Page 2 - Garment Sector

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

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

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

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

The issue garnered more than 250,000 applications

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

Raymond zooms 13% to a new 52-week high; stock up 33% in one week

Raymond convened shareholders meeting on December 27, 2021 to approve the scheme of arrangement of Raymond Apparel (demerged company) and Raymond (resulting company) their respective shareholders

Udaan aims to have 100 exclusive brands in tie-up with small garment makers

Udaan exclusive brands have been specially created to help and empower small businesses - including manufacturers and retailers of Bharat to compete with established brands

Sizing up garments with 3D technology

Global designers and clothing brands are increasingly using sophisticated tech tools such as artificial intelligence and machine learning to clothe their customers with the right fit

Arvind Ltd's Q1 loss narrows to Rs 11 cr from nearly Rs 100 cr a year ago

Better show on account of growth in exports and signs of recovery in domestic markets

Govt approves extension of RoSCTL scheme till 2024 for textiles exporters

Garment exporters will continue to get a rebate on central and state taxes on their outward shipments as the government on Wednesday approved extension of RoSCTL scheme till March 2024.

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

Apparel exports rise 10.22 % to $1,190 mn in Sept as sector sees recovery

Industry representatives believe this is an indication that the sector has begun its V-shaped recovery and the situation would get better

Garment exports begin to see revival, September fall lowest in 5 months

Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent

Unlock: Major garment export factories back to 60-80% capacity utilisation

The development comes months after shipments were kept on hold by international customers due to lockdown imposed in their respective countries

Lockdown-hit Arvind Ltd posts Q1 consolidated loss before tax of Rs 156 cr

Consolidated income during the quarter fell by nearly 69 per cent to Rs 603.22 crore from Rs 1,917.21 crore in Q1 of FY20

Study paints grim picture for garment sector with likely job cuts, closures

74% of its respondents see a 90% drop in sales for the quarter ending June 2020

Readymade garment makers to see 25-30% fall in revenue in FY21: Crisil

For exporters, the fall will be more because of tepid discretionary spending in the US and European Union, which account for 60 per cent of India's RMG exports, it said

Covid-19: Punjab's garment industry sees 70% drop in orders for winter wear

Unlike previous years when garment manufacturing units would work at full steam during this time of year, most factories are running at just 30-35% capacities

UK lawmakers, retailers call for action against exploiting garment workers

The letter was published following media reports of workers being paid below the UK minimum wage

UP to bring industry chambers on board for providing jobs to migrants

So far, the state has evacuated more than 2.5 mn stranded workers