Garment Manufacturing

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

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

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

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

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'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

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.

Losses have mounted for garment makers in Asia, among the region's top employers, with some smaller units suspending operations

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

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

The management is expecting to acquire 100 per cent stake in the next few months to make it a wholly-owned subsidiary of Garment Mantra.

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

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

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

It identified India and Indonesia as potential recipients of manufacturing shifts and growth in terms of global apparel export share

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

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

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

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