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.
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). However, Chinas export is seven times higher than that of Indias.
Hong Kong Fashion Week (Spring-Summer) to be held at the Hong Kong Convention & Exhibition Centre from July 7 to 10, 2014 is all set to become the biggest hit of the year with almost 70 Indian companies and 1300 International companies.
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.
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).
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.
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.