Many PPE manufacturers in India have shared concerns regarding the safety protocols being followed in the making of PPE kits. Many manufacturers either don’t have BIS certification or lack testing labs on their premises.
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As per Indian Ratings on Friday, it is expected that home textiles exporters will see a growth in the top and bottom lines on account of sustained demand. Stability in raw material prices will also help.
In a meeting held on Wednesday, BSE said that it has joined hands with Dun & Bradstreet Information Services India to create an ecosystem to help small and medium enterprises grow. The entities have also signed an MOU.
A new FET-100 series laboratory melt spinning system has been set up by Fibre Extrusion Technology Limited (FET) of Leeds, England, for filament yarn application in Indonesia.
The rate of inflation doubled in April due to a hike in the prices of fashion apparel and a drop in the prices of energy supplies. As per ONS, CPI jumped to 1.5% in April from that of 0.7% in March.
Myanmar’s political instability, lockdown in Cambodia and a the COVID-19 situation in India has prompted international retailers and brands to divert work orders to Bangladesh. Export earnings hit $3.13 billion in April.
The fund will be utilised for expanding the brands’ Direct-to-consumer (D2C) footprint domestically and internationally. The parent company of fashion brands, FabAlley and Indya, had raised Rs 207.4 million in June 2020.