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Wholesale Inflation Drops to 5-year Low

India's annual rate of inflation, based on monthly wholesale price index (WPI), dropped to a five-year low of per cent for the month of October, 2014, according to the provisional data released by the office of the economic adviser, ministry of commerce and industry. In comparison, annual rate of inflation was per cent for September 2014 and per cent during October 2013. Build up inflation rate in the financial year…
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Apparel and Textile News

Shri Gangwar Launches Major Programmes For Handicraft Development In Varanasi

In a major function organized at Urban Haat, Chowkaghat, Varanasi today, Minister of State for Textiles (Independent Charge), Shri Santosh Kumar Gangwar launched number of programmes for development of Handicrafts in Varanasi. Skill Development of 5000 carpet weavers , 5 Months Integrated Design Development for wooden toys , Design Development workshop on soft stone and Souvenir Development project were among the few programmes inaugurated by Hon`ble Minister. These programmes will…
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Apparel and Textile News

‘Make in India’ rolled out for textile & garment industry

‘Make in India’ campaign covering 25 sectors, including the textile and garment industry, has been launched by Prime Minister Shri Narendra Modi in the presence of Who's Who of the corporate world from India and abroad at a ceremony in New Delhi yesterday. At the launch of the ambitious 'Make in India' project to make India a manufacturing hub, Prime Minister Modi promised effective and easy governance to help achieve…
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Apparel and Textile News

Ritu Kumar To Increase Retail Stores Across The Country

Apparel brand Ritu Kumar, which currently runs 36 stores across the country, plans to scale it up to 86 stores in four years to increase its retail footprint. The group runs two kinds of stores namely Ritu Kumar Label with brands designed exclusively by her and Ritu Kumar Store which sells a combination of all brands in a single store. "Currently, we have 36 stores and we are looking at…
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Apparel and Textile News

Annual Conference of State Textiles Ministers Takes Deliberates New Textiles Policy, Sitp, and Promotion of Handloom Handicrafts

After the new Government took over in May, 2014, Conference of State Textiles Ministers was held for the first time on The Conference was chaired by Shri Santosh Kumar Gangwar, Honble Minister of State for Textiles (I/C). In response to the invitation, Hon’ble Ministers looking after Textiles matters of 16 States, namely Smt Yashodha Raje Schindia (Madhya Pradesh), Shri Rama Rao (Telengana), Shri Shiv Kumar Bedia (Uttar Pradesh), Shri Bhim…
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Apparel and Textile News

Marquee International Investors L Capital, Temasek Near Aditya Birla Retail Deal

L Capital, Temasek Holdings and International Finance Corporation are in the final reckoning to buy minority shares in Aditya Birla Group's retail holding company, people familiar with the matter said. Billionaire Kumar Mangalam Birla is in the midst of combining his group entities Madura Lifestyle & Fashion, Pantaloons department stores and More supermarkets into a new listed company valued at $ billion in enterprise valuation. Birla could raise as much…
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