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Tirupur industry stares at Rs 15k cr loss due to COVID
March 2020
With another three precious months gone, Tirupur’s losses are pegged at Rs 15,000 crore.
End GST disparity to gain global share
March 2020
India’s textile exports have plateaued during the past five to seven years. The domestic textile and apparel industry, including handicrafts, stood at $140 billion in 2018, of which $40 billion was exported to the world market.
Govt’s decision to withdraw MEIS incentives to hit textile exporters
March 2020
The Government’s decision to withdraw the Merchandise Exports from India Scheme (MEIS) with retrospective effect is likely to erode profit margins of textile players. It will also impact exports and fresh investment in the sector.
MP CM brings investment worth Rs 3,250 cr in textiles
March 2020
Trident announced an investment of Rs 3000 crore in Madhya Pradesh in ‘Investment Round Table Conference’ with CM Kamal Nath in New Delhi.
Textile industry worried as Govt scraps export sops
January 2020
The textile industry has expressed shock and anguish over the withdrawal of four per cent incentive given under the Merchandise Export Incentive Scheme (MEIS) on made-ups and garments, with retrospective effect from March 7, 2019.
How to increase exports of garments from India
November 2019
The garment industry is very competitive, and countries are being able to export only if they are competitive, writes Saon Ray.
Forever 21 files for bankruptcy
September 2019
Forever 21 Inc and its US subsidiaries have commenced voluntary chapter 11 cases in the United States Bankruptcy Court for the District of Delaware.
T.T. Limited to exit from spinning
September 2019
T. T. Limited has been successful in disposing off company’s spinning machinery earlier located at Gajroula (Uttar Pradesh) and Avinashi (Tirupur, Tamil Nadu).
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