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Currency Demonetization Impact on Textile Sector

Reserve Bank of India (RBI) verdict of scrapping high value currency notes i.e. INR500 and INR1000 has received the mixed responses. Major impact has been seen on unorganized textile sector rather than organized textile sector. The decision is a setback for unorganized textile sector as it is dependent on domestic market for revenue generation. Demonetization […]

Bangladesh Textile Industry: Bird’s Eye View

Bangladesh is the world’s second largest apparel manufacturer after China and hence become home to more than 5,600 garment factories. About 60% of clothes end up in European markets – on the whole, apparel exports generates almost $20 billion in annual revenues and is the largest source of foreign exchange earnings. Cluster Size of Textile […]
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Indian Government approves 100% FDI under automatic route in marketplace model of e-commerce

Marketplace e-commerce is the place where company only provides platform for buyer and seller to connect. The decision will help domestic players in attracting more FDI, while also opening doors for foreign e-tailers to easily set shop in India. However, FDI is not permitted in inventory based model of e-commerce. Marketplace may provide support services […]