Guide To Increase Profit Margins in Textile Industry

All businesses, whether big or small, are always on the lookout for ways to increase their profit margins. This especially holds true in case of manufacturers, for the simple reason that when the magnitude of the stock is greater, even a slight increase in the margins can prove to be substantially profitable. This holds true for the textile industry as well.

Amazon to Invest $3 Bn in India - How Will This Benefit The Textile Industry?

The Founder and CEO of the e-commerce giant Amazon, Mr. Jeff Bezos recently announced the company’s plan to increase their investment in India by a whopping 3 million. This will bring the overall investment capital of the e-portal in India to over $5 Billion.

Government Brings in Labour Reforms via 6,000cr Textile Package

In a recent turn of events, the Union Cabinet has introduced certain changes in the labour laws of the nation, and has approved a significantly humongous package of Rs. 6,000 crore for the textile and apparel segment, in this effect.

Future of Indian Textile Industry

Future of Indian Textile Industry

One of the oldest sector in India, textile sector also happens to be the largest in the country. However, in the decade gone by, the industry has been plagued with a plethora of issues ranging from government regulations to economic slowdown and many others. In fact, there even came a time where small players like Pakistan, Bangladesh and Sri Lanka, which any considerable strength in the sector raced ahead of India in many sectors. Nonetheless, Indian textile sector bounced back with full strength and even managed to achieve an exemplary GDP of over 6%. Moreover, it was only during the decade gone by, that the Indian textile and clothing industry was officially integrated with the World Trade Organisation.

Iran- A Huge Potential Market for Indian Textiles

In the recent past, the import duties with respect to textile fabrics and ready-made garments in Iran have been reduced drastically, as a measure to curb illicit imports. This has also helped the Iranian Government to clear its way towards becoming a part of the World Trade Organisation. On the other hand, India is on the lookout to tap Iran’s markets which seems to have a great potential for apparel & Home textile products.

Turning a Business Crisis into an Opportunity!

The very definition of business essentially comprises an overlooking risk factor. And at a place where risk is inevitably involved, crisis ought to follow, more often than not. However, the strength of an entrepreneur always lies in his ability to turn this crisis into an opportunity! Former CEO of Intel, Andy Grove, once pointed out, “Bad companies are destroyed by crisis. Good companies survive them. Great companies are improved by them.”

Mills Online - Selling Stocklot Wasn’t So Simpler Earlier

It has been quite some time now that technology has taken over in our lives. Connectivity whether it is through the internet or the mobile platform has taken a huge leap, and boundaries seem to wither with each passing day.