Trade News India Archives | Apparel Resources
Home » Tag » Trade News India

# Trade News India

Fire engulfs denim fabric manufacturing factory in Ghaziabad, India

Fabric and other raw material worth lakhs of rupees gutted in fire broke out in a garment factory identified as Ajanta in Site 4 area of Sahibabad, Ghaziabad, UP, India. The incident took place after a boiler kept inside the factory premises exploded on March 21. No loss of lives or injury was reported to any factory workers, who were present in the factory at the time of the incident. The factory used to manufacture […]

Share: 

India notes decline in textile exports

India has noted a decline of 4.5 per cent in its textiles export during April-December of 2016-17 fiscal. This was informed by Minister of State for Textiles Ajay Tamta. “The exports of textiles during 2016-17 (April-December) were US $ 26 billion compared to US $ 27.2 billion during 2015-16 (April-December),” Minister of State for Textiles Ajay Tamta said in a written reply to Rajya Sabha. He also said that during the three quarters of this […]

Share: 

School uniform manufacturer SM Knitwear doing well in east India

“It is always nice to capture the entire Indian market but honestly speaking I am happier to see our product do so well in eastern India,” says CP Singh, Owner of SM Knitwear. His vision of knowing ‘what you are good at’ and ‘how to sustain it’ is what makes him the leader. Based in Jamshedpur, the company today covers the entire state of Bihar, apart from dominating the market of Chattisgarh and Orissa. Also […]

Share: 

Indian apparel market to grow threefold by 2025

If reports are to be believed then India’s apparel market is expected to note threefold rise from US $ 59 billion in 2015 to US $ 180 billion by 2025 while China is expected to lead the market at US $ 615 billion by 2025, growing at a CAGR of 10 per cent as compared to US $ 237 billion in 2015. Indian apparel market will emerge as the fastest growing, expanding at a compounded […]

Share: 

‘Progen’ by AEPC – An initiative for GenNext

To promote leadership among the young generation involved in Indian apparel export industry, Apparel Export Promotion Council’s (AEPC) initiative ‘Progen’ was launched recently. AEPC is the apex body of Indian apparel export industry. So far, Progen has 108 members across India, divided into 8 zones. Each Zonal Head will attend the Executive Committee (EC) meeting of AEPC, exchange ideas with other members of Progen, and share their views with the EC. The primary target for […]

Share: 

Surat (India) is now focusing on circular knitting

It seems that after completely exploring embroidery and digital printing, Surat (India)-based entrepreneurs are now digging the knitting industry. Kamlesh Vaghela, RK Textiles Service, Surat’s sole agent of the Chinese company (Longjun Machineries) in India, strongly believes, “Despite being new for the Surat market, the city known for weaving but not knitting currently has 1,000 to 1,500 circular knitting machines which are operational. People are running polyester on circular knitting machines. At Surat, people are […]

Share: 

Indian undergarments manufacturer Rupa inks deal with Fruit of the Loom

An agreement has been signed between India’s Oban Fashions Private Limited, a wholly-owned subsidiary of undergarments manufacturer Rupa and Company Limited and America’s Fruit of the Loom Inc. to sell, manufacture, distribute, advertise and sell innerwear and outerwear products in India, under their brand name. Fruit of the Loom, a wholly-owned subsidiary of Berkshire Hathaway Company (a Warren Buffet Company) headquartered in Kentucky, has become the second label after FCUK to be produced and marketed […]

Share: 

SIMA requests TN (India) Government to remove cess on cotton

India’s Southern India Mills’ Association (SIMA) has urged the State Government of Tamil Nadu to remove 1 per cent Agricultural Market Committee Cess on Cotton and Cotton Waste in the State Budget for the financial year 2017-18. “The Committee on GST had asked all states to decide at their level the issue of the cess as GST is likely to come in force from July next. With all states already announcing sops for the benefit of the textile industry, the […]

Share: 

Indian apparel exporters dominate FIEO’s newly elected team

In the election of Federation of Indian Export Organisation’s (FIEO) managing committee members, apparel exporters took the lead as four elected exporters belong to the apparel export industry. For the post of Regional Chairman, (Northern Region) Priyanka Mittal, KRBL Limited, Noida defeated Ashwani Kumar of Victor Forgings, Jalandhar. In All India Basis context (recognized one- and two-star export house category), there were total four seats and all four went to the apparel exporters as Gyan […]

Share: 

ICAC predicts rise in cotton export from India

International Cotton Advisory Committee (ICAC), an association of Governments of cotton producing, consuming and trading countries, has predicted growth in cotton export from India in the current year. According to ICAC, cotton export from India is expected to grow 3 per cent to 990,000 tonnes in the current year, with production likely to rise by 2 per cent to 5.9 million tonnes while world cotton trade may reach 8 million tonnes in 2017-18. Also, world […]

March 7, 2017

Share: 

Communal violence in Noida (India) claims 1; over 100 garment units shut

Tension prevailed in the areas of Noida (India) Phase 3, which is home to several industries, when two groups clashed. One person has been killed as per inputs just received by Apparel Resources. In fact, the violence started yesterday when the two groups wrangled and it soon took up ‘communal colour’, and the violence soon spread to other neighbouring areas, which houses over 100 garment factories too. The Noida police, as a precautionary measure, has […]

Share: 

Indian textile and clothing industry to reach US $ 314 billion by 2025

The value of India’s domestic market for textiles and clothing is expected to reach US $ 314 billion by the year 2025 – representing average growth of 14 per cent annum over a 12-year period.This has been stated in a report in the latest issue of Textile Outlook International from the business information company Textiles Intelligence. Strong expansion of the domestic market as well as higherexports, aided by Government incentives and support policies under New […]

Share: 

Raymond confident of 20% growth in branded apparel business

India-based textile and apparel major, Raymond has expressed confidence in gaining growth in its branded apparel trade. The management of the company is also contemplating to scale up its branded business with focus on a franchisee-led asset-light model. “We will certainly grow at over 20 per cent in our branded apparel business and will reach the double-digit EBIDTA margin in the next 12-24 months,” Sanjay Bahl, Group CFO at Raymond said. Also Read – Raymond […]

Share: 

Indian Navy to procure 10 Special Operation Rigid Hull Inflatable Boats

The Indian Navy has issued a Request for Information (RFI) to procure 10 Special Operation Rigid Hull Inflatable Boats (SORs) for conduct of operations in harbour and at sea, from global manufacturers. The special operation RHIBs shall perform independent ops and provide the capability of undertaking long range missions independently without the need of a surface/sub surface/air platform as per the RFI. Also Read – Indian Army finally gets bulletproof jackets The boats should have […]

Share: 

Jharkhand (India) Govt. starts identifying land for garmenting units

Jharkhand (India) Government has started identifying land for the implementation of MoUs signed to establish garment manufacturing units during the recently held Global Investors’ Summit. 210 MoUs were signed during the Summit. Rajbala, Chief Secretary of Jharkhand is ensuring that the industries should be set up maximum on Government land and that minimum rayyat land is acquired and used for the purpose. “If rayyat’s land will be required, the Government will pay four times more […]

Share: 
1 2 3 10