The winners of InnoTex 2018, a competition on innovative ideas/concept devised for best design, method, process, product and cost reduction in any area from ‘ginning to garment’, have been felicitated by the Union minister Suresh Prabhu. A total of ten
Welcoming the new duty drawback rates, the Cotton Textiles Export Promotion Council (TEXPROCIL) said the revision will boost the exports of cotton textiles. The government of India has increased the duty for cotton yarn from 1.2 per cent to 1.7
Dr KV Srinivasan, managing director of Sree Narasimha Textiles, Premier Mills and Premier Fine Linens Pvt Ltd, was elected as chairman of The Cotton Textile Export Promotion Council (TEXPROCIL) for the years 2018–2020. Srinivasan is also trustee of Kasthuri Sreenivasan
Textiles Minister Smriti Irani said the External Affairs Ministry has stepped up efforts to help the domestic industry facing trade-related challenges, including non-compliance of treaties by certain countries. While addressing a CII conference here, the minister said the domestic market
The Ministry of Commerce and Industry has increased duty increased from 1.2 per cent to 1.7 per cent for cotton yarn, from 1.3 per cent to 1.6 per cent for cotton fabric and from 2 per cent to 2.6 per
The Uttar Pradesh government is mulling giving 30 per cent discount on khadi products to boost the sales. “UP is the biggest market for khadi and has a huge demand for its products. We are considering to introduce 30 per
Zara owner Inditex reported net profit of 2.4 billion euros ($2.7 billion) for the first nine months of its financial year, up 4 percent on the year, and maintained guidance for the second half of the year. The world’s largest
The Aditya Birla Fashion and Retail (ABFRL) is flying on industry expectations that the company will continue to report better performance in the coming quarters. Analysts anticipate that the owner of Louis Phillipe, Allen Solly and Peter England brands and
Sweden’s H&M, the world’s second-biggest fashion retailer, said that local-currency sales growth for its fiscal fourth quarter roughly matched market expectations. Local-currency sales including VAT in the September-November period rose 6 percent from a year earlier, against a mean Reuters
Taneira, the newly-launched ethnic wear brand from Titan, will open around 40-50 stores in the top 20 towns of the country in the next 5 years. The company had been doing pilot activities since the last 18 months before rolling
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