Representative Image The global demand for ethically produced garments has been growing and this has pushed textile players in India to adopt more eco-friendly measures. Environment, social and economic factors are also driving the need to develop relevant skills, said JD Giri, Director at Shahi Exports. Such skill development is gaining momentum as globally, players…
LV Vaidyanathan New Delhi: Essential wear company Modenik Lifestyle has appointed former P&G India MD, L.V. Vaidyanathan as its executive chairman, it said in a press release on Tuesday. Vaidyanathan will take over from Sunil Sethi who will retire from the company on July 31. Sethi will continue to serve on the Board of Directors…
Representative Image India’s government is likely to announce fiscal incentives for the ailing textile and apparel industry by the end of this year, partly to stave of the impact of a fall in overseas orders, a trade body said on Wednesday. The incentives could come under the production linked incentive (PLI) scheme that promises billions…
Ripples from the recession in Europe and the US continue to rock Gujarat’s textile and chemical sectors. The clouds of job losses are looming over these labour-intensive industries. A bad debt cycle triggered by low demand, shrinking working capital, high input costs and stretched payment cycles has forced companies to cut costs. The textile industry…
