Arvind plans to outsource all of its textile production to other countries so that it can focus on manufacturing clothing. The business is working on new facilities in Ethiopia and will also expand its workforce.
Indian Apparel and textile major Arvind’s e-commerce platform NNNow is planning to enter the booming fashion e-commerce market by expanding its brand portfolio and offer global brands not owned or marketed by the firm.
Over 1,700 jobs appear to have been saved at Style Group after a group of investors including Harold Tillman mounted a successful rescue bid for the troubled womenswear firm and hinted at a possible move into menswear.
India's government acknowledged Tuesday that its decision to pull high-value bank notes from circulation has caused pain in large parts of the economy as it lowered its growth forecast on the eve of the budget.
Finance ministry and state finance ministry officials gathered in New Delhi on Tuesday for a three-day meeting that will seek to finalise the main rate of the Goods and Services Tax ahead of its introduction next April.