Siyaram’s, one of India’s leading manufacturers of premium suiting and shirting fabrics and fashion apparel, has announced Bollywood superstar Ranbir Kapoor as its new brand ambassador. This strategic partnership aims to elevate the brand’s appeal among the youth, connecting with a
Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has announced the appointment of Seth Rosenfield as Managing Director. Rosenfield, with over 25 years of experience in information services, business media and marketing technology & services investment banking, will co-lead BGL’s new Technology & Information
Even as the Union Budget 2024 has not been able to live up to the textile and apparel sector’s expectations in terms of direct benefits, the other macro-economic measures proposed by the Union Finance Minister to boost employment, skilling, infrastructure, start-up ecosystem, MSMEs, financial support for clean energy transition as also ensuing fiscal consolidation of […]
A delegation of 14 entrepreneurs from Burkina Faso visited the Tiruppur Exporters’ Association (TEA), facilitated by Gherzi Consulting, New Delhi, to seek guidance on converting their locally grown cotton into garments and adding value to their textile industry. The delegation was received by the Association’s President, K.M. Subramanian, General Secretary N.
ICT Mumbai has announced its signing of a Memorandum of Understanding (MoU) with Evonik under their “Grow Beyond Yourself” initiative. This collaboration was made with the ongoing efforts to enhance educational and research opportunities for students and faculty. As part of the partnership, Evonik will sponsor innovative research projects, fostering innovation
India’s textile sector is poised for growth with a 28% increase in the Budget allocation for 2024-25, said Northern India Textiles Mills Association (NITMA) President Sanjay Garg. This significant boost in funding is expected to drive innovation, enhance productivity, and create new opportunities for the textile industry. The increased investment underscores the
The Indian government has announced several strategic measures in the latest Union Budget, unveiled today by Finance Minister Nirmala Sitharaman. These initiatives aim to enhance the global competitiveness of India’s textile, leather and MSME sectors, which are vital to the country’s economy. Textile And Leather Sector Reduced BCD on MDI for Spandex Yarn: The
Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and utilization (CCU para-xylene), will replace fossil materials in manufacturing
India has secured the fourth spot in the recently released Emerging Asia Manufacturing Index (EAMI) 2024 by Dezan Shira & Associates. This comprehensive report evaluates the manufacturing capabilities of eight key Asian economies: China, India, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Bangladesh. The index provides critical insights into the factors
Bangladesh has been reaffirmed as a prime investment destination, being the world’s second-largest garment exporter, said Maj Gen Abul Kalam Mohammad Ziaur Rahman, executive chairman of the Bangladesh Export Processing Zones Authority (Bepza). He made these remarks during a visit from a 13-member Chinese delegation from the Quanzhou Maritime Silk Road Industry and