The fashion retailer giant V-Mart Retail recorded a strong performance with a 12.6% Y-o-Y revenue growth in Q1 2025. This growth is supported by new store launches and a 1% SSSG (Same Store Sales Growth).
Business News
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The sustainable packaging start-up company, Bambrew with garment bags mainly in its portfolio, has raised Rs. 90 crore to scale up its production and foray into new regions.
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In a significant push to Tamil Nadu's textile sector, the Union Ministry of Textiles has sanctioned Rs. 1,894 crore (US $ 220 million) development project for the PM Mitra Park in the state.
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Manufacturing
Active Clothing Co. Ltd. enters strategic partnership with Ningbo Cixing Co. Ltd. to pioneer Smart Knitting in India
This landmark collaboration marks the beginning of a new era in Indian sweater manufacturing with the establishment of the "KNIT TO SHAPE" Smart Knitting Factory, a next-generation initiative focused on automation, precision, and zero-waste production.
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Sustainability
Tirupur Exporters Association urging Government support to establish housing for migrant workers
The TEA president stated that government assistance is being sought for the establishment of hostel facilities, with a finance model that includes a 75% Government commitment and a 25% industry contribution.
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The Gujarat Yoga Board, the Institute of Design and Technology, and the Federation of Surat Trade and Textile Associations Forum are collaborating to organise these programmes.
