Mumbai based Welspun India signed an agreement to foster a strong, transparent, and sustainable business relationship with Minneapolis, MN headquartered retailer Target Corporation. The Indian company stock price jumped 9% following the announcement Retailer Target Corporation has over 1,900 stores in the U.S., while Welspun India is one of the...
American Buyers Seek to Source from India
India has returned to the forefront as a sourcing destination of choice for many buyers. Among the respondents of a QIMA survey, 26% named India among their TOP 3 sourcing geographies. Notably, despite being traditionally viewed as a textile hub, India as a buying market was regarded just as highly...
India Now 2nd Largest Producer of PPE- Personal Protective Equipment
India has become the world's second largest manufacturer of personal protective equipment (PPE) such as body coveralls. goggles, face-shields, masks, gloves, gowns, head and shoe covers within a short time span of two months, its federal government said. China is the world's leading producer of PPE. These products are crucial to...
India's Manufacturing Sector Records Strong Growth in Q2
An analysis of 2,700 listed private sector non-financial companies conducted by India's central bank, the Reserve Bank of India, indicated that the textile and iron and steel segments maintained their pace of sales growth in the second quarter of 2018-19 as compared to the year-ago period. "The manufacturing sector sales growth...
India Plans to Set Up 15 More Textile Parks
According to The Hindu, the Union Ministry of Textiles plans to set up a minimum of 15 textile parks across the country, and Santhosh Kumar Gangwar, Minister of State (Independent charge), has asked state governments to send their proposals for setting these up. Noting that there was plenty of scope...