While software and outsourcing provide India global recognition in labour intensive-services sector, in the manufacturing sector, this space is proudly occupied by apparel or readymade garments (RMG). With exports exceeding Euro 6.86 bn (exports under Chapters 61 and 62 scheduled under the Customs Tariff Act, 1975)...
India and Sri Lanka being close neighbors', enjoy an inseparable link which is reflected is almost all the aspects in both the countries. In context to the current business scenario of globalization, this intimacy proves to be a noteworthy connection in regards to the economic, and trade ties...
India is the world's second largest producer of textiles and garments after China. The 1970s brought a dramatic growth spurt to the apparel industry, which continue through 1980s to 1990s and established large, billion dollar corporation as the industry leaders which continued through the early 2000s, when smaller to medium sized apparel companies merged to become...
The appointment of Dayanidhi Maran as Union Minister for Textiles, India has raised lot of optimism among the industry following his excellent track record as the Minister of Information and Technology in the previous government. It is hoped that...
After a long winter of slowdown in Indian economy and exports, there are reports to suggest that Indian economy is looking up at least in some sectors, which would inform other sectors, too. To my mind, probably yes; or probably no...
After losing close to 5 lakh skilled workforce to the global economic downturn, the Indian apparel export sector is hoping that finance minister Pranab Mukherjee will attempt revival through the forthcoming budget. In a pre-budget meeting with the Union finance minister on Tuesday...