Reliance Industries eyes more retail acquisitions abroad; seeks to partner with beauty, athletic lifestyle wear brands

Mumbai: India’s Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters. Under Asia’s richest man, Mukesh Ambani, Reliance Industries is pivoting from an oil-led conglomerate into a more consumer-facing company, selling everything from … Read more Reliance Industries eyes more retail acquisitions abroad; seeks to partner with beauty, athletic lifestyle wear brands

Gems and jewellery sector seeks cut in gold import duty to 4 per cent

MUMBAI: On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 per cent to check to smuggle in a big way. In representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 per cent import duty on … Read more Gems and jewellery sector seeks cut in gold import duty to 4 per cent

ITF seeks govt help to curb fall in apparel exports

A shift in the textile manufacturing ecosystem is the need of the hour, say industry insiders Despite government support by way of special package and incentives, the Indian textile industry has hit roadblocks on exports. The likely reasons may be the industry’s focus on select markets/zones — where it has been unable to compete on … Read more ITF seeks govt help to curb fall in apparel exports

Budget 2018: Reeling under dwindling exports, AEPC seeks several relief

Reeling from a continued fall in export growth and marginal refunds on the goods and services tax (GST), the Apparel Export Promotion Council (AEPC) has written to the government, seeking 12-15 types of relief. They want the duty drawback and the refund of state levies (ROSL) to be restored to pre-GST levels, and also exemptions … Read more Budget 2018: Reeling under dwindling exports, AEPC seeks several relief