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Garment Sector

Garment exports rise 11.4% in Apr-Nov despite global uncertainties: AEPC

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 .

Garment exports rise 11.4% in Apr-Nov despite global uncertainties: AEPC
Updated On : 17 Dec 2024 | 2:57 PM IST

Extreme heat, high temperature puts garment factory workers at risk: Study

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

Extreme heat, high temperature puts garment factory workers at risk: Study
Updated On : 09 Dec 2024 | 8:51 AM IST

Uncertainty in garment sector amid Bangladesh crisis, normalcy soon: FM

FM Sitharaman addresses concerns over garment sector investments in Bangladesh and urges banks to boost deposit mobilisation amidst rising economic challenges

Uncertainty in garment sector amid Bangladesh crisis, normalcy soon: FM
Updated On : 10 Aug 2024 | 4:34 PM IST

Bangladesh garment factories reopen with hopes after PM Hasina's flight

Garment and textile factories which supply major western brands such as H&M, Zara and Carrefour had been forced to shut under curfews

Bangladesh garment factories reopen with hopes after PM Hasina's flight
Updated On : 07 Aug 2024 | 11:49 PM IST

Ludhiana's hosiery players bear losses due to weak demand, lack of orders

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

Ludhiana's hosiery players bear losses due to weak demand, lack of orders
Updated On : 21 Jan 2024 | 12:11 PM IST

E-commerce firm Meesho recruits 150 during campus hiring, to take in more

Recruitments reflect 'robust road map for 2024', says Meesho, which is an e-commerce firm backed by SoftBank

E-commerce firm Meesho recruits 150 during campus hiring, to take in more
Updated On : 03 Jan 2024 | 10:47 PM IST

Bangladesh workers' protest: 150 factories shut, cases against 11k workers

Bangladesh's garment workers earn $95 a month as minimum wage and are demanding a minimum wage of $208 a month

Bangladesh workers' protest: 150 factories shut, cases against 11k workers
Updated On : 13 Nov 2023 | 12:41 PM IST

Stock of this garments & apparels company zoomed over 100% in 2 months

PGIL maintains a confident outlook on the continued growth and traction of Indian exports in the medium to long term.

Stock of this garments & apparels company zoomed over 100% in 2 months
Updated On : 17 Oct 2023 | 12:02 PM IST

Online British fashion retailer Boohoo partners with India's Myntra

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

Online British fashion retailer Boohoo partners with India's Myntra
Updated On : 02 Dec 2022 | 12:36 AM IST

The Ukraine war's shockwaves are hurting Bangladesh's apparel industry

Clothing and textile production is by far the biggest industry in Bangladesh

The Ukraine war's shockwaves are hurting Bangladesh's apparel industry
Updated On : 25 Nov 2022 | 9:09 PM IST

Bangladesh, Vietnam seen as competitors in textile and garment trade

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, Vietnam seen as competitors in textile and garment trade
Updated On : 17 Oct 2022 | 10:49 PM IST

Bangladesh, world's no 2 clothes exporter, sees order drop as power falters

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

Bangladesh, world's no 2 clothes exporter, sees order drop as power falters
Updated On : 02 Aug 2022 | 11:32 AM IST

Page Ind hits record high on strong growth outlook; stock up 17% in July

The company aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.

Page Ind hits record high on strong growth outlook; stock up 17% in July
Updated On : 27 Jul 2022 | 11:21 AM IST

Gokaldas Exports extends rally, up 8% in two days post June quarter results

Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24.

Gokaldas Exports extends rally, up 8% in two days post June quarter results
Updated On : 25 Jul 2022 | 2:02 PM IST

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

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

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales
Updated On : 14 Jul 2022 | 12:01 PM IST

Cotton rally squeezes Asian garment makers, threatens recovery from Covid

Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations

Cotton rally squeezes Asian garment makers, threatens recovery from Covid
Updated On : 02 Jun 2022 | 8:08 AM IST

Garment units in a tizzy as cotton prices approach Rs 1 lakh a candy

High cotton rates have denied them export opportunity created by drop in Chinese shipments

Garment units in a tizzy as cotton prices approach Rs 1 lakh a candy
Updated On : 30 Mar 2022 | 12:54 AM IST

Supply disruptions may cost Tirupur's garment industry Rs 1,200 cr a month

The last few days had seen prices of cotton rising in India with reports of a Russian invasion

Supply disruptions may cost Tirupur's garment industry Rs 1,200 cr a month
Updated On : 26 Feb 2022 | 6:10 AM IST

Vedant Fashions IPO sails through on final day, gets subscribed 2.6x

The issue garnered more than 250,000 applications

Vedant Fashions IPO sails through on final day, gets subscribed 2.6x
Updated On : 09 Feb 2022 | 12:46 AM IST

Textile firms set to spin their way to recovery in 2022: A CRISIL analysis

Credit outlook largely stable for cotton yarn and readymade garments players

Textile firms set to spin their way to recovery in 2022: A CRISIL analysis
Updated On : 31 Dec 2021 | 6:10 AM IST