Dr Reinhold Festge, Managing Partner of Haver & Boecker in Oelde, Germany, has been elected as the new president of the German Engineering Federation (VDMA) at a gatheringof its members in Stuttgart on 18 October 2013
Year: 2014
The branded apparel market in India is expected to witness a positive growth over the next few years, though the organised apparel retail in India has been struggling with sluggish growth.
Indias apparel exports were to the tune of USD 1190 million in October 2013-14, indicating an increase of 30.91 per cent against the corresponding month of last financial year.
Aditya Birla Nuvo Ltd (ABNL), part of the Aditya Birla group, is well on its way to become the largest integrated branded fashion player in the country
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The organised apparel retail sector in India has grown at 12.29 per cent compounded annual growth rate (CAGR) from a size of US $6.3 billion in 2007 to US $11.3 billion in 2012
The apparel industry should aim at exports of $60 billion in the next three years as there are visible signs of revival in key markets of the US and Europe. ¨Signs of revival are visible in the US and EU.