CII news and archive

Now BJP-led Rajasthan bans FDI in retail

There is more bad news for the multi-brand retail sector as the BJP-led Rajasthan government has followed the footsteps of Arvind Kejriwal, Chief Minister of New Delhi. The state has banned foreign direct investment (FDI) in multi-brand retail trading. The news is a blow to several global retailers, who were already in a state of ambiguity due...

Apparel

PE firms bank on rising purchasing power of women

According to a recent industry study, even during the slowdown men and women responded differently to the price increase in apparel. Surprisingly, while men were quick to postpone shopping for clothes, resulting in a steep decline in volume sales, women shoppers showed resilience. The apparel prices for both men and women witnessed a...

Fashion

Branded Apparels: Excise duty still a dampener

Branded garment makers and retailers been facing a rough time this year. No wonder they have asked the government to cut excise duty from the existing 10 per cent to one per cent in the forthcoming Budget. The impact of excise duty coupled with weak demand, high raw material costs and poor festive season has resulted in a sharp drop in sales...