile sector. In its message for the ‘Textile Week’ at the India Pavilion in Expo2020, the Minister said that the textile in..

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Tuesday, 30 November 2021

4 textiles companies to invest crores in Madhya Pradesh

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Four textile industries have proposed to invest around Rs. 400 crore in and around Neemuch district of Madhya Pradesh. As per reports, Madhya Pradesh Industrial Development Corporation (MPIDC) has allotted land to these industries at Sarwaniya, Bamanwardi and Morvan vill..

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Monday, 29 November 2021

GHCL will invest Rs. 500 crore in Tamil Nadu, focus on textile and green energy

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Leading chemical and textile company GHCL Limited will invest Rs. 500 crore in Tamil Nadu, which includes installation of 80,000 ring spindles and 24 knitting machines. The company has signed a MoU with the State Government of Tamil Nadu. As per the MoU, the co..

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Saturday, 27 November 2021

Incorrect data submitted to Indian Minister of Textiles!

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Confederation of Indian Textile Industry (CITI) and spinning associations have submitted incorrect and skewed data to Minister of Textiles Piyush Goyal in a recent meeting. Claiming so, textile industry veteran and Founder of TT Limited, Dr. Rikhab C. Jain, who is also associated with variou..

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Friday, 26 November 2021

Indian textile firm KPR Mill starts new garment factory

Coimbatore-based leading textile company KPR Mill Limited has successfully commissioned its new apparel factory at Chengapally, Tirupur. This unit has the capacity of producing 42 million pieces of garments annually. Now with this facility, the total apparel manufacturing capacit..

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Thursday, 25 November 2021

India’s apparel buyers continue to look beyond China for sourcing, Bangladesh gains big!

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The apparel imports of India have reached US $ 777.35 million in Jan.-Sep. ’21, noting 25 per cent Y-o-Y growth. According to Ministry of Commerce and Industry (India), woven clothing imports have remained stagnant as the segment increased by just 6.75 per cent and the imports valued U..

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Wednesday, 24 November 2021

Opposing high yarn price, Tirupur’s apparel manufacturers will witness a strike on 26 November

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Despite the intervention of Union Ministry of Textiles, the industry is facing the heat of high yarn price. Opposing this hike, Tirupur’s apparel manufacturers will witness a one-day strike on 26 November. This strike is a part of the ‘action plan’ to protest the ever-incre..

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Tuesday, 23 November 2021

Tamil Nadu: Growing hub for medical textiles – Companies announce huge investments

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s per a research by US-based leading market research and business intelligence companyExpert Market Research (EMR), the global medical textiles (meditech – hygiene and medical) market was of about US $ 13 billion in 2020 and it is further expected to grow at a CAGR of 4 per cent between 20..

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Monday, 22 November 2021

59 per cent of Indian apparel factories have good orders

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As the last quarter of the calendar year 2021(October-December) has started, apparel factories in different countries will be targeting a positive ending of yet another sluggish year for businesses. EU and US celebrate their festive seasons in this quarter every year that results in an order sur..

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Saturday, 20 November 2021

GST hike’s notification issued! Anticipating heavy negative impact on apparel industry

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It’s official now that garments are going to be costly. The Government has issued a notification regarding the GST hikes from existing 5 per cent to 12 per cent with effect from 1 January 2022. It covers most of the textile items ranging from chapter 55 to chapter 63. Now c..

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Friday, 19 November 2021

High yarn price: Textile Minister instructs industry to collaborate and not compete, do not force Government to intervene

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Intervening to resolve issues regarding cotton yarn prices between cotton yarn manufacturers and downstream textile industry, Union Textile Minister Piyush Goyal has instructed the textile industry to resolve cotton pricing issue in the spirit of collaboration rather than competit..

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Thursday, 18 November 2021

Jammu & Kashmir a priority region for the Indian Textile Ministry: Darshana Jardosh

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Union Minister of State for Textile Darshana Vikram Jardosh has said that Jammu & Kashmir is a priority region for the Textile Ministry. Chairing the National Institute of Fashion Technology’s (NIFT) second convocation at Srinagar’s Sher-i-Kashmir International Convention Cen..

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Wednesday, 17 November 2021

Punjab (India) will also apply local reservation in private jobs, move to impact garment industry

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After Haryana, now Punjab is geared up to apply reservations for locals in private jobs only. Recently, Haryana had mandatory 75 per cent reservation on private jobs having salaries less than Rs. 30,000 per month. Notably, in the garment manufacturing industry, workers, ..

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Tuesday, 16 November 2021

Skyrocketing yarn price! RoDETP benefit for yarn can be suspended for 3 months

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Government and trade bodies have become active with regard to reducing the skyrocketing yarn price, and in near future, rates may come down. Apparel Resourcesgot to know that MoT has been requested by some industry representatives to suspend the Remission of Duties and T..

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Monday, 15 November 2021

Increase cotton production in Tamil Nadu (India): SIMA CDRA

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The SIMA Cotton Development and Research Association (SIMA CDRA) has urged the Tamil Nadu Government to increase the cotton production in Tamil Nadu from 5 lakh bales to 30 lakh bales per year. The SIMA CDRA was established in 1974 by the Southern Indian Mills’ Association (SIMA)..

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Saturday, 13 November 2021

OGTC (India) conference: Enormous opportunities for Indian apparel manufacturers

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Okhla Garment and Textile Cluster (OGTC) today organised its annual event 16th International Conference on Apparel & Home Textiles (ICAHT). The theme of this year was ‘Accelerating competitiveness in post-Covid world’. PMS Uppal, Founder, OGTC and MD, PEE Empro Exports ..

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Friday, 12 November 2021

Fund allocation a major limitation for Indian textile industry: Report

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A report by Delhi-based Infomerics Valuation and Rating, a Credit Rating Agency, has said that fund allocation is a major limitation for the Indian textile industry as the Finance Ministry approved only Rs. 3,631.64 crore for the Textile Ministry as against proposed outlay of Rs. 16,883 cror..

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Thursday, 11 November 2021

VDMA’s next webtalk on ‘“Augmented Reality in the Textile Industry” is on 18 November

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VDMA – a leading Germany-based Textile Machinery Association – has announced its next webtalk will take place on 18 November 2021 on theme – “Augmented Reality in the Textile Industry.” According to VDMA, industrial service processes often require a lot of..

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Wednesday, 10 November 2021

Cotton Corporation of India will get Rs. 17,408.85 crore, gets Cabinet approval

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The Cabinet Committee on Economic Affairs, chaired by Prime Minister, Narendra Modi, has given its approval for committed price support of Rs. 17,408.85 crore to the Cotton Corporation of India (CCI) for the cotton seasons from 2014-15 to 2020-21 (up to 30 September 2021). In a stateme..

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Tuesday, 9 November 2021

Techtexil India poised and ready to bring the industry back together in-person

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Scheduled to take place from 25 to 27 November 2021 in Mumbai, Techtextil India, India’s leading trade fair in technical textiles, nonwovens and composites, gears up for its first-ever post-pandemic edition through its hybrid exhibition. With a series of live produ..

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Monday, 8 November 2021

It’s time to target 5 times increase in export of Indian Technical Textiles: Textile Minister

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The Government is eyeing 5 times increase in export of Technical Textiles in 3 years – from US $ 2 billion to US $ 10 billion. In a meeting with the representatives of Indian Technical Textile Association (ITTA), Union Minister of Textiles, Commerce & Industry ..

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Saturday, 6 November 2021

Indian textile and apparel sector emission expected to reach 9% of global emissions by 2030

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Textile and apparel sector emission is expected to reach 9.5 per cent of global emissions by 2030, which has current level of 7.2 per cent. Even if leading players of the industry meet their climate commitments, textile and apparel sectoral emissions from production are ..

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Wednesday, 3 November 2021

Unprecedented hike in yarn price forces Indian garment industry to slow procurement and increase garment price

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Unprecedented hike in the yarn price has forced garment industry to stop/slow procurement and increase the garment price. It’s shocking for the industry as never before has there been an increase of Rs. 50 per kg in history. Garment manufacturers are of the opinion..

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Tuesday, 2 November 2021

India’s home textiles exporters’ revenue set to grow around 20%

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Thanks to strong retail sales in the US and better outlook for the upcoming festive season in export-dominated markets, India’s home textiles exporters’ revenue is set to grow around 20 per cent in fiscal 2022, and also grow global market share. Along with global companies ..

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Monday, 1 November 2021

Groz-Beckert to organise webinar on needles’ importance when sewing on leather products

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Groz-Beckert is organising a webinar that is all about the sewing on leather products. Titled ‘The importance of the sewing machine needle when sewing on leather’, the webinar will take place on 9 and 10 November 2021 both in English and German languages. ..

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Saturday, 30 October 2021

Textile Exchange and TextileGenesis announce the pilot release of ‘eTrackit’ programme

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Textile Exchange and TextileGenesis have announced the pilot release of Textile Exchange’s Electronic Trackit ‘eTrackit’ programme – a digital system for granular traceability using innovative technologies applied to Textile Exchange Standards. &l..

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Friday, 29 October 2021

Indian apparel industry expresses disappointment over GST Council’s announcement

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Indian apparel industry has expressed deep sense of disappointment and anguish at the recent announcements from the GST Council, which indicated that with a view to address the issue of inverted duty structure in the textile industry, it has proposed to implement the above on fabr..

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Thursday, 28 October 2021

Vardhman Textiles (India) collaborates with Shoolini University to establish Nanotechnology Lab

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Various textiles and apparel companies are supporting several educational institutes and promoting education, R&D. Now Ludhiana-based leading textile company Vardhman Textiles has signed a MoU with Foundation for Life Sciences & Business Management (FLSBM) to set..

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Tuesday, 26 October 2021

IITs and IISC will conduct training for geo-textiles as MoT (India) approves pilot project

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The Ministry of Textiles (MoT) has approved the pilot project on skilling of Design/Commissioning technical personnel associated with application of geo-textiles in infrastructure projects (roads, highways, railways, water resources). It will be conducted concurrently by..

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Saturday, 23 October 2021

Mumbai Textile Merchants’ Mahajan announces B2B Fabric Fair on 10 and 11 January 2022

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Mumbai Textile Merchants’ Mahajan (MTMM) will organise B2B Fabric Fair on 10 and 11 January 2022 in Hotel Sahara Star. The show will display various kinds of latest fabrics, spread over 180 stalls. Kanubhai P. Narsana, President of MTMM, informed that the trade bod..

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Thursday, 21 October 2021

Sangam India Limited approves Rs. 137 crore brownfield expansion in cotton yarn segment

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Sangam India Limited (SIL), a leading textile company, has achieved record revenue of Rs. 635 crore in Q2 FY22 with an increase of 104 per cent as per Y-o-Y comparison. The company has raised Rs. 103 crore from the promoters and Madhuri Madhusudan Kela. Total s..

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Wednesday, 20 October 2021

Trident Group (India) commissions 7.6 MW solar power plant at Budhni

India’s leading textile and home furnishing giant, Trident Group is continuously achieving new milestones. The company commissioned 7.6 MW solar power plant at Budhni, Madhya Pradesh for captive use and it is expected to produce 33,500 units per day to be consumed in manufacturin..

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Tuesday, 19 October 2021

SVP Global Ventures achieves PAT of Rs. 40.85 crore in Q2FY22

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Mumbai-based leading cotton producer SVP Global Ventures Ltd. has reported a net profit of Rs. 40.85 crore for the Q2FY22 ended September 2021, as against a net profit of Rs. 10.75 crore in Q2FY21 at a growth of 280 per cent. The textile giant shared in a statement that ..

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Monday, 18 October 2021

To spur investment, Government of India mulls major overhaul of ATUFS

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The Government is planning a major revamp of its flagship incentive scheme for capital investments in the textile and garment sector to improve its performance and align its objectives with other recently launched programmes, including the production-linked incentive (PLI) scheme ..

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Saturday, 16 October 2021

Indian start-up ReshaMandi announces a Series A funding round of US $ 30 million

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India’s first silk-tech start-up ReshaMandi has announced a Series A funding round of US $ 30 million, led by global alternative investment manager Creation Investments and other investors. ReshaMandi serves as a B2B marketplace for silk farmers, businesses and ret..

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Thursday, 14 October 2021

To increase apparel export from UP (India), PricewaterhouseCoopers insists on improving infrastructure

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As Uttar Pradesh, one of the leading Indian states, focuses on increasing exports to Rs. 3 lakh crore within next five years, the State Government has identified apparels as a crucial sector with a massive potential for growth. Currently, the overall export of the state is around Rs. 1..

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Wednesday, 13 October 2021

Tirupur’s ITCRmg to set up 750 flat knitting machines in Togo

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Tirupur’s apparel manufacturing company ITCRmg is investing in Togo (a West African nation on the Gulf of Guinea). The total investment is valued at US $ 35 million and is expected to generate US $ 40 million worth of export value on an annual basis and 2,000 direct jobs. It is first e..

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Tuesday, 12 October 2021

GMMSA Expo India-2022 scheduled from 23 to 26 January 2022

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The 6th edition of GMMSA Expo India-2022, leading garment and knitting technology exhibition, is scheduled to take place from 23 January to 26 January 2022 at Dana Mandi, Ludhiana. Organiser of the show, team Garments Machinery Manufacturers and Suppliers Association (GMMSA), announced..

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Monday, 11 October 2021

Textile units in Surat (India) may remain closed for a month!

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Facing multiple challenges, textile units in Surat may remain closed for a month. Several mill owners in Surat have proposed shutting down the dyeing and printing mills for the whole of November. In a meeting of South Gujarat Textile Processing Association (SGPTA), members of the association..

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Thursday, 7 October 2021

Indian textile industry welcomes approval of setting up 7 MITRA Parks

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Indian textile industry has welcomed the approval of setting up seven Mega Integrated Textile Region and Apparel (MITRA) Parks and said that it will help India reclaim global leadership in textiles. The Government yesterdayapproved much awaited setting up of 7 Mega Integ..

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Wednesday, 6 October 2021

Jammu and Kashmir (India) has vast potential in textile sector: MoS Textiles

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Union Minister of State for Textiles Darshana Jardosh has said that Jammu and Kashmir has a vast potential in the textile sector and there was a need to tap it and make the region a textile-manufacturing hub. The minister, who was on a tour of the Srinagar district as pa..

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Tuesday, 5 October 2021

NIFT commercially launches ‘i-SMART’ technology that aims making operators’ evaluation system smarter and flawless

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NIFT (India) – a premier fashion technology institution – commercially launched Intelligent Skill Mapping and Rating Technology (i-SMART) today in an online event. The event was graced by the presence of UP Singh, Secretary, Ministry of Textiles, NIFT’s developing team of i..

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Monday, 4 October 2021

Karnataka (India) Government gives administrative approval for textile park

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The Karnataka State Government has given administrative approval for setting up a textile park at Guledgudda in Badami, North Karnataka. The approval has been given with a condition that no financial assistance will be sought from it for establishing the park and it will be set up in p..

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Friday, 1 October 2021

Flipkart Samarth’s artisans and weavers to bring ‘Artforms of India’ to 350 million Indian consumers during The Big Billion Days

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India’s homegrown e-commerce marketplace, Flipkart, is gearing up for the 8th edition of its flagship festive event,The Big Billion Daysand is working actively with itsFlipkart Samarthartisans, weavers and handicraft makers to enable their livelihoods and business growth. This season, ..

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Wednesday, 29 September 2021

Government of India notifies textile PLI! Incentive for 30-60% value add, introduces ‘Smart Textiles’

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The Government has notified the Rs. 10,683 crore Production Linked Incentive (PLI) scheme for textiles that covers 10 technical textile products, 14 manmade fibre (MMF) products and 40 MMF apparels. The scheme outlines two categories with different incentives based on mi..

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Tuesday, 28 September 2021

40 textile and apparel companies in Tamil Nadu (India) keen for IPOs

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Around 40 textile and apparel companies in Tamil Nadu are keen to explore the initial public offer (IPO) option to list their shares in Indian equity markets. The combined market cap of listed companies from Indian textile and apparel sector is only at 2.2 lakh crore,whi..

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Monday, 27 September 2021

Indian e-commerce giant Myntra’s Big Fashion Festival! The biggest-ever edition to be held from 3 to 10 October

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India’s leading fashion e-commerce company Myntra has announced its biggest ever ‘Big Fashion Festival’. The festive season’s most awaited shopping carnival for fashion, lifestyle and beauty products is all set to be held from 3 to 10 October. Early access dates..

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