MARKET & ECONOMY
Italian menswear luxury label Billionaire has entered into a joint venture with Infinite Luxury to open their first outlet at a mall in Delhi.
Arvind OG Nonwovens Private Limited (AOG), a joint venture between Arvind Ltd (India) and OG Corporation (Japan), opened its manufacturing facilities near Ahmedabad, Gujarat at an investment of about Rs 50 crore.
Welspuns revenue stood at Rs 44,954 million as against Rs 36,473 in the corresponding year, a 23 per cent growth YoY with strong volume growth in towels and rugs and higher realisation across products.
India stands second to China in textile exports, and the former is far ahead of western countries including Germany & Italy, reveals data released by the Apparel Export Promotion Council (AEPC).
Italian menswear luxury label Billionaire has entered into a joint venture with Infinite Luxury to open their first outlet at a mall in Delhi.
The Australian Competition and Consumer Commission (ACCC) recently conducted a general market surveillance of 199 items and discovered four pairs of jeans and a pillowcase that contained potentially harmful azo dyes above commonly used acceptable limits.
On 15 April 2014, the European Parliament voted in favour of new rules to improve the safety of consumer products on the EU market, including products imported from outside the EU. Improved identification and traceability will ensure the quick removal of unsafe products from the market.
China?s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) and the National Standardization Management Committee published the No. 22 Standard Notice of 2013.
According to the Chairman´s Order No. 7 of the People´s Republic of China, the newly revised Law of the People´s Republic of China on Protection of the Rights and Interests of the Consumers (Consumer Protection Law) (1) became effective on 15 March 2014.