Garment Sector

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

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

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'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 aims at capacity expansion and increased infrastructure and facilities to meet growth in demand.

Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24.

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

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

High cotton rates have denied them export opportunity created by drop in Chinese shipments

The last few days had seen prices of cotton rising in India with reports of a Russian invasion

The issue garnered more than 250,000 applications

Credit outlook largely stable for cotton yarn and readymade garments players

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

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

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

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.

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

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

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