Little cheer for India's textile sector

Tough times face the Indian textile and garment sector as foreign exchange losses, high input costs and a slowdown in orders from the US and Europe were this week exacerbated by what firms see as a lack of support from the government in its interim budget. Speaking to just-style, Darshan Lal Sharma, managing director of Vardhman Yarns & Threads and a member of the Confederation of Indian Industry’s (CII) national committee on textiles, calls for targeted support for Indian textile and clothing f

Speaking with style: Darshan Lal Sharma, Vardhman Textiles

19 February 2009

Tough times face the Indian textile and garment sector as foreign exchange losses, high input costs and a slowdown in orders from the US and Europe were this week exacerbated by what firms see as a lack of support from the government in its interim budget. Speaking to just-style, Darshan Lal Sharma, managing director of Vardhman Yarns & Threads and a member of the Confederation of Indian Industry’s (CII) national committee on textiles, calls for targeted support for Indian textile and clothing firms.

INDIA: DHL opens fashion logistics centre

18 February 2009

Logistics company DHL has opened its first Fashion & Apparel logistics centre in the Asia Pacific region to help manage the flow of merchandise to customers in Europe and North America.

INDIA: Textile firms disappointed at lack of budget support

17 February 2009

India’s textile makers have expressed disappointment after the country’s interim budget failed to include any measures to help the sector tackle the global economic slowdown.

INDIA: Abhishek to set up yarn dyed shirting plant

9 February 2009

Indian textile firm Abhishek Corporation has inked a deal with the Government of Maharashtra to set up a yarn dyed shirting plant that will produce around 8m metres of fabric a year.

INDIA: Cotton Corp to receive INR5bn price subsidy

5 February 2009

India’s cabinet has agreed to subsidise the Cotton Corporation of India (CCI) to the tune of INR5bn (US$102m) if the domestic market prices of raw cotton fall below a certain level.

INDIA: Century Textiles halves denim fabric production

2 February 2009

Cotton yarn and fabric maker Century Textiles & Industries is halving denim production at its Madhya Pradesh unit, blaming adverse markets and slowing demand.

INDIA: Fabindia acquires 25% of East chain

14 January 2009

Indian garment retailer Fabindia has acquired a 25% stake in UK-based women's wear vendor East with an option to obtain total control within three years.

INDIA: Textile slowdown to persist until December 2009 – report

17 December 2008

Recession in international markets, foreign exchange losses and high input costs are all going to combine to make 2009 a grim year for the Indian textile and apparel sector, a new report says.

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Little cheer for India's textile sector

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