The sales of the famous Swedish fashion brand, H&M saw a slump in China due to the boycott issues. The brand had also raised concerns over human rights abuses against Uyghur Muslims in China’s Xinjiang province.
Browsing: Industry Update
The road development work between Perambalur and Thuraiyur has been launched by the Chennai-Kanyakumari Industrial Corridor project (CKICP) to promote marketing activities between the western and central districts.
As per the data, garment manufacturers are taking a 3 to 4% margin in order to absorb the input costs. They are also struggling to pace up the production because of the scarcity of workers.
The government of Tamil Nadu has formally invited garment firm, Kitex Group to start its business and has also offered tax benefits to the firm.
As per the industrialists in Coimbatore, the raw material prices are already high due to the lockdown scenario but with the rising fuel prices, raw material prices have risen further.
As per the data, garment manufacturers are taking a 3 to 4% margin in order to absorb the input costs. They are also struggling to pace up the production because of the scarcity of workers.
The government of Tamil Nadu has formally invited garment firm, Kitex Group to start its business and has also offered tax benefits to the firm.