Manufacturing – Apparel Resources

FBCCI urges law enforcement to strengthen factory security

Apparel Resources News-Desk — Wed, 14 Aug 2024 12:38:43 +0000

In the face of persistent difficulties, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) called on law enforcement to strengthen security measures for the country’s industries and business enterprises on 13th August. The business association stated that investors’ trust will return if the state of law and order improves. FBCCI President Mahbubul Alam […]

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Ambika Cotton Mills releases Q1 results

Apparel Resources News-Desk — Tue, 13 Aug 2024 17:12:18 +0000

Ambika Cotton Mills announced its Q1 results on August 9, 2024. The company reported a 5.79 per cent decline in revenue year-over-year (YoY), but managed to achieve a 3.76 per cent increase in profit YoY. Compared to the previous quarter, revenue rose by 1.6 per cent, while profit surged by 33.81 per cent. Selling, General […]

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Cotton Prices increase as Punjab, Haryana, and Rajasthan report significant declines in acreage

Apparel Resources News-Desk — Tue, 13 Aug 2024 17:00:23 +0000

Cotton prices rose by 1.07 per cent, reaching Rs. 56,900 per candy. This increase is due to a major reduction in cotton acreage in key Indian states. Punjab, Haryana, and Rajasthan saw their cotton fields drop to 10.23 lakh hectares from last year’s 16 lakh hectares. Punjab’s cotton area fell sharply to 97,000 hectares, down […]

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Telangana CM pitches Warangal Textile Park to Korean investors

Apparel Resources News-Desk — Mon, 12 Aug 2024 16:44:40 +0000

Chief Minister A. Revanth Reddy, currently touring South Korea, promoted Telangana’s Mega Textile Park in Warangal as an ideal investment destination for Korean textile companies. Speaking at a business roundtable organised by the Korea Federation of Textile Industry (KOFOTI), Revanth Reddy highlighted the park’s potential for industry leaders’ gatherings. The event saw participation from prominent […]

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Loyal Textile Mills Q1 results show revenue drop of 31.6 per cent and loss increase of 39.1 per cent YoY

Apparel Resources News-Desk — Mon, 12 Aug 2024 16:05:55 +0000

Loyal Textile Mills announced their Q1 results on 9th August 2024. The company reported a 31.6 per cent year-on-year decline in revenue, while losses increased by 39.1 per cent YoY. Compared to the previous quarter, revenue fell by 2.33 per cent, and losses rose by 2.17 per cent. The company saw a 3.19 per cent […]

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DCCI urges for law-and-order restoration, revival of economic activities

Apparel Resources News-Desk — Mon, 12 Aug 2024 12:35:53 +0000

The Dhaka Chamber of Commerce & Industry (DCCI) welcomed the interim administration and has called for the prompt reinstatement of peace and order as well as the resuscitation of economic activity. “We urge all stakeholders, including the interim Government, private sector, and political parties, to work together to overcome the consequences of recent damages through […]

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Bhilwara yarn mills facing disruptions due to Bangladesh crisis

Apparel Resources News-Desk — Mon, 12 Aug 2024 11:18:14 +0000

The textile sector in Rajasthan’s Bhilwara district is facing a severe crisis as a result of the political unrest in Bangladesh. Bhilwara has been exporting 50% of its yarn and denim to Bangladesh for years, but the latest tensions in the nation are causing serious problems. These commodities are expected to be worth a total […]

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Women overrepresented in low-paying jobs including in textile and apparel manufacturing, says study

Apparel Resources News-Desk — Mon, 12 Aug 2024 11:09:19 +0000

Although they make up 43 per cent of the workforce in India’s unorganised industrial sector, women mostly labour in low-wage, low-quality jobs. Additionally, there are 947 proprietary set-ups for every 1,000 unorganised businesses in India, with 718 led by males and 229 by women. This means that women-led proprietorships make up just 25 per cent […]

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Ludhiana textile industry sees opportunity in Bangladesh crisis

Apparel Resources News-Desk — Mon, 12 Aug 2024 10:05:38 +0000

The global textile industry is concerned about the continuous political upheaval and crises in Bangladesh, yet this new scenario has created a huge “growth opportunity” for the domestic textile industry in Ludhiana. Industry experts surmise that international purchasers may seek out alternate markets as a result of supply chain disruptions, delivery schedule delays, and general […]

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India’s leather and footwear industry poised for massive job growth, says Piyush Goyal

Apparel Resources News-Desk — Sat, 10 Aug 2024 14:37:42 +0000

Union Minister of Commerce & Industry Piyush Goyal has announced that India’s leather and footwear industry has the potential to create 1 crore jobs, up from the current 40 lakh. Speaking at the inauguration of the 8th India International Footwear Fair in Delhi, Goyal emphasized the industry’s capability to expand both domestically and internationally. Goyal […]

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Army forms task force, conducts patrols to ensure industrial security

Apparel Resources News-Desk — Sat, 10 Aug 2024 13:12:15 +0000

To improve security in Ashulia, a district of Dhaka that is home to several industries, the Bangladesh Army has established a task force and is patrolling the region. Colonel Abu Mohammad Mohiuddin of the Savar Cantonment stated that this action is intended to protect worker safety and avoid disturbances in the region’s major industrial zones. […]

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Exporters optimistic about loss recovery after interim Government formation

Apparel Resources News-Desk — Sat, 10 Aug 2024 12:48:27 +0000

Exporters are optimistic that the new interim Government, led by Prof Muhammad Yunus, will enhance buyers’ confidence and increase orders due to the Nobel laureate’s positive reputation in the West, a key market for Bangladesh’s exports. They believe they may recoup the losses from the disturbances generated by the large-scale student movement that eventually resulted […]

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“On-demand label printing cuts costs, prevents delays” – Muthu Subramanian, GM, Avery Dennison India Pvt. Ltd

Dheeraj Sharma — Sat, 10 Aug 2024 12:01:29 +0000

Innovative labelling solutions, though a small part of the overall product cost, offer unparalleled accuracy, sustainability and brand enhancement. Muthu Subramanian, GM of Avery Dennison India Pvt. Ltd., a global leader in materials science and digital identification solutions, highlighted how their extensive portfolio of RFID and intelligent labelling solutions addresses the industry’s need for greater […]

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Madhya Pradesh is the ideal destination for the garment industry, says Chief Minister

Apparel Resources News-Desk — Sat, 10 Aug 2024 11:20:38 +0000

Chief Minister Dr. Mohan Yadav has emphasised that Madhya Pradesh is an ideal destination for investors and industrialists in the ready-made garment sector. He highlighted the significant increase in cotton cultivation in the state, noting that Madhya Pradesh produces high-quality cotton, which has driven the long-standing demand for cotton mills in Indore. The state’s central […]

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Around Rs. 70,000 crore investment in textiles sector to come from PM MITRA Parks, says Minister

Apparel Resources News-Desk — Sat, 10 Aug 2024 10:28:45 +0000

The Parliament was informed that the Centre has approved the establishment of seven PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks with an outlay of Rs.. 4,445 crores for a period of seven years up to 2027–2028. The parks will be located in greenfield and brownfield sites and feature world-class infrastructure, including plug […]

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Surat is key to future textile growth in India, says RIL VP

Apparel Resources News-Desk — Sat, 10 Aug 2024 10:08:43 +0000

Reliance Industries Limited (RIL) senior vice president J Raghunath stated that Surat, the Indian textile centre, has a great potential to seize as the use of man-made fabrics is expected to rise by 30 million metric tonnes by 2030. On Friday, the Southern Gujarat Chamber of Commerce and Industry (SGCCI) hosted the inaugural Yarn Expo […]

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Cotton sector urged to focus on value addition

Apparel Resources News-Desk — Sat, 10 Aug 2024 09:48:58 +0000

S.K. Sundararaman, chairman of the Southern India Mills Association (SIMA), stated that value addition should be the main focus of the cotton industry as a whole in order to improve returns for cotton growers. The Indian Cotton Federation and the Indian Cotton Association Limited, Bathinda, organised a two-day biannual cotton conference titled Cotton – The […]

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Majority of garment factories back to full-scale production

Apparel Resources News-Desk — Fri, 09 Aug 2024 13:17:58 +0000

Almost all apparel and accessory manufacturers in the country started full-scale production on Thursday, expecting to meet shipment deadlines set by their buyers, which had already been pushed back owing to recent turbulence over the student movement. However, while some textile factories have restarted operations, others are still apprehensive about potential security risks from unknown […]

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ICCB urges Bangladesh’s private sector to work hand in hand with interim Government

Apparel Resources News-Desk — Fri, 09 Aug 2024 13:03:26 +0000

Mahbubur Rahman, President of the International Chamber of Commerce in Bangladesh (ICCB), stated that Bangladesh’s corporate sector will work alongside the interim administration to rebuild the country’s economy. “We heartily congratulate the anti-discrimination students for achieving this historic victory through an unprecedented movement. This movement was accelerated by the solidarity of the teaching community and […]

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BSL Limited’s Q1 net profit grows 2 per cent from Rs. 2.27 crore to Rs. 2.31 crore

Apparel Resources News-Desk — Fri, 09 Aug 2024 11:38:14 +0000

Textile manufacturer BSL Limited reported a modest increase in net profit to Rs. 2.31 crore for the first quarter ending 30th June, up from Rs. 2.27 crore in the same quarter the previous year. For the quarter, the company’s revenue increased by 2 per cent to Rs. 164 crore, compared to Rs. 160 crore in […]

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