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GARMENT INDUSTRY LOSSES
Extreme heat dents productivity at India garment factories supplying global brandsIndia's garment factories face severe heat challenges. Productivity drops up to 10% affect global brands like Uniqlo and Marks & Spencer. H...- No Santa for exporters this Christmas: Iran war disrupts supply chains, stretches transit times to 60 days, threatens marginsIndian exporters say longer shipping routes, rising input costs, and delayed payment cycles are squeezing margins and putting pressure on d...
- Too hot to handle: Heatwave in North India slows textile, rice supply chainsNorthern India's blistering heatwaves are wreaking havoc on vital industries, significantly hampering the trade of Basmati rice and textile...
- Why the saree needs revival, not constant reimaginationAs a timeless representation of Indian culture, the saree is calling for a renaissance. Despite its survival through the ages, there's a si...
- Diesel crunch leaves Indian truckers stranded in roadside linesTruckers across India are facing long waits for diesel as private fuel stations have cut sales or raise prices. State-run companies are str...
- India–New Zealand sign 'once-in-a-generation' FTAIndia and New Zealand signed a “once-in-a-generation” free trade agreement on Monday that gives New Delhi duty-free access to 100% of tarif...
- Bangladesh's textile industry feels regime change heatBangladesh's textile industry, which accounts for 84% of the country's foreign exchange earnings, is facing a crisis. Ananta Jalil, a promi...
- CITI warns of job losses, economic impact from proposed GST hike on garmentsProposed GST increases on garments worry the textile industry. The Confederation of Indian Textile Industry warns of job losses and economi...
- Post-revolution Bangladesh protests cost garment industry $400 millionBangladesh's garment industry experienced significant disruptions and $400 million in losses due to student-led unrest, but stability has r...
- Bangladesh garment industry faces crisis amid political unrest and floodsThe garment industry in Bangladesh has been severely affected by political turmoil and catastrophic flooding. Factories have faced closures...
- Middle-men, traders creating havoc by pushing up price of cotton: Exporters11 per cent total import duty existing on cotton has been the reason for the cartelisation of players to increase the domestic cotton price...
- Apparel apex body urges government to impose levy on imported garments to survive COVID-19 crisisAccording to the submission made to the textile ministry and ministry of commerce and industry, the apex body has suggested a short-term du...
- Trade unions fear job losses, sound out state government to save small firmsThere are about 600,000 garment workers in the city. Job losses or wage cuts will impact the economy as the working class is already anxiou...
- City garment Inc stares at major losses as exports nosediveIn one of the worst downfalls registered this year, the exports from the country have fallen by more than Rs 3,712.67 crore in the month of...
- Continue excise duty exemption on branded garments: CMAI"We have urged the government to continue excise duty exemption on branded garments for healthy growth of the organised sector."
- Good deal for garment workers to benefit Awami League in poll-bound BangladeshDespite near doubling of wages, if Bangladesh can hold its own in the hypercompetitive garment export industry, it will be a victory for ev...
- Retail industry incurs Rs 500-cr loss due to strikeThe govt in its budget proposal had imposed a 10% excise duty on branded retail, making branded apparels costlier by 10-15% even as it plan...
- Safeguard duty on acrylic fibre on the anvilThe government plans to impose a 20% safeguard duty on imported acrylic fibre to protect the domestic industry from a sudden spurt in impor...
- Cash flows makes task easy for ITCITC’s latest acquisition may seem like an extension of its presence in the agri-inputs space.
- Garment sector to wear 10% capital subsidyThe garment sector, undergoing a difficult time due to rupee appreciation, is in for a major help.
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