Mr Doug McMillon, CEO Walmart met the Commerce, Industry & Textiles Minister during the World Economic Forum Annual Meeting 2013, at Davos. During the meeting, CEO Walmart conveyed that they are studying the conditions in India. He was ...
Tags: Walmart, foreign direct investment, Textile
Fuyao Glass, the world's second-largest auto glass maker by sales, expects to see strong overseas sales growth in the years ahead with Europe and South America leading the way, according to its corporate chairman. "The European debt ...
Tags: Fuyao Glass, Europe, South America
Several international retail brands are planning to invest in Indian textile sector as the Central Government has announced many incentives, including tax exemptions, to the textile and garment industry in the Union Budget 2013-14. ...
Tags: FDI, Indian Textile Sector, textile
Indian textile and apparel manufacturers are expecting boost for the sector as Union Budget 2013-14 has opened new opportunities for investments in the domestic as well as international market with reduced excise duty on branded garments, ...
Tesco PLC and Sainsbury – two well-known British supermarket chains – have applied to the Indian Government for opening sourcing centres, Minister of Commerce and Industry Anand Sharma has said. Speaking to reporters on the ...
Tags: retail operations, Supermarket Chains, opening sourcing centres
In January this year, foreign direct investment (FDI) into China (excluding the banking, securities and insurance sectors) declined by 7.3 percent year on year to $9.27 billion, as announced by China’s Ministry of Commerce (MOC) on ...
Tags: Chinese manufacturing, investment, manufacturing sector
Hennes & Mauritz (H&M), the world’s second-largest apparel retailer, has begun process of filing its application with the Government of India seeking permission to open wholly-owned single-brand retail stores in India. H&M CEO ...
Tags: Apparel Retailer, H&M, India Entry
In a bid to gain higher self-sufficiency in raw material, Mumbai-based textile conglomerate Welspun India plans to enhance cotton and yarn production at its two Gujarat-based plants, and plans to spend over Rs. 10 billion to achieve this ...
Tags: Welspun, textile conglomerate, cotton and yarn production
The increasing number of consolidations and in-licensing agreements between Multinational Corporations (MNC) and Indian companies highlights the growing significance of the country’s pharmaceutical market, states business intelligence ...
Four global garment and home-textile brands are awaiting the approval from the Foreign Investment Promotion Board (FIPB) for setting up single-brand retail stores in India under its foreign direct investment (FDI) policy. The FIPB may ...
Several Italian brands, including Moschino, Alberta Ferretti, Byblos and Scorpian Bay, are stitching up plans to enter the Indian luxury market by collaborating with local companies. In a conversation with fibre2fashion, operations ...
Tags: Luxury Brands, Plans, Indian Market
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
The Commerce, Industry and Textiles Minister Shri Anand Sharma, who is on a two day visit to Mauritius, had a meeting with the Hon. Navinchandra Ramgoolam, the Prime Minister of the Republic of Mauritius today at Port Louis. Shri Sharma ...
Tags: India, Mauritius, Cooperation, Textile Sector
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
CHINA'S currency will continue to rise this year with its internationalisation developing at a rapid pace, HSBC's currency analysts say in a report released yesterday. In its latest worldwide currency outlook, HSBC says it expects to see ...
Tags: Yuan, currency, currency research, exchange rate