Author: Editorial Team

Yuvraj Singh’s sports lifestyle brand YWC to foray into retail space

Indian cricketer Yuvraj Singh’s owned sports lifestyle brand YWC shall open up its first brick and mortar store in Varanasi. YWC will also be available through other multi brand outlets in Varanasi, via a shop-in-shop format, the company said. In the online space, the brand is available on Myntra and Jabong besides its own portal Part of the product proceeds go to Yuvraj Singh’s Foundation of cancer awareness – YouWeCan. Jugnoo launches partnership program for B2B products Jugnoo, a hyperlocal startup supported by auto rickshaw network and its B2B SaaS offerings, commences a new service called Jugnoo Partner...

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Iran plans to set up its first apparel industrial town

Iran is the 36th biggest exporter of textile products and 90th biggest exporter of apparel in the world. Taking into account both textile and clothing products, the country’s ranking stands at 59th. With the aim of limiting imports, boosting domestic production and making the price of Iranian clothing more competitive, the country is now planning to set-up a new apparel industrial town in Fashafouyeh, located in Tehran Province’s Rey County. According to Director General of Textile and Clothing Department at the Ministry of Industries, Mining and Trade Afsaneh Mehrabi, some 45 hectares of land have been bought for the...

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TEA hails decision for reduction of GST for job work

GST council meeting held in New Delhi and the council decided for reduction of GST for job work in relation to wearing apparels from 18 per cent to 5 per cent. While giving reaction to the GST Council decision, Raja M. Shanmugham, President said he thanked the GST Council for considering the requisition of Garment Associations, particularly from Tirupur cluster and noted that the decision is a big relief to the micro and small job working units in Tirupur cluster. Raja M Shanmugham said 5 per cent GST slab will help for the seamless credit flow and fulfill the...

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DMAI honors Huntsman Textile Effects

Huntsman Textile Effects has been named winner in the 2016 Dyestuff Manufacturers Association of India (DMAI) Awards. Huntsman bagged two awards in recognition of its ‘Excellent performance in exports of Dyestuffs by a large scale unit and ‘Excellent performance in Pollution Control by a Large Scale Unit’. The accolade is presented for outstanding contribution in supporting environment, health and safety and sustainability for the textile industry. The awards were presented at the 67th Annual General Meeting of DMAI in Mumbai. Huntsman Textile Effects received the awards based on criteria such as innovation, creativity, development and quality. “We are honored...

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Bangladesh to dedicate SEZ to Japanese garment firms

Japanese investors can now set up readymade garment units in a special economic zone (SEZ) dedicated to Japan, Bangladesh Commerce Minister Tofail Ahmed has said. The statement came after his recent meeting with Japanese ambassador to Bangladesh Masato Watanabe in Dhaka. Japan has promised to invest around $6 bn in Bangladesh, Ahmed said. Japan International Cooperation Agency (JICA) is working closely with Bangladesh Economic Zones Authority (BEZA) for the dedicated SEZ, which will be set up soon, Watanabe said. Commerce Secretary Shubhashish Bose and Senior Officials of the Ministry were present at the meeting, according to report. The number...

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