An Indian footwear trade body has requested finance minister Arun Jaitley to reduce the high excise duties imposed on non-leather footwear in the latest Union Budget. The All India Footwear Manufacturers and Retailers Association (AIFMRA) ...
Arvind Lifestyle, which acquired the Indian franchise rights of UK retail chain Debenhams in 2012, is planning to shutdown the Debenhams stores in India and work on a new strategy. Arvind Lifestyle, a subsidiary of denim major Arvind ...
Tags: Arvind Lifestyle, denim
Mumbai-based private equity firm Kedaara Capital has forayed into the packaging sector by investing close to $32m (Rs 200 crore) in an unlisted folding cartons and paper packaging company, Parksons Packaging. The company said that it ...
Tags: folding cartons, paper packaging, Packaging
American chocolate manufacturer Mars’ Indian unit is planning to invest INR1,005 crore ($160m) to establish its first manufacturing plant in Pune, India. Mars International India has now signed a MoU with the government of ...
The government of India is planning to allocate 17 food parks to various companies towards the end of this month, which is expected to attract total investments of more than INR2,100 crore. India's food processing minister Harsimrat Kaur ...
Tags: Food Parks, food processing
Madura Lifestyle managed premium apparel brand Allen Solly, which has been growing at a CAGR of 34 per cent since the last three years, is eyeing sales of Rs 1,000 crore for the 2015-16 fiscal. According to media reports, Allen Solly ...
Tags: Apparel, Allen Solly
India’s biscuit maker Britannia Industries is set to increase exports and eyes joint ventures, acquisitions as part of its strategy to enhance its manufacturing capacities in the Middle East. Britannia managing director Varun Berry ...
Minister of State for Textiles Santosh Kumar Gangwar inaugurated a Weavers’ Service Centre at Toluvi in Northeastern state of Nagaland, and also laid the foundation stone for Apparel & Garment Making Centre at Dimapur, also in ...
Tags: Textiles Minister, Apparel, Garment
The Board of Directors of Grasim has approved the proposed merger of the Aditya Birla Chemicals (India) Limited (ABCIL), another Aditya Brila Group company, with Grasim. Grasim’s Board of Directors approved the swap ratio of 1 ...
Tags: Aditya Birla Chemicals, Grasim
Brand & Retail, the branded apparel segment at textile and denim major, Arvind Ltd witnessed sales surging 21.1 per cent year on year in the third fiscal quarter ended December 31, 2014. Net sales for the third quarter of fiscal 2015 in ...
The governor of the state of Jammu & Kashmir (J&K), NN Vohra has requested the Centre to hike customs duty on raw silk imports to 30 per cent. “The governor approached the minister of state for textiles, Santosh Kumar Gangwar to ...
Exports from Tirupur, known for knitwear manufacturing, has reached Rs 15,000 crore in the first nine months of the ongoing fiscal year 2014-15, A Sakthivel, president of Tirupur Exporters’ Association (TEA) said in a statement. ...
Gross retail turnover at specialty stores retailer, Shoppers Stop Ltd (SSL) lifted 7.23 per cent year on year in the third fiscal quarter ended December 31, 2014. SSL said its gross retail turnover stood at Rs. 844.77 crore for the ...
Tags: Shoppers Stop, Mothercare, Apparel
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved continuation of mandatory packaging of foodgrains and sugar in jute material to the minimum extent of 90 percent and 20 percent ...
Tags: foodgrains, sugar, Textile
Apparel brand Van Heusen plans to expand its exclusive brand outlet (EBO) count by 50 this year, which will take the store numbers to 300, a senior official of the company said. Vinay Bhopatkar, COO of Van Heusen told reporters, “We ...
Tags: ecommerce, standard discounts, Apparel