Apparel: Dealers and distributors are unwilling to pick up new stocks as they are yet to offload last year’s stock, and manufacturers do not expect the prevailing cold conditions in most of north India to lead to a revival in demand for knitwear.
Dealers and distributors are unwilling to pick up new stocks as they are yet to offload last years stock, and manufacturers do not expect the prevailing cold conditions in most of north India to lead to a revival in demand for knitwear.
Renowned hedge fund manager Jeremy Grantham s GMO Emerging Market Fund and Abakkus Assets Sunil Singhania have purchased a small stake in the inner wear maker.