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TT to shift focus to garments making, open more stores

TT Ltd will set up a mega garment plant in place of spinning machinery at Gajroula, in Uttar Pradesh. The move is aimed at diversifying from textiles to manufacturing garments. The company says, “TT is exiting from spinning and entering the garmenting and fabric business on a massive scale.” Garment and fabric turnover is targeted to be doubled...

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BusinessFeatured

CMAI Q1 Apparel Index: Growth bounces back as small brands do better

CMAI’s Apparel Index for Q1 April-June FY 2016-17 indicates the industry has managed better growth with overall Index Value at 5.45 points compared to previous quarter (Q4) where the overall Index Value was 3.79 points. Giant and Large brands, like always have maintained their growth trajectory which is still much higher than Small and Mid...

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