Author: Editorial Team

Huge subsidies for sericulture

India’s Central Silk Board is offering huge subsidies, including benefits in purchase of fertilizer and pesticides to selling of cocoons and yarn, to farmers preferring sericulture along with free training on best farm practices, says Board Chairman KH Hanumantharayappa. The subsidies are up to 90 per cent for scheduled caste and scheduled tribe farmers. Hanumantharayappa said this recently after interacting with mulberry farmers from Gollaprolu and Chebrolu in Andhra Pradesh, according to a report in a top South Indian newspaper. Andhra Pradesh holds second place in the country in silk cocoon production. The Central Government, through the Silk Board,...

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Indian Terrain targets Rs. 1,000 cr revenue in 3 yrs

Chennai-based Indian Terrain Fashions plans to turn a Rs. 1,000-crore firm by fiscal 2020-21 by expanding its sales network and reach, particularly in north and east India, according to company chairman and managing director Venky Rajagopal. It expects its kids- wear brand India Terrain Boys to grow four times to Rs. 200 cr in the next three years. The company, which has a gross revenue of around Rs. 700 cr this fiscal and is growing with a compound annual growth rate of over 20 per cent, is also optimistic about a higher contribution from accessories to its bottom line,...

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Women endorsed & loved LIVA fabric

Liva, the new age fabric brand from the Aditya Birla Group, launched a one-of-its-kind initiative for spreading awareness. For the first time ever an ingredient brand deputed Fashion Advisors in large format stores namely Pantaloons, Shoppers Stop, Central and Reliance Trends with the objective of making women customers try garments made of LIVA fabric. Spread across 24 cities and over 180 outlets for a duration 45 days, these Fashion Advisors met and engaged with over 3 lakh women consumers. Approximately 1.55 lakh of them tried and loved the fabric for its fluidity and comfort. “LIVA fabric is 100 per...

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USDL finds $1.6 mn in back wages due to garment employees

Investigations in Southern California by the US Department of Labor (USDL) have found $1.6 mn in back wages and liquidated damages due to 1,377 garment industry employees in 2017. These amounts resulted from violations of Fair Labor Standards Act (FLSA) found in 94 per cent of 129 Wage and Hour Division investigations of garment factories in the region. The department also assessed an additional $36,000 in civil money penalties associated with those investigations, USDL said. “Many of the investigations disclosed employees paid well below the federal minimum wage of $7.25 per hour, with some receiving as little as $4.27...

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Textiles, garment industry not yet out of the woods

Garment exporters demand duty reimbursement to be retained at the pre-GST (Goods and Services Tax) drawback rate of 7.5 per cent. India’s apparel exports decline to 39 per cent in value terms in October. The production of import substitute bivoltine silk in the country expected to reach around 6,200 metric tonne the first mega international trade event for the textile sector inaugurated in Gandhinagar (Gujarat) on June 30. India Handmade Bazaar, an online portal to provide direct market access to artisans and weavers, launched in January. The Textiles Ministry notifies post-GST rates under the scheme for Remission of State...

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