Search Result for : Garments Business

The Dollar Business Bureau  In an open letter to the Finance Minister Arun Jaitley, A. Sakthivel, Regional Chairman, Southern Region, Federation of Indian Export Organisations (FIEO) today made an appeal that, ‘there are a number of activities, which are undertaken by the job-workers in the garment making industry which have been left out of the GST rate of 5%!’  In its recent meeting held on June 11, the GST Council had provided a major relief to the textiles and apparels manufacturers by announcing a sharp reduction in GST rates on certain merchant services from 18% to 5%. Industry leaders had welcomed the move saying that the massive reduction would help job workers to survive and compete with those in the captive manufacturing ...

PTI After consolidating its garments business into a single entity last year, the USD 41-billion Aditya Birla Group today finalised plans to merge Aditya Birla Nuvo with flagship Grasim Industries and hive off financial services business into a separate entity. The merger is scheduled to be completed by the first quarter of next fiscal, while the financial services business will be listed by June 2017. The merged Grasim will create a behemoth with an aggregate turnover of Rs 59,766 crore and an EBITDA of around Rs 11,961 crore (as per March 2016 closing). This will also make Grasim the top cement company with the largest selling brand (UltraTech), among the top 10 diversified NBFCs, among the top four private life insurers and ...

The Dollar Business Bureau India’s garment exports from Tirupur, grew by 16.3% to Rs.23,050 crore in 2016. Tirupur is the main hub for knitwear in the country. It contributes nearly 90% of total cotton knitwear exported from the country. India’s total apparel exports were $7.78 billion in 2015, and its top five markets were the US, UAE, the UK, Germany, and France. “Exports from Tirupur would sustain growth in the current fiscal too following good demand from EU and this can be doubled if the Free Trade agreement (FTA) is finalised,”  A Sakthivel, President of Tirupur exporters association opined. “We have seen growth in Europe, we are getting new buyers. Exports can jump to Rs.50,000 crore if the FTA with EU is in place,” ...

For Jagruti, what started as a childhood passion has today become a booming business. Losing money in the garments business during the Gulf war hasn't stopped her from exploring newer export markets. Manisha Choudhari | March 2016 Issue | The Dollar Business Jagruti Mehta Sanghavi, Proprietor, Viraj Enterprises Even as a young teenager, Jagruti Sanghavi was very eager to work, precisely why she participated in her first ever exhibition at the age of fourteen. “I would watch movies featuring Parveen Babi, observe her clothes, and then design them,” she remembers. This childhood passion blossomed again, and today, Jagruti is the proud owner of a custom design clothing enterprise. Talking about how the global slowdown hit her business, she says, “Its impact was felt ...

After moving out from Hidesign, Jacqueline jumped into the unorganised retail market for accessories with Ayesha (a brand named after her daughter). Suppliers from China, Malaysia and Thailand and buyers in India – she's kept her import and sales strategies simple in the past many years. Neha Dewan | March 2016 Issue | The Dollar Business Jacqueline Kapur, Founder & CEO Ayesha Accessories (Also, Formerly Head Of Garments – Hidesign) “I am in the middle of a cooking session and a horse riding competition. I will get back to you soon,” says Jacqueline Kapur, Founder & CEO of Ayesha Accessories on the other end of the phone line and scurries off. A woman of many talents, Jacqueline ensures that entrepreneurship is not ...