V-Mart starts inventory purchases after six months

V-Mart, India’s largest chain of smaller-sized fashion stores, said it has started purchasing fresh stock from its suppliers after nearly six months of freeze on garment procurement. The company was hit hard when a nationwide lockdown was imposed by the central government in late March to control the spread of COVID-19, particularly as it had […]

Domestic textile market to remain subdued in 2020 – Arvind Ltd

Arvind Ltd, one of India’s biggest textile and garment manufactures, said its business revenue was down about 37% in August compared to the previous year due to the impact of the Coronavirus lockdown and it expects domestic market to remain subdued till early 2021. Revenue in August was at Rs 414 cr in August, compared […]

GHCL launches two new brands of bedding products

GHCL, one of India’s leading manufacturers of home textiles launched a traceable Egyptian cotton bedding brand called Nile Harvest. The products will be sold mainly in the US and UK markets. The company has partnered with Tailorlux GmBH of Germany to use its IntegriTex technology for the marking and traceability of Egyptian cotton. The firm […]

KPR Mill to enter branded retail business

KPR Mill Limited, which makes yarn, garments and sugar, said it has decided to enter into what it called ‘branded retail business’. “We wish to inform you that KPR plans to enter into branded retail business,” the company said in a regulatory filing. “(We have) initiated building up the retail business team,” it said. However, […]

Arvind Ltd has strong Q4, despite margin softness in textiles

Arvind Limited, one of the largest integrated textile and branded apparel players, reported an improved set of results for the Jan-Mar quarter, boosted by strong revenue growth. Pretax profit rose by Rs 32 cr (29%) on year to 142 cr. This was also 57% higher compared to the preceding quarter. Higher tax expenses (Rs 26 […]

Arvind Ltd ties up with Adient to manufacture auto-seat fabrics

Textile and garments maker Arvind Ltd said it set up a joint venture with global auto-seat specialist Adient to manufacture automotive seat fabrics in India. Adient Arvind Automotive Fabrics will be based in Ahmedabad, India, and will supply materials both to Indian and foreign customers of Adient. “The joint venture will benefit from synergies between […]

India’s garment industry suffocates under GST bottlenecks

Apparel Export Promotion Council of India has sounded alarm on the continued decline in apparel production in India and said India won’t be able to meet the garment export target of $20 bln this year. “If the capital blockage continues and the cost competitiveness of the industry is not restored, the slippage in exports will […]

TT to set up mega garment plant in UP to move from textiles to garments

TT Ltd said it has decided to set up a mega garment plant in place of Spinning Machinery at Gajroula in Uttar Pradesh. The move is part of its attempt to diversify from textile making to making garments. “TT is exiting from spinning and entering the garmenting and fabric business on a massive scale,” the […]

Rupa underwear brings ‘Fruit of the Loom’ to India

Rupa & Company, one of India’s largest knitwear manufacturers, said it is launching ‘Fruit of the Loom’ underwear brand in India. Fruit of the Loom, based in Kentucky, is one of the largest manufacturers and marketers underwear, T-shirts and fleece in the world. The company will launch 87 styles across the men’s & women’s range […]

Garment exporters seek better ‘zero rating’ under GST

Representatives of apparel exports met commerce minister Suresh Prabhu and sought certain changes in the tax reimbursement scheme under the current Goods and Services Tax regime. Apparel exporters are eligible for reimbursement of various state and central taxes under two schemes meant to promote exports: Rebate of State Levies (ROSL) and Drawback (DBK). However, they […]

Raymond opens Ethiopia factory to cut costs, easy access to US, EU

Textiles and garments brand Raymond inaugurated a garment manufacturing plant in Ethiopia to gain duty-free access to the US and European markets. The plant was set up at a cost of Rs 100 cr and will employ over 2500 people in the first phase. More people will join later, the company said. Ethiopia also gives […]

Raymond shareholders reject sale of JK House flats to promoters

Shareholders of Raymond Ltd rejected the sale of apartments in the company’s headquarters JK House to certain promoters. Chairman of the company Gautam Singhania had urged shareholders to vote against the resolution as the sale of the apartments would cause losses to the company as a whole. Four duplex flats were let to four members […]

Apparel exporters bemoan rising rupee, seek support

Indian apparel makers have sought government intervention to stabilize the rupee, which has been rising in recent months, in stark contrast to the situation in other countries that compete with India in exporting garments. “Other countries started taking recourse to depreciating their respective currencies during the last one-and-a-half years, whereas Indian Rupee got appreciated,” complained […]

Industry welcomes move to include made-ups in apparel package

The industry has welcomed the move by the government led by Narendra Modi to extend support to the made-ups export industry and said it would help the sector break out of its current slump. The cabinet had yesterday included the made-ups sector in the Rs 6,000-cr apparel package unveiled in June this year. Made-ups include […]

Nike starts online sales in India

US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com. India-based users can now order from the global portal and have it home delivered. Earlier, only certain markets such as Australia, Hong Kong and Indonesia were being served by the online division of the company, arguably the world’s biggest […]

Aditya Birla´s fashion and retail unit ties up with UK luxury brand Ted Baker

Aditya Birla Fashion and Retail Ltd said it entered into agreement with UK based fashion brand Ted Baker. Ted Baker London is a British luxury clothing retail company. “We are happy to join hands with Ted Baker and build a strong presence for the brand with Indian consumers. This partnership will enable our consumers to […]

V2 Retail opens its 32nd store in Sitamarhi, Bihar

Value retailer V2 Retail Ltd. said it has opened a new retail store at Sitamarhi, Bihar. By this launch V2 retail currently has 32 operational retail stores across the country. V2 Retail Limited is a retail company in India. It offers more than 70,000 products including ready made, apparels, household merchandise and other consumer goods […]

Ranveer Singh’s rap song for Jack & Jones campaign to go live tomorrow

Bollywood´s peppy boy Ranveer Singh will promote the international fashion wear Jack & Jones new campaign “Don´t hold back”. The fashion brand has chosen the Bajirao Mastani actor as their new brand ambassador. And the fashion star along with the brand has already made a rap song to kick start the campaign which is entirely […]

Nandan Denim to issue 50 lakh warrants at Rs 200 each

Nandan Denim Limited (NDL), a Gujarat- based fabric manufacturer, said it is planning to issue 50 lakh convertible warrants to foreign investors at Rs 200 each, aggregating to Rs 100 cr. “The company will be issuing 25 lakh fully convertible warrants each to Foreign Portfolio Investors, LTS Investment Fund Ltd and LGOF Global Opportunities Ltd […]

Mumbai based company claims to make water-absorbing synthetic fabric

A Mumbai based company, Fiberweb India, has claimed to have setup facility to modify water repellant properties of polypropylene fabric and transform it into a water absorbing (hydrophilic) substance. Polypropylene, like most petroleum-based synthetic fibers, repels water. This property, while useful in some cases, also makes it unsuitable in other use-cases, such as in making sanitary napkins, […]