Bangladesh’s merchandise exports surged to US $ 4.77 billion in July, marking the highest monthly earning since November 2022 and representing a nearly 25% increase compared to US $ 3.82 billion a year earlier, according to the Export Promotion Bureau (EPB).
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As part of its deeper Southern India penetration strategy, TechnoSport is optimistic that it will open three EBOs in Chennai alone before the end of this fiscal year. The company also plans to grow into Tier 1+ cities including Madurai, Trichy, Vellore, Karur, and Hosur.
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With a compound annual growth rate (CAGR) of 3% for infant wear and 2.6% for children's wear, India's infant and children's wear industry is expected to surpass the more established and slower-growing US segment and reach around Rs. 1,46,763 crore (US $ 16.71 billion) by 2030.
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Labour-intensive industries, such as clothing and textiles, are among the most severely impacted, a GTRI analysis released on Monday stated. In contrast to regional competitors like Vietnam, Bangladesh and Mexico, who pay less or no charges, the tariffs seriously harm India, the report said.
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The fast fashion giant's environmental promises and messaging in the #SHEINTHEKNOW, evoluSHEIN, and Social Responsibility areas of its product promotion and sales, according to AGCM, were "deceptive" to customers.
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This announcement follows Puma's appointment of Andreas Hubert, an Adidas veteran, as its new chief operational officer, effective 1st September.
