MARKET & ECONOMY
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.
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.
According to a source at the Standing Advisory Committee (SAC) meeting, West Bengal jute mills have been accused of not supplying enough jute bags.
The labour intensive garment industry has asked for permission from the state government to function at full capacity.
German specialty chemicals company, Pulcra Chemicals has announced the acquisition of Devan which is a Belgian chemicals company.
The labour intensive garment industry has asked for permission from the state government to function at full capacity.
The labour intensive garment industry has asked for permission from the state government to function at full capacity.
The labour intensive garment industry has asked for permission from the state government to function at full capacity.