"A new report ‘Asia – Woven Fabrics Of Cotton – Market Analysis, Forecast, Size, Trends and Insights’, reveals revenues of the cotton fabric market in Asia increased by a meager 2 per cent to reach $43.9 billion in 2018. Though the overall consumption of cotton fabric in China witnessed a steady... Read more
"At the 13th CEO Conference held on September 09, 2019 at The Residency Towers, Coimbatore, top 10 performing group of mills were awarded with the SIMA Technofacts Award for the year 2018-19. The awards were given away by the Chief Guest, CK Ranganathan, Founder Chairman, Cavinkare"
At the 13th CEO Conference ... Read more
"From top fashion brands like H&M and Gucci to small fabric companies, all fashion lovers are making conscious efforts to reduce the colossal amount of waste filling our landfills every year. Luxury brand LVMH Moët Hennessy Louis Vuitton recently signed a five-year biodiversity partnership with UNESCO, committ... Read more
"Gone are the days when around 95 per cent of the clothes sold in the US were also manufactured in the country. Now, finding apparels made in the US is almost like finding a needle in a haystack as around 97 per cent of all clothing and 98 per cent of all footwear is imported."
Gone are the days when around 95... Read more
"Around 60 per cent of Indian textile industry, projected to grow $223 billion by next few years, is cotton-based. Cotton cultivation consumes around 25 per cent of the world’s pesticides which is fast becoming a major cause of concern for the industry. Textile is the one of the biggest contributors of both dry a... Read more
"A new research report by DBS Bank’s economist Radhika Rao, says the US-China trade conflict is a golden opportunity for India to increase its trade footprint particularly in categories on which Washington has imposed tariffs on Beijing. The report lists various ways the trade war can benefit India."
A new res... Read more
"The government has relaxed FDI rules for foreign single brand retailers. It has also permitted 100 per cent FDI under the automatic route in contract manufacturing and coal mining and a 26 per cent FDI in digital media. Also, the government has expanded the definition of mandatory 30 per cent domestic sourcing norm fo... Read more
"Though India’s textile and clothing (T&C) exports grew 2.04 per cent to reach $37,497.18 million in FY 2018-19, apparel exports declined 3.38 per cent in the last (FY 18-19) to $16156.27 million. Of this, woven apparels ruled the segment with exports of $ 8,335.91 and accounting for 22 per cent in the total ... Read more
"In stark contrast to being crowned as the largest cotton producer in the world in the crop year (CY) 2015-16, India’s cotton production fared poorly in CY 2018-19 due to a 20 per cent rainfall deficit. The country’s production declined last year too by around 11 per cent over decadal average cotton product... Read more
"With low growth in synthetics, Indian apparel industry stands to be less competitive. The synthetic segment in India failed to make a mark in the global market because of low exports, low wages in factories producing synthetics and low investments in the sector. Indian textile units run for only six months in a year t... Read more
"In a classic case of political insensitivity backfiring, many reputed brands such as Versace, Coach and Givenchy had to apologise to China for disrespecting the country’s sovereignty recently. These brands had launched a range of T-shirts with designs that suggested that Hong Kong, Macau and Taiwan are independe... Read more
"It all began a year ago with the US administration, under the leadership of President Donald Trump, imposing a 25 per cent tariff on 818 categories of goods imported from China. This move further escalated into a major bilateral trade war between these two economic superpowers. Since then, US-based brands relying on C... Read more
"Not immune to the challenges of recession, unemployment and sustainability in consumption and production, India’s RMG exports has been hovering around $17 billion for the last few years. Increasing competition is making buyers more stringent about brand’s compliance to environment standards. They are also ... Read more
"Aiming to be a carbon neutral city by 2025, Copenhagen recently announced one of its most ambitious climate policies in the world that includes reducing the greenhouse gas emissions by 70 per cent by 2030. The city will use its role and voice to make sustainability more attractive and speed up the transition of the in... Read more
"Messe Frankfurt India and MEX Exhibitions jointly launched Gartex Texprocess India in New Delhi today. The comprehensive exhibition on garment & textile machinery, fabrics, accessories and allied industries welcomed thousands of trade visitors on its opening day, and is expects an even higher footfall over the com... Read more
"A recent survey by Weave Services, a supply chain consulting firm that specialises in demand and production planning shows, leading apparel brands and sourcing offices are moving their bases out of China over concerns of access to raw materials and lead times. This surely offers a golden opportunity to India to establ... Read more
"Green materials are penetrating all fractions of the fashion industry. Recently, many sports giants have introduced recyclable materials into their products. A case in point is Adidas, whose recently launched reusable running shoes are made of 100 per cent reusable thermoplastic polyutherane. Known as the Futurecraft ... Read more