Textile

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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

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

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

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

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

Study highlights adverse effects of Section 301 tariffs on US business…

The Section 301 Tariffs on American Consumers and US Businesses imposed by the Trump administration in 2018 in response to China’s unfair trade practices, seem to have boomeranged on the US doing more harm than good. A recent joint industry study has pointed out the negative Impacts on US consumers ... Read more

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

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

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

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

Global denim markets continues to stride ahead post-pandemic as demand…

After two difficult Covid years of dressing down days, the fashion resilience of denim is being felt once agin. Every year, over two billion jeans are sold globally and apparel manufacturers are now focussed on cashing onto this lucrative segment in post-pandemic days. It is expected by 2023, the size of... Read more

Cotton Association of India announces further drop in 2022-23 producti…

The CAI has announced it further expects a decrease in total seasonal production which stands at 330.50 lakh bales, a decrease of 9.25 lakh bales as was projected earlier. The decrease of 9.25 lakh bales was due to readjustment of production in India’s cotton-producing states. Gujarat was the only c... Read more

As global fashion sector deal with issues in 2023, economic slowdown i…

Year 2022 was all about positivity and hope for the fashion industry with much hype about the return of consumers after two years of lockdown and uncertainty. Many brands went on to invest in more “on trend” collections that addressed sustainability and eco-consciousness. Fast fashion was pull... Read more

Sustainable cotton grows and fetches better prices: Study

International Institute of Sustainable Development (IISD) published a report recently on the growth of sustainable cotton practices and their pricing, as a part of their Global Market Report on agricultural products. Since 2008, IISD has been tracking the growth of voluntary sustainability standards (VSS)... Read more

Xianjiang cotton maybe pariah but apparel brand adherence still a grey…

The US already has several restrictions in place for imports from Xinjiang, where rights groups say Uyghurs and other ethnic and religious minorities have faced a raft of human rights abuses, including being placed in mass internment camps. Under the Uyghur Forced Labor Prevention Act, passed in 2021, US Custom... Read more

Indian T&A sector seeks friendly budget and incentives for sustain…

The Indian textile industry has a long wish list from the upcoming union budget. Since traceability and sustainability have become critical for exporting textile and apparel products to western markets such as the UK, the EU, and the US, industry sources and various trade organisations have suggested a... Read more

EU strategy for sustainable textiles goes hi-tech

Recycling textiles through sophisticated industrial processes in the apparel segment is now a thing and it’s not easy. It’s now more of an obligation rather than a choice for EU countries to collect and sort their used textiles so that there is less wastage in the apparel segment as a whole. I... Read more

India’s cotton being competitively priced to match global levels

India’s domestic textile manufacturers want the Indian government to lower import duty of 11 per cent on cotton to facilitate outsourcing cotton from abroad as locally produced cotton still remains 10 to 20 per cent higher than those produced in other parts of the world. “The rate of Indian ra... Read more

Italy’s textile machinery sector looks at sustained growth with focus …

Italian textile machinery manufacturers are confident and upbeat about 2023 as the new year will be the springboard for strong future growth as it indicates healthy progress after the disruption of the last few years. As was projected, Italy’s textile and garment industry made a positive turna... Read more

Pakistan’s textile export competitiveness on a steady decline

Pakistan needs to get up and going to increase private investment and create a more sustainable diversified export product portfolio to steer the trade imbalance in the wake of the country’s declining export competitiveness. World Bank’s Pakistan development update 2021 reveals the curre... Read more

India strives to stand above global recession gloom

An expected global recession in the second half of FY23 is now top of the mind for business communities around the world. Just when the global economy was recovering from the pandemic, the Russian-Ukraine war led to further economic instability disrupting supply chains, increasing prices of all comm... Read more

Cambodia’s new trade agreements catalysts slow economy

Famous for its heritage tourism of Angkor Wat as the largest religious structure on earth, Cambodia is now rapidly branching out as a global sourcing destination with some all-new trade licenses. The Regional Comprehensive Economic Partnership (RCEP) trade deal as well as the Cambodia-China Free Trade Agr... Read more

Easing energy-crisis relieves Bangladesh’s apparel units with fresh or…

The last month of 2022 has sparked hope and optimism amongst Bangladesh apparel manufacturers as was predicted by the Prime Minister Sheikh Haseena. Ever since the pandemic followed by Ukraine war led to a chaos in global energy supplies, particularly in Europe, Bangladesh’s largest apparel ma... Read more

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