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Textile industry worried as Govt scraps export sops
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.
Forever 21 files for bankruptcy
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
T. T. Limited has been successful in disposing off company’s spinning machinery earlier located at Gajroula (Uttar Pradesh) and Avinashi (Tirupur, Tamil Nadu).
R|Elan, Neva partner for next-gen performance wear
R|Elan™, the next-gen fabrics from Reliance Industries Ltd. (RIL), has joined hands with Ludhiana based Neva Garments Ltd., a leading value fashion retailer, to create and market apparels made from an innovative range of R|Elan™ Kooltex & R|Elan™ FeelFresh performance fabrics.
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