MARKET & ECONOMY
Trident, a well-known textiles and paper maker, is planning to raise an amount of Rs 11 billion with NCDs and equity shares in the market.
Though plant sites are functional with a restricted occupancy level, 1QFY22 may not be a lost quarter, thanks to strong export markets, says Mahaveer Jain of India Ratings
Expert speakers from the field of textile and fashion industry shared their valuable insights in the series with the students of the department
The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India. Order intake in the first half of 2021 is expected to be around CHF 800 million.
US-based retailer Target Corporation completed a vendor re-empanelment process with Welspun Global Brands Ltd., Welspun India’s subsidiary, recently.
Rieter, the world’s leading supplier of systems for short-staple fiber spinning, received orders of around CHF 300 million in April 2021. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.
After the infamous Rana Plaza collapse incident, the global apparel brands entered into safety agreements with local factories in Bangladesh. One of the accords expired in 2018 while the other one is expiring by the end of the month.
The event is scheduled to take place from June 12-16 in Shanghai, China. The company will be present both physically and virtually at Booth C31, Hall 4 of the National Exhibition and Convention Centre.
According to a top official from Tirupur Exporters Association (TEA), the garment units in Tirupur will keep their shutters down from May 14 evening till May 24. This is being done to prevent the spread of coronavirus.