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    March, 1-15, 2016

    129926
    March 2016| 1-15| 58 Pages

    Being the undisputed leader with huge mark share in garment manufacturing, China is today slowly but surely leaving the segment, giving investors opportunities to look for other emerging countries, especially the developing hubs like Africa, Ethiopia in particular. And with the US Government deciding to renew the African Growth and Opportunity Act (AGOA), in October 2015, a new lease of life has been given to these East African countries to develop as major apparel manufacturing hubs. Apparel Online talks to some industry-informed people working in Ethiopia on their experience. A name synonymous with yarn business in India, Nimbark Fashions Ltd., after making its mark in the industry for its differential yarns, is diversifying by collaborating with other players in the supply chain. With a turnover of above Rs. 200 crore (US $ 30 million), the company has diversified into yarn manufacturing, fabrics, business consulting and investment banking. Team AOspeaks to Mahesh Maheshwari, Director, Nimbark Fashions Ltd., on his ‘collaborative approach to business. For many in the industry linen is just another fabric, but for few it’s a passion, and interestingly those who are enamoured by the fabric are working only with linen, building a business model around the same. The father-son duo of R. Arasu and Sethupathi of Master Linen Inc., Karur, doing Rs. 66 crore (US $ 10.15 million) business, are targeting Rs. 100 crore (US $ 15 million) within next four years. Besides the above, our regular columns of Mind Tree, Fashion Trends, Industry Wire, Resource Centre, Export Statistics, etc. make the issue worth reading.

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