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Sri Lanka To Negotiate FTA With India By End Of 2024

Textile Insights February 12, 2024

Sri Lanka will negotiate a free trade agreement (FTA) with India by the end of 2024. Sri Lanka and India resumed talks on the Economic and Technology Cooperation Agreement in Colombo in October 2023. “Similarly, Sri Lanka will sign FTAs would be negotiated with Indonesia, Malaysia, Vietnam, and

Corporates

Gokuldas Acquires Matrix Clothing’s Knit Apparel Business

Textile Insights February 3, 2024

One of the biggest Indian garment exporters Gokuldas Exports Ltd (GEL), will acquire the knit apparel business of Matrix Clothing Private Ltd (MCPL) for an enterprise value amounting to Rs 489 crore. Of this Rs 489 crore, Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a […]

Apparel, Fashion, Retail

Late Winter Troubles Woollen Clothing Producers & Retailers

Textile Insights January 8, 2024

Although winter season is nearly half way through, woollen clothing manufacturing and retailers are facing a demand slowdown as the temperatures have still not dropped in several parts of India. Due to the late arrival of winter or it not remaining cold throughout the winter months in the last few years, the retailers had already […]

Apparel, Fashion, Retail

Noida Garment Exporters To Set Up Apparel Cluster In Odisha

Textile Insights December 30, 2023

Several garment exporters from the Noida apparel cluster have proposed to set up a garment cluster in Khordha in Odisha which will be spread over 100 acres. This was announced after a Noida garment exporters delegation met with Odisha Chief Minister Naveen Patnaik. “Patnaik assured the delegation of comprehensive support and facilitation and welcomed them […]