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Apparel and Textile News

Show Of Variety Of Carpets At ICE By Jaipur Rugs

Jaipur Rugs, a marketer of hand knotted branded carpets will be showcasing its widest ever variety of its products at India Carpet Expo (ICE) to be held at Varanasi from October 11. “This year, Jaipur Rugs will have the biggest stand at the four-day event, showcasing the widest variety of the company's award-winning rugs,” a company release said. “At ICE, visitors can get close and personal with beautiful works created…
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Apparel and Textile News

Amazon Invests Rs 1,237 Cr. in India

Online retailer Amazon has injected Rs 1,237 crore into Amazon Seller Services, making it the biggest infusion of capital into the Indian flagship firm since it entered the country in 2013. The investment takes Amazon’s total infusion into Amazon Seller’s Services in the past ten months to about Rs 3,000 crore. About five month ago, it had pumped in Rs 1,155 crore. “We are very excited by our growth and…
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Apparel and Textile News

Govt. To Replace Interest Subsidies For Textile Sector

The centre is planning to tweak the Technology Upgradation Fund Scheme (TUFS) in the textile sector and may end interest subsidy provided to mills against investments made by them, as it intends to rationalize various dole-out-based schemes. The move is a part of the government’s efforts to remove various interest subsidies across sectors to curb their distorting effect on the interest rate market. It aims to replace interest subsidy with…
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Apparel and Textile News

AP Fabric Likely To Get Tag Of Handloom Brand

Pedana’s handloom woven fabric made of yarn dyed with natural colours produced by Pedana-based Shyamala Arts and Crafts (SAC) is one of the five textile products which is recommended by the Weavers’Service Centre (WSC), Vijayawada, Andhra Pradesh, under the ministry of textile for recognition as one of the India Handloom Brands. The other four products are Venkatagiri sari, Uppada Jamdaani sari, Mangalagiri cotton sari and Dharmavaram sari, which have already…
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Apparel and Textile News

Textile Machinery Likely To Touch Rs 45K Cr. By 2022

The size of the Indian textile machinery industry is poised to double to Rs 45,000 crore by 2022 from the present Rs22,000 crore in light of new projects and emphasis on setting up textile parks, Sanjay Lathia, chairman of India International Textile Machinery Exhibitions said. Modi government's 'Make in India' programme is also expected to help the textile sector by way of increase in demand for modern machineries. The country…
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Apparel and Textile News

India An Important Market For Ebay

EBay India, a subsidiary of online shopping destination Ebay Inc, is continuing to invest in India. India is an important market for EBay, and hence despite an increase in competition, the company is focusing on acquiring new customers. It has recently launched the 'Loudest Diwali Ever' programme and expects to grow at over 100 per cent in the Indian market. The online retailer witnessed a growth of over 4 million…
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