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Building upon a recent "constructive" meeting between their leaders in the Maldives, senior officials of India and Pakistan Monday held talks to firm up timelines for complete normalization of trade ties, with Islamabad urging New Delhi to have "faith" in the ongoing process of removing barriers...
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| Union Finance Minister Pranab Mukherjee Wednesday said India's economy is in a 'difficult situation' because of slowing growth, stubborn inflation and a widening fiscal deficit, but its basic fundamentals are strong. 'The economy is in a difficult situation but that does not ...
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| Commerce and textiles minister Anand Sharma has appealed to the finance minister Pranab Mukherjee for restructuring of textile companies’ loans as well as for extending a 2 per cent interest subvention for SMEs and bigger garment and knit-wear units. If the proposal is approved, it would help textiles mills hit by high raw material costs and slowing global economy affecting the order books...
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Cotton experts have lowered their estimates for cotton production for next season as falling prices lead farmers to focus on alternative crops - but say rising mill use and lower cotton prices could fuel a rebound in world cotton trade...
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A row had reportedly broken out between Marks & Spencer and its suppliers over plans to make them contribute towards its GBP600m store refurbishment programme. M&S had asked its major suppliers to pay 1.25% of their annual sales with the retailer towards its store revamp programme...
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Trade union leaders in Pakistan are calling for the implementation of a living wage and changes to the country's labour laws - and say they will resort to strikes and protests if the Government refuses to accept their demands. Their concerns follow two days of meetings in Islamabad involving five trade union federations affiliated with International ...
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Retail News |
Arcadia Group, the owner of the Topshop, BHS, and Dorothy Perkins brands, has revealed plans to close some 250 stores over the next few years as their leases expire. The move was announced recently as the company said pre-tax profits dived 37.6% to GBP133.1m for the year ended 27 August, from GBP213.2m in the prior year...
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Global apparel brand s.Oliver that entered India in 2007 has a well-chalked out plan to gradually spread retail footprint to the metros. As Kunal Pant, Head, Design and Buying, s.Oliver Fashions India explains, “The brand’s journey in India began with the opening up of a store in Delhi and another small store in Mumbai...
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The Government is mulling over allowing 100 per cent FDI in single-brand retail stores by introducing some new riders to appease political parties. The Cabinet’s decision of allowing 51 per cent FDI in multi-brand retail has been put on hold till it reaches a political consensus...
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Eco News |
The consumption of organic cotton all over the world has shown a robust growth of 20% during 2010. Neither the recession nor unstable economies have put a damper on the fast-growing organic textiles industry, according to a report, which shows the sector grew by 20% to an estimated $5.61bn in 2010...
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To its dismay, research commissioned by Greenpeace International has found traces of toxic chemicals in major clothing brands. Environmental pressure...
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DuPont's Sorona polymer, which is made from renewable plant sources such as corn, has been awarded the stringent Oeko-Tex Class 1 certification which allows it to be used in textiles and clothing used by infants and toddlers...
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Corporate News |
Mimaki India (MKIPL) has tied up with Texfab, the leading loop steamer manufacturer from India. Vinod MD of Mimaki says that Texfab has experience, knowledge and the right set-up to produce quality solutions as required by Indian customers for large volume digital printing set-up. The digital printers need volume steaming and custom options which Texfab would provide. Texfab will provide all loop steamers as OEM to Mimaki to market to companies requiring steaming solutions irrespective of the brand they invest in. Texfab will also look at producing other auxiliaries for Mimaki, if required.
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