The newly established Export Promotion Mission is planning a number of initiatives to address non-tariff barriers in foreign markets and make it easier to obtain export credit.
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This surge occurs even though rapid commerce companies are asking brands to bid for visibility on their apps, raising ad rates by 40–50% in important festive categories.
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Manufacturing
Apparel manufacturing icon Shyam Lal Uttam, founder of Busana Remaja Agracipta, passes away!
The apparel world bids farewell to a visionary. Shyam Lal Uttam, Director at Busana Remaja Agracipta, passed away recently and he leaves behind a legacy of leadership, innovation and impact across Southeast Asia and South Asia. His journey from engineering to building a US $ 240 million+ intimatewear empire showcases his strategic insight and enduring commitment. Apparel Resources pays tribute to his remarkable contribution and extends heartfelt condolences to the Uttam family.
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Epyllion Group, a prominent leader in Bangladesh’s apparel sector, has achieved a significant milestone by earning the prestigious Global Security Verification (GSV) Certification from Intertek.
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The company's operating revenue increased from Rs. 451.8 crore (US $ 51.44 million) in Q1 FY '25 to Rs. 1240.2 crore (US $ 141 million) in Q1 FY '26, a 174.5% increase. LinkedIn: Revenue for the textile and associated segment increased by 41.4% compared to Q1 FY '25. Segmental EBIT margins increased to 9.8% in Q1 FY '26 from 7% in the same quarter the year before.
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The company, which already has 15 stores across India and an online presence, is strategically expanding into the United Arab Emirates in response to the region's growing demand for streetwear and its quickly changing e-commerce landscape.
