A Jefferies report has predicted that the organised retail sector in India is set to grow significantly in the coming years and that the country’s apparel market will especially benefit from this growth.
India’s warehousing sector will attract ₹430 billion in investments and generate 200,000 jobs in the next three years, driven by goods and services tax implementation and growth of e-commerce, according to a report.
The Indian cotton textile industry has been losing its sheen, despite support from the government, with a host of issued pushing the industry into a sticky situation, according to industry stakeholders.
The multi-brand luxury watch retailer Ethos is hoping to recover from the previous year’s slump during the new financial year and, hoping for no surprises this year, aims to double turnover in the next three years.
The Confederation of Indian Textile Industry has revealed its doubts that Indian textile exports will meet their targets for the 2018 financial year, as the sector has failed to do for at least the last three years.
The Union Government’s Defence Minister, Nirmala Sitharaman, has stated that both the diamond tycoons Nirav Modi and his uncle Mehul Choksi will be brought back to India to be properly investigated for fraud.
The Tiruppur Exporter’s Association (TEA) has requested PM initiate steps so that its member units are not harassed by the income tax department for not paying the advance tax due to a continuous decline in business.