MARKET & ECONOMY​

According to the Chairman?s Order No. 7 of the People?s Republic of China, the newly revised Law of the Peoples Republic of China on Protection of the Rights and Interests of the Consumers (Consumer Protection Law) (1) became effective on 15 March 2014.

Arvind Limited has recorded strong growth in the consolidate revenue by 34 per cent at Rs 1,879 crore for the quarter ended 31st March 2014, as against Rs 1,406 crore in the corresponding quarter of the previous year.

Archroma has recently announced further major price increases on a wide range of its dyes for the textile industry. The main driver for the increases is the growing pressure from increased environmental controls in the production of important raw material and dye intermediate chemicals in Asia, especially in China.

Germany-based Terrot GmbH, a leader of circular knitting machine manufacturing, has taken over the operational business of the insolvent PILOTELLI Macchine Tessili S.r.l., based in Cazzago San Martino (Brescia) by signing the corresponding contract today at a notary in Milan with the receiver in insolvency Dott. Flavio Rada.

Cut-Tex-« PRO is a ground-breaking combination of highly technical fibres, weaved by special high-density knitting machines, resulting in a truly outstanding cut and slash resistant fabric. PPSS Group claim Cut-Tex-« PRO is the worlds best, which is reinforced by passing several of the most stringent European and International Standards for cut, tear and abrasion resistance.

Despite the government allowing 100 per cent FDI in single-brand retail, many foreign fashion brands, are tying up with leading e-tailers to enter the country. Dorothy Perkins, a UK-based fast fashion brand is the most recent example, which has exclusively partnered with Jabong.com. Jabong, backed by the German internet incubator Rocket Internet, is also selling Miss Selfridge in India.

Indian apparel retail landscape is rapidly evolving from the traditional brick-and-mortar model to multi-channel retailing that includes e-tailing, direct selling and home shopping. Technopak Advisors estimates to be about $41 billion in 2013.

Not too long ago, Indian apparel makers were reluctant to enter the womans western-wear segment, given that ethnic wear was seen as a predominant category. However, with sales of ethnic wear, petering out considerably, players are reworking their marketing strategies with a slew of party and occasion-based western wear.