Corporates

India’s Leading Apparel Exporter Orient Craft Is Now Debt-Free

Textile Insights May 11, 2024

Post a one-time restructuring, India’s leading garment manufacturer and exporter Orient Craft Limited, has become debt free. The restructuring was done post the Covid pandemic induced financial stress. The Sudhir Dhingra led company worked closely with a consortium of 11 banks to successfully

Industry

Epic Group Investing Rs 220 Crore In Odisha Garment Facility

Textile Insights March 29, 2024

Epic Group, a Hong Kong-based apparel industry major is starting its first Indian apparel production plant in India, for which, it has acquired 40 acres of land in Bhubaneswar, Odisha. Colliers India, a diversified professional services and investment management company has been appointed to set up the manufacturing facility. Epic Group will invest around Rs […]

Apparel, Fashion, Retail

SBTi To Develop Specific Emission Standard For Garment Sector

Textile Insights February 5, 2024

The Science Based Targets Initiative (SBTi) is developing an industry specific standard for six high impact sectors, including the apparel industry in 2024. According to SBTi, the garment sector has been chosen to have a sector specific SBTi standard due to its high emissions and SBTi will also review its Corporate Net-Zero Standard for potential […]

Industry

Gokaldas Exports Acquires UAE Based Garment Producer Atraco

Textile Insights August 31, 2023

One of India’s biggest garment exporters, Gokaldas Exports will acquire UAE based apparel manufacturer Atraco, through one of its subsidiaries for US $55 million (around Rs 455 crore). Atraco, which is headquartered in Dubai manages four clothing manufacturing factories in Kenya and one in Ethiopia and manufactures around 40 million garments per year “The $55 […]