The Ministry of Commerce & Industry of India has announced significant updates to import regulations concerning synthetic knitted fabrics. As per the notification dated 1st October 2024, the government has extended and expanded the Minimum Import Price (MIP) and imposed new restrictions on
Ready Made Garment (RMG) exports have increased by 11.9% in August 2024 compared to the same month last year, with cumulative exports reaching US$ 6.395 billion for April-August 2024-25, according to Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC). Sekhri noted that this growth continues despite global challenges, including the ongoing Red Sea […]