Page 2 - Garment Manufacturing

Govt extends export incentive scheme for apparel, garment till March 2026

The government on Thursday approved the continuation of an export incentive scheme - RoSCTL - for apparel, garments and made-ups up to March 31, 2026. The Rebate of State and Central Taxes and Levies (RoSCTL) scheme is aimed at compensating for the state and central taxes and levies in addition to the rebate provided under duty drawback scheme on export of apparel/garments and made-ups. "The Union Cabinet chaired by Prime Minister Narendra Modi approved the continuation of scheme for RoSCTL for export of apparel/garments and made-ups up to March 31, 2026," an official statement said. It said that the move will provide a stable policy regime which is essential for long-term trade planning, more so in the textiles sector where orders can be placed in advance for long-term delivery. "The continuation of RoSCTL will ensure predictability and stability in policy regime, help remove the burden of taxes and levies and provide level-playing field on the principle that goods are exported an

Bengal's garment industry buyers; sellers meet generates Rs 850 cr biz

The 55th Garment Buyers and Sellers Meet of WBGMDA generated an estimated Rs 850 crore in business transactions in wholesale deals, an official said on Friday. Over 900 national and international brands participated in the three-day event of the West Bengal Garment and Manufacturer and Dealers Association (WBGMDA), a statement said. "This industry already boasts one of the largest workforces in the country, with over 50 lakh employees engaged directly or indirectly," said Hari Kishan Rathi, president of WBGMDA. "The Rs 850 crore in business transactions, driven by participation from 900 national and international brands, reinforces the potential of this meet to elevate Bengal's readymade garment industry. We are deeply grateful for the government's continued support for the textile and garment sector, particularly in promoting clothing businesses and marketing opportunities," he said. The association has requested the state government for land for a dedicated showroom hub for garme

Women-run garment manufacturing unit to open in Raipur by early next year

The factory to employ 1,000 women in the first phase will later be expanded to generate employment for over 2,000 women

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

Gokaldas Exports hits 20% upper circuit on Atraco acquisition

With this acquisition company will gain access to low-cost duty-free locations for manufacturing.

Page Industries profits fall 24% in Q1 on poor demand, profits at Rs 158 cr

Page Industries, which licenses innerwear and loungewear brand Jockey International's products in India, reported a nearly 24% fall in first-quarter profit on Thursday, as softer demand weighed

Uniqlo to expand its manufacturing bandwidth through 20 partners in India

Uniqlo has multiple production partners in India and is looking to expand this network through a large investment; CEO Tadashi Yanai says he wants Uniqlo to become the "best-selling retailer in India"

Inventor of blue jeans Levi Strauss & Co channels a new water-saving idea

As part of a wider water-saving effort, the San Francisco-based company, which invented blue jeans in 1873, has become an early pioneer of a method known drily as "contextual water targets"

Supported by PLI, export of electronic products overtake garment exports

Data released by the commerce department estimates that the exports of electronic products may have increased over 50 per cent in the financial year 2022-2023 to $23.6 billion

Welspun India seeking opportunity in kids segment through pact with Disney

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray

Chhattisgarh: Readymade garments business thrives in insurgency zone

Over 1,000 women are associated with "Dannex" or Dantewada Next, the unit engaged in manufacturing readymade garments

RMG exports fail to touch pre-Covid level; slowdown concerns remain

In November and December 2022-23, RMG exports saw a rise of 12 per cent and 1 per cent respectively

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

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

High cotton prices to spoil apparel stocks' outlook in near-term: Analysts

At the bourses, shares of textile stocks like KPR Mills, Welspun India, and Vardhman Textiles have tumbled up to 45 per cent so far this year.

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

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

Why is Ludhiana's apparel industry staring at losses?

Ludhiana's apparel industry, which churns out most of the country's readymade garments, is losing revenue. Two months of lockdown in China's Shanghai has brought the industry on its knees.

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

Covid cuts Tirupur garment hub biz, 10% orders go to other nations

According to Tirupur Exporters' Association, the industrial belt has seen a production loss of about Rs 10,000 crore during the last two months due to stoppage of manufacturing

Factory reset: Okhla MSMEs limp back, garment units still ailing

Export logistics are troubling many industries. While some are facing container shortages, others are looking at increased freight costs in key markets