Page 3 - Garment Manufacturing

Covid-19 to shave off over a third of apparel retailers' revenues

While operating profitability is likely to be impacted by around 200 bps, absolute fall in operating profits will be much sharper, necessitating additional funding

Satyender Jain tests negative for Covid-19; discharged from hospital

The 55-year-old minister was shifted to the ICU of Max Hospital, Saket, on June 19 after his condition worsened

Home furnishing units will recover faster than garments: CRISIL SME Tracker

While demand for the home furnishings segment (SME share is 70-80 per cent of Rs 700 billion) is expected to decline as well, we expect the segment to pick up sooner than garments

Only 22% garment units running despite easing of lockdown, says survey

The units are mostly operating at 25% capacity, and many of them are making masks and PPEs to cash in on the Covid-19 market

UP maps migrant skills, aims to clones textile story of Vietnam, Bangladesh

Over 12,000 workers found to be trained in garment making and tailoring so far; more than 2.3 million have returned to UP from different states

Garment units at Tirupur get go-ahead, will resume operations on Wednesday

Industry to commence production at 25% capacity for next few weeks; liquity a greater issue than manpower availability

Garment manufacturers urge govt to support garment retailers, traders

The additional loans backed by the government guarantee and requiring no collateral or guarantee of the MSME, will enable many of its members to get the much-needed working capital assistance

Tamil Nadu industries resume production, slow and steady

Automobile companies use half of their workforce and ensure social distancing as lockdown is eased

Tirupur garment units may not resume work before May 6 over scrutiny issues

District admin portal being updated, go-ahead only for for exporting units, buying offices, export offices and export-related job work units

Bangladeshi garment export faces $6 bn hit as world retailers cancel orders

Garment exports accounted for $34.12 billion, or 84% of the country's overall exports of $40.53 billion, in the fiscal year ended June 30, 2019.

Cabinet okays extension of tax rebate scheme for export of garments

Under the scheme, maximum rate of rebate for apparel is 6.05 per cent, while for made-ups, this goes up to 8.2 per cent