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Tag: Crisil

Indian Apparel Retailers
Apparel and Textile News National News Retail News

Indian Apparel Brands & Retailers Reporting Decline in Revenue & Profits

The garment retail sector in India is experiencing a slowdown in demand, with apparel retailers reporting a decline in revenue and profits. Lower sales and high inventories have been attributed to factors such as weak discretionary demand, inflationary pressure, and interest rate hikes. However, premium and luxury fashion brands have seen strong growth, driven by […]

Export Interest Subvention
Apparel and Textile News Ministry of Textiles News

Export Interest Subvention Needed By Spinning Sector

Credit rating agency ‘Crisil’ has suggested the need for export interest subvention for spinning textile sector. As per the interim report, prepared based on the request of Texpreneurs Forum, a copy of which was sent to the commerce minister, Nirmala Sitharaman last week, rising NPA levels in textile, falling EBITDA and net margin and fall […]

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