Indo Count Industries acquires 82.5% stake in ICRVL
The Dollar Business Bureau India-based home textile firm Indo Count Industries has acquired 82.5% stake in Indo Count Retail Ventures Pvt Ltd (ICRVPL) from its Promoter Anil Kumar Jain. With this, ICRVPL has become a subsidiary of Indo Count Industries, the company said in a statement on Wednesday. Indo Count Industries is the second largest exporter of bed sheets, bed linen and quilts in the country, as per Cotton Textiles Export Promotion Council (TEXPROCIL). The company is one among the top three bed sheet suppliers to the US. It manufactures products for several international brands including Debenhams, Bed Bath & Beyond, Sam’s Club, Laura Ashley, JC Penny, John Lewis, Walmart, Target and Macy’s. It has a production capacity of 90 million meters at its Kolhapur ...
Indian apparel sector must seize opportunities created by global trends, says expert
Himanshu Vatsa | The Dollar Business Setting up apparel manufacturing hubs at strategic locations and enhancing capability to produce man-made textile products can help Indian apparel industry to stand ahead in the global market, said an expert. According to the market analysis by Technopak (A fashion and apparel consulting firm), the Indian apparel industry should focus on the current trends in the global fashion industry and develop capabilities to leverage opportunities created by global trends. “Improving economic outlook of the USA and European Union is expected to provide boost to India’s apparel exports as these two destinations contribute more than 60% to India’s apparel exports. In addition to this, a part of apparel production of China is expected to shift to ...
