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Textile

Bangladesh garment industry faces crisis amid political unrest and floods

The textile and garment industry, which accounts for over 80 per cent of Bangladesh’s total export earnings and contributes approximately 11 per cent to the nation’s GDP, has been hit hardDhaka: Bangladesh's garment industry, a vital economic pillar, is...

Rare Rabbit opens its largest store in India

Rare Rabbit also retails from its e-commerce website The House of Rare as well as other online marketplacesNew Delhi: The Indian fashion brand Rare Rabbit opened its biggest store in India on Wednesday in Jaipur, Rajasthan.The new store is located in...

Spinning mills run on all days in Tiruppur as Jan growth brings hopes of post-pandemic revival

India's knitwear hub Tiruppur in Tamil Nadu seems to be on the path of revivalTiruppur: After weathering the twin challenges of Covid-19 pandemic and the Russia-Ukraine war, India's knitwear hub Tiruppur in Tamil Nadu seems to be on the path...

Textile maker Arvind Ltd profit declines 11.62 % to Rs 87 crore in Oct-Dec

Overall textile revenues were lower as volumes were lower especially in Denim segment, the price realisations started to trend down since Q2 New Delhi: Textile manufacturer Arvind Ltd on Wednesday reported an 11.62% decline in consolidated net profit from continuing...

Textile sector key in realising self-reliant India: Prime Minister Narendra Modi

Prime Minister Narendra Modi on Saturday said the textile sector is key in realising a self-reliant India, and added that his government is particularly focussing on skills upgradation, financial assistance and integrating the sector with latest technology. According to a...

Textile sector attracted up to Rs 27,000 crore investments: Smriti Irani

Union minister Smriti Irani said the textile sector has attracted up to Rs 27,000 crore investments since the announcement of incentive package last year, and is likely to get more investment from international and domestic markets going forward.According to...

Supportive textile policy needed to make textile industry US $300 bn market: Report

In order for the textile industry to achieve its goal of becoming a US $300 billion market by 2025, there is a need for supportive policy, and public-private partnership, especially in areas like research and development (R&D), an apex...

Fall in exports for the Home Textile segment: CRISIL

Operating profit margins of home textiles exporters is seen falling 300 basis points (bps) from this fiscal following pressure on export realisations stemming from a shift in the dynamics of US retail, and a reduction in incentives after the...

Govt, industry to chalk out 10 year roadmap for Indian textile sector

Several Union ministers, key policymakers and representatives of the global textile and apparel industry will try to thrash out the issues facing the sector at a 3-day international conference here from June 30. According to a PTI report: It will...

‘Pre-Budget Memorandum’ – retailers’ expectations

The economic growth of India has seen many turbulent times in the last year. While the first half of the year was buoyant promising nearly double digit growth, the global economic downturn did not leave the Indian economy untouched...
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Latest News

IKEA FY24 loss widens to Rs 1,299 cr, revenue up 4.5% to Rs 1,809.8 cr

Ikea India reported a loss of Rs 1,133 crore and its revenue from operations was at Rs 1,731.6 crore...
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