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Rising inflation to make textile items costlier
June 2021
The price hike in diesel and petrol has caused inflation to increase by 25 to 30% after unlock. From July the rate of textile items will further increase by 10 to 15%.
Punjab’s area under cotton crosses 3 Lakh ha
June 2021
For the first time in six years, the cultivated area for cotton in Punjab during this Kharif season has crossed the mark of 3 Lakh hectares. This marks an increase of 17% as compared to 2020.
Atlas Copco starts financial aid scheme for COVID-19 deceased employees
June 2021
The scheme applies to all on-roll employees retrospectively from April 1, 2021. Along with other benefits, dependents will also get insurance benefits where the sum insured is three times the CTC.
Bangladesh’s garment exports to US declines
June 2021
With the Covid-19 situation in the US under control to some extent, export of readymade garments has risen to the US from various countries. Bangladesh could not take advantage of this and its exports have declined.
FDI in India increased by 27% in 2020 despite Covid
June 2021
As per UNCTAD World Investment Report, 2021, FDI flows in 2020 to developing Asian countries increased by 4% and reached $535 billion while the global FDI dropped by 35% and has reached $1 trillion.
Mirraw unveils new range of ethnic and stylish sarees
June 2021
The stylish range of ethnic and glamorous sarees has been launched by a Mumbai based online shopping brand, Mirraw. The sarees are printed, woven, and embroidered.
India to become world’s main cotton producer: Report
June 2021
The consumption of cotton will be more than its supply in 2021, according to the report by IndexBox. This will cause a high price of cotton and a reduction in the global cotton stock.
Vietnam’s textile sector to be affected by Covid 19
June 2021
As the Covid-19 situation is getting more complicated across Vietnam, the textile and garment sector is greatly affected. The sector might come down in the coming months.
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