Garment Sector

Govt extends duty-free cotton imports till Dec 31 to aid textile exporters

The Finance Ministry has extended duty exemption on cotton till December 2025 to ease raw material supply, support garment exporters and cushion the impact of US tariffs on RMG

India could fill gap left by China in Japan's garment market: AEPC

India has the potential to fill the gap left by the declining share of China, the largest exporter of ready-made garments to Japan, the Apparel Export Promotion Council (AEPC) said on Friday. It also said that the council is leading a high-level delegation to Tokyo to explore opportunities for boosting exports and attracting investments by engaging with leading Japanese brands and retail chains. The delegation will participate in the India Tex Trend Fair, to be held in Tokyo, from July 15-17. More than 150 apparel exporters from India will be participating to display a diverse range and variety of domestic apparel products at the fair. "The council will be taking a high-level delegation to Tokyo to explore the possibilities of enhanced trade and investment by engaging deeply with top Japanese brands and retail chains," AEPC Chairman Sudhir Sekhri said. Sekhri said that deeper engagement with the Japanese market has resulted in greater utilisation of the free trade agreement betwee

Datanomics: Imports of readymade garments from B'desh to suffer amid curbs

As on 31st March 2024, India had 12 operational land ports, out of which 6 were with Bangladesh. Two out of these six - Dawki and Sabroom became operational in 2023 and 2024 respectively

Walmart seeks India deals, but garment worker shortage blunts tariff edge

Garment exporters in India say workers have to be trained and many leave within months to work at smaller, unorganised units that allow longer hours and pay more

UK's Primark boss Paul Marchant resigns after 'error of judgement'

The group said that Marchant had cooperated with an investigation led by external lawyers, acknowledged his error of judgement

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 .

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

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

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

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

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

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

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.

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

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

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

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, 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

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.

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.

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