Bangladesh accident and foreign retailer eyeing India spark optimism among Tirupur textile exporters.
After dipping by as much as 17 per cent in April, readymade garment (RMG) exports of all textile categories in India are showing signs of recovery in May. Exporters in Tiruppur are indicating a rise in rupee terms during the month, while it may take at least a month for volumes to be back in positive terrain. Among the global majors that are placing orders in the textile hub include Walmart, H&M (Hennes & Mauritz AB), Tommy Hilfiger and Target.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
India's MRP and Packaged Commodities Acts are dated and not in line with the modern world's digital price mechanisms and comparisons.
Employers are laying the welcome mat for Gen Y -- from hiring videos to claims for the coolest interview ever.
Almost two years after it entered India, global fashion retailer Gap struggles to keep up with rivals Zara and H&M.
The Swedish fashion-retail brand cracks open the Indian market faster than its competitors, gaining from an aggressive pricing and retail policy.
Recently, there has been a mushrooming of international apparel retailers.
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