The Tiruppur knitwear export hub has swung export orders worth ₹450 crore in the last two weeks from Bangladesh in the wake of the political unrest there. Global brands like KiK from Germany, Zeeman from Netherlands, and Pepco of Poland, among others, placed orders to be delivered before the Christmas and New Year and the…
Bengaluru-headquartered Techno Sportswear has raised $ 25 million (about Rs 208 crore) from the investment fund A91 Partners, according to people briefed on the transaction. The company manufactures performance wear targeted at the masses and markets its sportswear apparels under the brand name Technosport. This is also the first fundraise, sources added. The company, which…
The Tiruppur apparel industry is on the brink of a labour crisis as thousands of migrant workers from Uttar Pradesh are returning to their homeland amid increasing job opportunities there, particularly after the inauguration of the Ram Mandir in Ayodhya. Migrant workers constitute half of the estimated 600,000 workers at apparel units in this textile…
