Home / Knowledge / News / Apparel/Garments / Sunshine Knitwear folds up
Sunshine Knitwear folds up
Mar '09
Sunshine Knitwear Ltd, located in Tejgaon closed down its plant on March 23 and in the process laid-off, 1,600 workers, due to continuously incurring losses for the last few months. This has happened more so due to the economic crisis across the globe.

Sunshine Knitwear Ltd. is a 100% export oriented composite knit garments unit, with a production capacity of 700,000 units per month, equipped with the most modern machinery. It produces garments for men, women and children.

Fibre2fashion spoke to official sources in the company who said that the factory had shutdown and production had stopped and that the office will continue to function till March 31. Reasons for the delay, according to the sources was declining orders, labour unrest and low margins

The slowdown due to the crisis resulted in orders falling drastically and also due to the fact that international buyers were demanding low prices, which the company was not able to comply with due to its own constraints of cost of production.

The only saving grace is that the company has paid all the arrears to its workers, before closing down the manufacturing unit. The company has also been affected due to frequent strikes by the workers of the unit who have struck work on five occasions in the last three years.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Interviews View All

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search