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Rise in India’s textile imports a cause of concern

Rise in India’s textile imports a cause of concern

    Industry analysts are concerned as the country’s textile exports surpassed imports. Recently, there has been a growth in textile imports, driven not just by massive purchases of raw materials such as raw cotton, fabrics, and man-made textiles but surprisingly also of finished products. India, ... Read more

Textile staples market to be worth $275.48 billion by 2032: Study

Textile staples market to be worth $275.48 billion by 2032: Study

    Natural staple fibers are driving this sub-sector within the textile industry as a sea change is being witnessed in terms of fabric preferences. Eco-conscious consumers, especially the millennials and Gen Z, the largest consumer groups worldwide are clear about their eco-friendly choices and the ind... Read more

Budget 2023-24: Thumbs up for ELS cotton, green growth schemes, worry …

Budget 2023-24: Thumbs up for ELS cotton, green growth schemes, worry about import duty rise

   The last Union Budget before the next general election in 2024 has got a mixed reaction from India’s textile and apparel industry. The Finance Minister Nirmala Sitharaman’s focus on infrastructure, investment, green growth, youth power and inclusive development has got a thumbs-up from acr... Read more

January edition of Munich Fabric Start & Bluzone puts the spotligh…

January edition of Munich Fabric Start & Bluzone puts the spotlight on complex new materials, sustainability

  One of the world’s largest and most reputed textile industry shows, the three-day Munich Fabric Start that concluded on January 26 showcased multi-layered and complex new materials and presented the colour palette for Spring/Summer ’24. The show also discussed efficiency and transparency throu... Read more

India’s e-commerce duopoly flourishing amongst competition

India’s e-commerce duopoly flourishing amongst competition

    India’s e-commerce industry is flying high while being driven by increasing pan-India mobile phone adoption across all social and economic segments along social commerce retail giants like Amazon and Flipkart leading the bandwagon. The e-commerce market size is currently estimated at $75 billi... Read more

EU’s clothing, textile sector expected to face headwinds in 2023: Eura…

EU’s clothing, textile sector expected to face headwinds in 2023: Euratex Report

  After a strong first half of the year, the EU economy has now entered a much more challenging phase. The EU is among the most exposed advanced economies, due to its geographical proximity to the Russo-Ukrainian war and heavy reliance on Russian gas. The energy crisis is eroding households' purchasing powe... Read more

Pure London launches sustainability toolkit for retailers

Pure London launches sustainability toolkit for retailers

  Pure London has come up with a toolkit for independent fashion retailers in the UK. With nearly 14,000 independent fashion retailers in the UK, the toolkit is an invaluable resource that provides step-by-step guide with tangible and practical information on everything from reducing carbon footprint and en... Read more

Bangladesh RMG exports to Russia drops as shipments, payments get affe…

Bangladesh RMG exports to Russia drops as shipments, payments get affected

     Shipment of garments from Bangladesh to Russia dropped 47 per cent year on year in the July to December 2022 period of the current fiscal year. Before the war, Russian buyers used to place work orders in big volumes. Ever since the war with Ukraine, Russian buyers have delayed payments. Before... Read more

India’s apparel exports rose in December 22, US continued to have larg…

India’s apparel exports rose in December 22, US continued to have largest share: Wazir Advisors’ Report

  The latest Wazir Advisors’ latest ‘Apparel Trade in Key Global Markets and India’, reveals in November 2022, the US imported apparel worth $6.3billion which is 15 per cent lower than apparel imported in November 2021. The report also shows, in December 2022, the US’ monthly apparel... Read more

Asian markets throw lifeline for Bangladesh’s RMG exporters

Asian markets throw lifeline for Bangladesh’s RMG exporters

  The effect of two-year long pandemic, followed by Russian-Ukraine war and how Western countries are slipping into recession and tightening their purse strings on non-essential items such as clothing. Whilst Bangladesh went all out during the pandemic to maintain uninterrupted supply to the West by not shu... Read more

India’s garments industry seek favorable tax incentives in Union Budge…

India’s garments industry seek favorable tax incentives in Union Budget 2023-24

  Garment manufacturing is the single largest sector and backbone of India’s MSME with a whopping 95 per cent contribution. Stakeholders are hopeful the Finance Minister will announce some incentives for the apparel sector in the upcoming Union Budget. Indeed, the government’s Production Linked ... Read more

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Vietnam to host apparel summit

   Global Textile and Apparel Summit (GTAS) will be held in Vietnam, April 20 to 2... Read more

US dominates golf clothing market growing at 6% CAGR

   The global golf clothing market is growing at six per cent a year. In 2021, th... Read more

Levi Strauss Q4 revenue down six per cent, despite share gains

   For the fourth quarter Levi Strauss’s revenue fell by six percent. Despi... Read more

H&M expects a tough quarter

   H&M expects the first quarter of this year to be very challenging. Even tho... Read more

Italy to host White Milano

   White Milano will be held in Italy, February 24 to 27, 2023. This is a ready-t... Read more

India: Budget to reduce ELS cotton imports

   The budget has announced a scheme for enhancing the yield of extra long staple ... Read more

Bangladesh garment exports set for bigger goals

   The readymade garment industry in Bangladesh is a major contributor to the coun... Read more

Pure London to present alternative lifestyle

   Trade show Pure London (UK, February 12 to 14, 2023) will present alternative l... Read more

UK to host Source Fashion

   Source Fashion will take place in the UK, February 12 to 14, 2023. This is the... Read more

Pakistan pushes exports on online platforms

   Pakistan is turning to e-commerce platforms to increase textile exports. Major ... Read more

Pure London to present alternative lifestyle

   Trade show Pure London (UK, February 12 to 14, 2023) will present alternative l... Read more

UK to host Source Fashion

   Source Fashion will take place in the UK, February 12 to 14, 2023. This is the... Read more

Pakistan pushes exports on online platforms

   Pakistan is turning to e-commerce platforms to increase textile exports. Major ... Read more

Germany to host Fespa

   Fespa will be held in Germany, May 23 to 26, 2023. This digital and textile pri... Read more

Dollar shortage affects mills and spinners in Bangladesh

   Textile mill owners and spinners in Bangladesh are finding difficulties in open... Read more

India: Tirupur Q3 exports fall by 19 per cent

   Tirupur’s knitwear exports fell by some 19 per cent in the third quarter.... Read more