India's readymade garment exports rose 11.4 per cent to USD 9.85 billion during April-November this fiscal despite global uncertainties, signalling robust global demand for Made-in-India products, AEPC said on Tuesday. The Apparel Exports Promotion Council (AEPC) said that with the changing geopolitical equations, a lot more business will shift to India in the near future. AEPC Chairman Sudhir Sekhri said: "With India's inherent strengths and strong supportive policy framework by the Centre and states, India is all poised to reap its benefits. With end-to-end value chain capability, a strong raw material base and factories focusing on sustainable responsible business practices, India will surely see substantial growth in times to come". The growth also reflects the growing trust of global brands for Made-in-India products, especially considering the uptick in the festive season demand. The chairman appealed to international buyers to visit India and participate in Bharat Tex Expo .
Report identified only three retailers - Nike, Levi's, and VF Corp - which specifically include protocols to protect workers from heat exhaustion in their supplier codes of conduct
FM Sitharaman addresses concerns over garment sector investments in Bangladesh and urges banks to boost deposit mobilisation amidst rising economic challenges
Garment and textile factories which supply major western brands such as H&M, Zara and Carrefour had been forced to shut under curfews
Ludhiana's famous hosiery sector is staring at losses because of weak demand for winter garments this season, as many manufacturers say they faced lack of repeat orders as well as return of stocks from traders in many states. Hosiery goods manufacturers also blame dumping of China-made winter wear items, available at much lower prices, for adding to their woes. However, bone-chilling cold wave weather conditions prevailing in the northern region have given some sort of relief as they anticipate a pick up in demand which may lead to clearance of stocks. Ludhiana hosiery sector, which is one of the oldest industry verticals, is famous for winter garments like sweaters, jackets, thermals, cardigans, pullovers, innerwear, shawls etc. Several states like Uttar Pradesh, West Bengal, Rajasthan, Himachal Pradesh, Delhi, Bihar and Haryana are among key markets for the hosiery sector. The industry representatives said they started offering discounts to wholesalers in December when the deman
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Bangladesh's garment workers earn $95 a month as minimum wage and are demanding a minimum wage of $208 a month
PGIL maintains a confident outlook on the continued growth and traction of Indian exports in the medium to long term.
Online fashion retailer Boohoo said on Wednesday it was entering the Indian market through a deal to feature its brands on Walmart Inc-owned online fashion site Myntra
Clothing and textile production is by far the biggest industry in Bangladesh
With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.
Bangladesh's garment industry is facing a double whammy from slowing global demand and an energy crisis at home that's threatening to thwart the nation's pandemic recovery
The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.
Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24.
The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead
Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations
High cotton rates have denied them export opportunity created by drop in Chinese shipments
The last few days had seen prices of cotton rising in India with reports of a Russian invasion
The issue garnered more than 250,000 applications
Credit outlook largely stable for cotton yarn and readymade garments players