Demand for apparels is expected to slowdown in near term following the government’s decision to demonetise high value notes, and and winter-wear segment would be the worst affected, rating agency ICRA ...

The textile industry is in a celebratory mood, thanks to the GSP Plus facility provided by the European Union. The industry is convinced it can earn $1 billion through additional exports to the EU.

The adverse impact of the demonetisation on disposable incomes and hence consumer spending has resulted in a slowdown in domestic demand for apparels and other end-products of textile industry in the ...