The fiscal incentives in the package, which is expected to cost the ex-chequer an estimated Rs 6,000 crore, include enhanced duty drawback coverage with refund of State levies not being compensated so far, additional funding under the Technology Upgradation Fund Scheme (TUFS) and enhanced scope of income tax exemption under Section 80JJAA of the Income Tax Act.
Month: June 2016
CADINI, a fashion brand synonymous with premium Italian dressing for men has launched its first flagship store in India at Colaba, Mumbai. CADINI has embarked upon an investment of Rs 15 crore for its retail foray and is poised to open 10-15 stores during this year in the high streets and destination shopping malls of metro cities including Mumbai, Delhi, Pune, Bengaluru, Chennai and Kolkata.
The total foreign direct investment (FDI) registered in Vietnam in the first half of the year reached more than $11.2 billion, the Foreign Investment Agency (FIA) said. This is a significant surge of 105 per cent against the same period last year. Of the total, $7.5 billion came from 1,145 newly licensed projects, representing an yearly increase of 95 per cent in capital and 56 per cent in the number of projects.
With its inception in 2013, Corporate Collars, one-of-its-kind Bespoke Tailoring Services at Altamount Road and Bandra-Kurla Complex, Mumbai, has recently launched a unique service, Corporate Collars on Wheels. For the first time, Corporate Collars on Wheels is a complete solution to your styling needs, with the convenience of getting your tailoring services right at your door step.
In an endeavour to promote sustainability while catering to the growing demands of fashion industry, Whitenife, has curated Asia’s largest marketplace for ethical fashion goods. “Fast fashion is significantly deteriorating the world we live in, making ethical fashion no longer a niche, but a necessity,†says Sonia Agarwal, CEO & Founder of Whitenife.
ColorJet Group, the biggest and only Indian manufacturer of digital printers in India, will bring a paradigm shift to the Indian home furnishing industry at Heimtextil India 2016 in hall 11, stall no H06 by introducing its wider width direct-to-fabric digital home textile printer FABJET GRAND, which is suitable to print on all inks, viz. reactive, pigment or disperse. Heimtextile India 2016 will be held from June 22-24, 2016 at Pragati Maidan, New Delhi.
Suditi Industries Ltd and YouWeCan (backed by Yuvraj Singh) have associated to create a clothing line under the YWC label. Black White Orange Brands Pvt Ltd, a brand licensing company, has brokered the deal, taking their strategic partnership with YouWeCan Ventures a notch higher. As a part of this exclusive deal, Suditi Industries will design and manufacture a licensed clothing line that will include lifestyle and fashion apparel for men, women, and for kids above four years.