Global fashion industry’s addiction to synthetic fibers has doubled the use of polyester in the last 20 years. As per a Changing Markets Foundation report, polyester will account for 85 per cent of global use of synthetic fibers by 2030. Titled ‘Fossil Fashion: The Hidden Reliance of Fashion on Fo... Read more
From being called one of the most pragmatic Budgets of modern India to being hailed for its positive and growth-oriented initiatives, the Union Budget 2021-22 has been appreciated by all sections of the Indian textile and apparel industry.
Textile parks, custom duty reduction to make SMEs more competitive
A... Read more
Found in more than half of all textiles, polyester production is likely to account for 85 per cent of total global fiber production by 2030, says a report titled ‘Fossil Fashion: The Hidden Reliance of Fashion on Fossil Fuels’, published by the Changing Markets Foundation, the report charts out gr... Read more
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) appealed for the withdrawal of the 10 per cent import duty on cotton and cotton waste in order to sustain the global competitiveness of Indian textiles and apparel industry and prevent job losses, fall in the exports, ... Read more
Focusing on health and well-being of citizens, physical and financial capital and infrastructure, inclusive development for aspirational India, innovation and R&D, minimum government, maximum governance are some of the highlights of the Union Budget for the financial year 2021-22.
Finance Minister, Nir... Read more
The global T-shirt market which had maintained positive growth trajectory for two years since 2016 fell for the first time in 2019 by -3.5 per cent and reached $88.5 billion, reveals a IndeBox study ‘World - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights’. The study indicate... Read more
One of the most important announcements made by President Biden on his first day in office was that the US will rejoin Paris Agreement. This indeed is a positive step for global environment and US is taking the lead. For the fashion industry, this is a clear message to focus more on their sustainability goals... Read more
The pandemic and lockdowns disrupted both sales and supply chains across the world. Besides store closures, the Western world also faced problems with supplies especially during the early phase of COVID-19. For example, over 40 per cent apparels sold in the US are sourced from China and 90 per cent are ... Read more
With US Department of Agriculture (USDA) projecting lower opening stocks, production and ending stocks this cotton season from October 2020 to September 2021, global cotton prices shot up from the beginning of this year. This surely is good news for Indian cotton exports. As a Rajkot-based raw cotton, yarn an... Read more
A new collaborated study by YCP Solidiance and Brother Machinery Asia highlights the importance of digital transformation in the global apparel manufacturing sector. It states, the transformation must start from the beginning in some cases with the setting up of factory machinery. The study charts the course towards an... Read more
Pakistan’s textile exports increased by 7.7 per cent with knitted garments and hosiery taking the lead in first half of current fiscal 2021 compared to the same period last year. As per Faisal Mehboob Sheikh, Zonal Chairman Pakistan Hosiery Manufacturers Association (PHMA) and chief coordinator Adil Butt the coun... Read more
Work from home, depleted social events, adoption of a fitter lifestyle has given a shot in the arm to sportswear and footwear brands as they have seen both demand and sales grow. In fact, fast-fashion and lifestyle brands have felt the heat with increased sales of sportswear brands. As per industry estimates,... Read more
The pandemic has adversely affected global apparel supply chains with countries like Bangladesh, India, Vietnam, and others facing the brunt. Their exports have tumbled, factories have closed down, workers have lost jobs and revenues pushed down.
Tough time for RMG sector across value chain
In fact, Banglad... Read more