The Tirupur Exporters Association (TEA) has reached out to Nirmala Sitharaman, Union Finance Minister, for financial measures, like schemes and extensions, to help the apparel industry escape its current crisis state.
Month: April 2021
SpyKar joins hands with Swag Fashions and becomes the official fashion apparel licensee for Kabir Khan’s new movie, 83, set to release on 4th June 2021. This partnership will make SpyKar a cricket-based lifestyle brand.
To boost supply chain transparency, Lenzing will offer E-branding services via online certification and licensing of its VEOCEL brand, for the nonwoven industry. It will help partners and brand-owners raise brand value.
Piyush Goyal, the Commerce & Industry Minister, announced the launch of the DGFT ‘Trade Facilitation’ mobile application to make automated processing systems, online data exchange, and trading, easier for importers and exporters.
While the global man-made fibre (MMF) garments trade stands at $ 200 billion, India exports only $1.6 billion of MMF garments.
Soon after Sintex Industries, a popular textile and yarn manufacturer, disclosed in June 2019 about a Rs 900 million default on bonds, Invesco Asset Management (India) Pvt Ltd had filed a petition against the Gujarat-based firm.
Royal Enfield has partnered with Knox and Levi’s, and will offer women’s gear, to grow
their apparel line.