Business Economy


Myntra targets diaspora in overseas push

Bengaluru, May 19 (UNI) In a significant step towards global expansion, Indian fashion e-commerce platform Myntra on Monday announced the launch of its international shipping operations, beginning with Singapore. The company aims to reach 12–15 per cent of the Indian diaspora in the city-state by offering over 100 Indian fashion brands through its platform.
The move is designed to tap into the rising demand for ethnic and occasion wear among Indians living abroad. "There is a big fashion market of the Indian consumers, especially, which is related to the Indian occasions (festivals, weddings etc)," Myntra CEO Nandita Sinha said.
As part of the plan, Myntra said it would make nearly one lakh items available for international delivery, with shipments being dispatched directly from India and reaching customers within four to seven days.
Singapore was chosen due to strong user interest, with around 30,000 monthly visits to Myntra’s Indian app from the country, the company noted. However, it clarified that there are no immediate plans to set up local operations in Singapore. Instead, the platform will leverage its existing brand partnerships and technological infrastructure to support the rollout.
"The focus is on understanding consumer preferences and product-market fit before considering expansion," Sinha said.
As per government estimates, Singapore’s population stood at 6.04 million in 2024. The International Trade Administration reported that the country’s e-commerce GMV reached USD 8.2 billion in 2022, with projections indicating a rise to USD 11 billion by 2025.
Myntra’s overseas foray comes amid broader efforts by Indian e-commerce firms to reach global customers. Amazon’s Global Selling programme has enabled 1.5 lakh Indian exporters to ship over 40 crore ‘Made in India’ products globally since 2015, with exports surpassing USD 13 billion by the end of 2024.
UNI BDN GNK
More News

L&T bags Rs 2,500 cr coal-to-ammonium nitrate plant order

09 May 2026 | 6:29 PM

Mumbai, May 9 (UNI) Larsen & Toubro (L&T) Ltd has officially announced to the stock exchange through a regulatory filing that its energy hydrocarbon onshore business has secured an engineering, procurement and construction (EPC) order from Bharat Coal Gasification and Chemicals Ltd (BCGCL), for a coal-to-ammonium nitrate fertiliser project in Odisha.

see more..

PHDCCI welcomes Rs 5,000 cr ECLGS package for airlines amid West Asia crisis

09 May 2026 | 3:51 PM

New Delhi, May 9 (UNI) The PHD Chamber of Commerce and Industry (PHDCCI) welcomed the government's decision to approve a Rs 5,000 crore emergency credit support scheme for airlines under ECLGS 5.0 to address the financial and operational stress arising from the ongoing West Asia crisis.

see more..

Dr Reddy’s–Nestlé Health Science JV launches Celevida GLP for patients on obesity, diabetes therapies

09 May 2026 | 12:30 AM

Hyderabad, May 8 (UNI) Dr. Reddy’s Laboratories and Nestlé India on Friday announced the launch of ‘Celevida GLP ’, a specialised nutritional product designed to support muscle mass maintenance and nutritional needs of people undergoing GLP-1/GIP therapy for management of type 2 diabetes and obesity in India.

see more..

Not Buying Kandla Transmission, Says Reliance Industries Ltd

09 May 2026 | 12:21 AM

Mumbai, May 8 (UNI) Mukesh Ambani-led Reliance Industries Ltd (RIL) has informed the stock exchange through a regulatory filing that it is no longer in the race to buy a 100% stake in Kandla GHA Transmission Limited (KGTL) from PFC Consulting Limited.

see more..

By 2030, Telangana will emerge as India’s undisputed Aerospace & Defence Capital: Minister Uttam Kumar

09 May 2026 | 12:15 AM

Hyderabad, May 8 (UNI) Telangana Minister for Irrigation and Civil Supplies N. Uttam Kumar Reddy on Friday said the state is firmly positioning itself as a national leader in aerospace and defence manufacturing and expressed confidence that by 2030, it would emerge as India’s undisputed Aerospace and Defence Capital
He recalled his own association with the defence services as a fighter pilot in the Indian Air Force and shared his experience of serving as ADC to the President of India after retiring from active flying following a forced ejection from a fighter aircraft.

see more..