SGCCI Vice President Ashok Jirawala and former President Ashish Gujarati made their suggestion to India's Union Minister for Heavy Industries, H.D. Kumaraswamy, and Joint Secretary Vijay Mittal.
Business News
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The second phase of Chapter 2 will focus on non-metro cities. According to Showik, Tier-1 and Tier-2 cities like Jaipur, Bhopal, and Raipur are home to the core audience and have demonstrated a strong organic traction.
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With no export taxes and a shorter lead time to Europe than rivals like Vietnam and Bangladesh, this change has the potential to completely transform India's athletic goods manufacturing.
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Pantaloon sales brought in Rs. 884.60 crore (US $ 103 million), while Ethnic and other sources brought in Rs. 846.99 crore (US $ 99.5 million).
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VIP Clothing reported its financial performance for the quarter ended March 2025, posting all-time high net sales of Rs. 64.91 crore (US $ 7.64 million) and an operating profit of Rs. 5.75 crore (US $ 677,000).
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Over the course of the year, the company's total income and profit before taxes increased by 63 per cent and 37 per cent, respectively.
