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The effective corporate tax on existing companies has been slashed to 22per centand on new companies to 15per cent – a decisionthat will not only help boost the investment,but alsocreate employment opportunities in the Indian economy. There’s something more! The minister also..

Flipkart’s value platform 2GUD has entered into a partnership with Japanese designer consumer products brand Miniso India, ahead of the upcoming festive season. So, what’s this partnership about! 2GUD will provide online distribution rights for Miniso’s products in Indi..

Myntra’s lifestyle brand Taavi has joined hands with over 1,300 artisans hailing from 7different states in an effort to boost Indian textiles. Taavi is an apparel brand for men and women that embodies the traditional textile craft of India such as Kolkata’s Kantha and Odisha&rsqu..

Flipkart, the e-commerce giant, brought together over 160 leading fashion brands for the fourth edition of the ‘Flipkart Fashion Conclave’ recently held in Bengaluru. Kalyan Krishnamurthy, CEO, Flipkart Group, Rishi Vasudev, Senior Vice President and Group Head – Fashion (F..

Linen Club from the house of Jaya Shree Textiles is eyeing to double its business to Rs. 1,500 crore and add 200 stores in its retail network by 2024, said a company official. The Aditya Birla Group is focusing at expanding in Tier-2 and Tier-3 markets along with its cluster-based approach w..

The garment and textile workers of Karnataka have come on streets! Highly disillusioned by successive governments for their failure to increase the minimum wages, the garment workers, majorly women, were on streets today to demand an increase in minimum wages. The workers today gathered ..

Aditya Birla Fashion Retail Limited (ABFRL) is expanding the reach of its affordable fashion retail chain Pantaloons with the first store in Warangal, Telangana. Sprawling across an expanse of 17,000 sq.ft., the new store is located in Hanamkonda. The launch of the store saw Bollywood ac..

Aditya Birla Fashion Retail Limited (ABFRL) is expanding the reach of its affordable fashion retail chain Pantaloons with the first store in Warangal, Telangana. Sprawling across an expanse of 17,000 sq.ft., the new store is located in Hanamkonda. The launch of the store saw Bollywood ac..

One of the agendas on the list of the Government is the development of small and medium enterprises (MSMEs) in the country. In its efforts to develop MSMEs, the Government plans to come out with an Alibaba-like online marketplace that is expected to garner a turnover of around Rs. 10 lakh cr..

Recognising the noble cause of apparel exporters of Delhi-NCR, Okhla Garment and Textile Cluster (OGTC) honoured its member companies in various categories. The awards were given at the recent International Conference on Apparel & Home Textiles (ICAHT) organised by OGTC inDelhi. ..

Festive season is round the corner and Flipkart is expecting massive growth from the home category – majorly from the smaller towns. This was confirmed by the executive of the company. Ever since its inception in 2014, the home category has been witnessing continuous expansion. And 201..

Lifestyle has planned to keep its expansion trajectory strong by opening 7 to 8 stores annually in the coming 2-3 years, despite there being a downturn in consumption affecting the company’s growth rate. “Penetration is still small in India and we will continue with our pace of e..

In its endeavour to expand its retail footprint this financial year, V-Mart retail is all set to invest Rs. 115 crore and hire 2,000 people in addition to the 7,000 people already employed at the company. And that’s not all! The fashion and lifestyle retailer, currently pr..

Recently the Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal for Review of Foreign Direct Investment (FDI) invarious sectors,and apparel industry is directly related tothe easing of sourcing norms for single-brand retailers. Overseas brands like H&M and IKEA, ..

Recently the Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal for Review of Foreign Direct Investment (FDI) invarious sectors,and apparel industry is directly related tothe easing of sourcing norms for single-brand retailers. Overseas brands like H&M and IKEA, ..

It’s not a good time for cotton textiles in India! The April to July 2019 period saw the export of cotton textiles slump by a striking 24.5 per cent. And it’s just getting worse. The provisional data for the first 3 weeks of August 2019 shows that the 25 per cent fall in expo..

Walmart-backed Flipkart Group announced that it has inked a pact with New York-headquartered Authentic Brands Group (ABG) for licensing and distributing apparel brand Nautica in India. The rights were earlier with Arvind Fashion, which holds the brands and retailing businesses o..

Amazon comes up with its largest delivery station in India! The e-commerce giant has announced the launch of its delivery station in Pimpri-Chinchwad in Pune, which will be the largest in the country. The new station will enable Amazon to strengthen its last-mile delivery network and ens..

Ted Baker has entered into an agreement withSojitz Infinity Inc.to create anexclusive retail licence deal forJapaninitially for 5 years. Infinity is an optimum choice for the brand as it will facilitate their long-term expansion in the region;combininglocal expertise, especially within the d..

The Directorate of RevenueIntelligence (DRI)has raised its doubtsover Indian import of garments from Bangladesh. Currently, Bangladeshis allowed certain concessions on duty under a free-trade pact and it is possible that other countries are leveraging this in order to import the..

The condition of handloom weavers in the country is debilitating owingto several reasons including the introduction of GST and unpaid dues fromAP State Handloom Weavers Cooperative Society (APCO). Andhra Pradesh boasts of country’s 80per centhandlooms, most of which arein East Godavari..

IKEA, the Swedish home furnishing giant, is set to open up a retail space in a mall for the first time ever. The company is in talks withrealty developer Runwal Group to lease nearly one lakh squarefeet space spread over two floors atR City Mallin theGhatkopar suburban area of M..

At a mega event organised by Kewal Kiran Clothing Ltd. (KKCL) in Hyderabad, the most successful of its brands, Killer Jeans, won the hearts of all fashion lovers with the launch of its Spring/Summer 2020 (S/S ‘20) collections. And it wasn’t just Killer Jeans! Other prominent bran..

Polyester fabric production has fallen to a worrisome low since last year. Surat, the largest man-made fabric hub,saw a decline in production by almost half from 13,000 metric tonnesto 7,500metric tonnesper annum. A major reason attributed to this by the textile committee ofSouthern Guja..

POPxocomes out with its new collection of T-shirts! In its endeavour to move forward on its journey to decode millennial fashion,the designs of Popxo’snewly launched T-shirt collectionsare inspired by content that goes viral on POPxo channels. Operating on a fast-fashion model with..

Paytm Mall has broken ties with its parent company One97 Communications, post securing funding in a round led by e-commerce firm eBay. eBay has been a frontrunner in investing in India’s e-commerce market with the most recent 5.5 per cent stake in Paytm Mall for US $ 160 million, in Ju..

3 million garment workers to be badly affected! That’s what the Garment Manufacturers Association of Cambodia (GMAC) fears as the monitoring time to determine whether Cambodia should enjoy tax-free export to European markets nears close. On 12 Feb 2019, the European Commission had ..

Bombay Dyeing & Manufacturing Company has been looking atexpandingits retail presence and portfolio in the country. And it has already taken its first step in that direction! The leading home furnishings and textiles company announced its foray into apparel sector wi..

The world-renowned sports company Puma has signed the Indian professional sprinter and national champion Dutee Chand, making this her maiden exclusive brand association. Dutee thus joins an impressive roster of world class Puma athletes. The young sprinter will be equipp..

Time and again it has been noticed that textile policies of various statesclash with each other;sometimes to the extent of having anegative impact on another state. Yet againone such policy,which istakingshape, israisingconcern for other states. According to media report..

Reliance Industries Ltd. announced that it will acquire an 87.6 per cent stake in Shopsense Retail Technologies which runs Fynd, for Rs. 295.25 crore (US $ 41.9 million). The firm confirmed that its wholly owned subsidiary Reliance Industrial Investment and Holdings Ltd. has an option to inv..

Retail giant Walmart is planning to set up a depot inVizianagaramakin to the one in Visakhapatnam. Thecorporationhad applied for approvals through the single window clearance system 5days ago and awaits approval as they have already demarcated a site for its depot, in the outskirts of the to..

Max Fashion is going LIVE ! In order to achieve its goal of becoming a billion dollar fashion brand in India, Max Fashion has announced that it will go live on Amazon Fashion India with over 5,000 styles starting 1 August. For the first time, customers can find and shop Max Fashion appar..

There will now be control over adulterated Pashmina products! Yes, the Bureau of Indian Standards (BIS) has published an Indian Standard for identification, marking and labelling of Pashmina products to certify its purity. The standard is being released in Leh today. The Union Minist..

Meet Ravi Capoor! He is the 1986-batch Indian Administrative Service (IAS) officer of the Assam-Meghalaya cadre, who today assumed charge of the office of Secretary, Ministry of Textiles, New Delhi. Before assuming the office, Ravi Capoor was serving as Additional Chief Secretary, Assam ..

Flipkart’s effort to foray into omnichannel sales strategies continues! The Walmart-led e-commerce giant Flipkart, has opened its first ever offline experience store in Bangalore. The space, focusing primarily on furniture, extends over an area of 1,800 square feet and offers a &ls..

Club Factory is eyeing massive expansion in India! The Chinese e-tailer has made it clear that it plans to on-board over 10,000 sellers from across India within this year. This move is in line with the company’s aim to expand its office spaces to Bengaluru and Mumbai apart from the alr..

Women stitching apparels at homes for companies will now be entitled for employees’ provident fund (EPF)! The honourable Supreme Court, in a landmark decision forvarious industries as well as workers, has said that women stitching garmentsat home for a company are entitled for EPF dues..

1-IndiaFamilyMartgets its new Chief Operational Officer(COO)! Theleading value retail chain, which forms a part of Nysaa Retail Private Limited, recently appointedthe retail industry veteran Venugopal Konchada as its COO. The hiring is in keeping with the company’s target for a rap..

All the facilities that are essential for any garment or textile unit to begin construction are in place at Kakatiya Mega Textile Park – coming up fast at Sayampet, Warangal. This was confirmed by Mihir Parekh, Director, Mega Textile Park in Telangana State Industrial Infr..

E-commerce giantFlipkart has announced a renewed approach to its seller onboarding process to enable a smooth and easy first-time e-commerce experience for medium and small businesses (MSMEs). The companyhas also stationed 13 regional teams in different parts of the country tomeet the seller..

W, a premium fusionwear brand, which merges Indian and western sensibilities with an emphasis on distinctive design and styling, recently opened its new store at Ardee Mall, Gurugram. Sprawling across 920 square feet, the new store furthers the plans for expansion by catering to the needs of..

Prime members in India joined members in 17 countries to celebrate Prime Day’s best shopping deals. Following the two-day event with thousands of deals just for Prime members, sales surpassed the previous Prime Day and any other two-day period sale, making this the largest shopping eve..

Leading swimwear brand Speedo ventures into the footwear category with its range starting from Rs. 699. Designed with Xtralight technology, Speedo’s footwear are light weight, skid-resistant, water-resistant and extremely comfortable. There isn’t much shoppers ask for! Ergono..

The 12th edition of India Couture Week(ICW)beginson22 July and will last till 28 July. Notably, the Fashion Design Council of India (FDCI) is responsible for managing and conducting the whole event in the national capital of Delhi. ICW 2019 will be held at Taj Palace, Delhi. Ace designer..

E-commerce marketplace Snapdeal’s carefully laid outstrategy has helped its turnaround in FY19. As per regulatory documents filed by the company, its consolidated revenues grew toRs. 925.3 crore in FY19, againstRs. 535.9 crore in FY18, an increase of nearly 73 per cent. ..

E-commerce marketplace Snapdeal’s carefully laid outstrategy has helped its turnaround in FY19. As per regulatory documents filed by the company, its consolidated revenues grew toRs. 925.3 crore in FY19, againstRs. 535.9 crore in FY18, an increase of nearly 73 per cent. ..

Flipkart, the e-commerce giant,is all set to beginits another edition of Big Shopping Days sale in Indiafrom today. The sale,which will go live at 12pm on 15 July,will continue till 18July. Flipkart Plus members will be granted early access to the sale at 8am, earlier that day. ..

Isless than 10 per cent of Indian textile and apparel industry’stotal workforce organised?Yes,if the Government data is to be believed. The Ministry of Textiles has claimed that as per the latest available Annual Survey of Industries, employment in the textiles and wearing apparelswas2..

Luxury couture designer, Ridhi Mehra plans to launch her first flagship store in New Delhi’s Seven Style Mile in Mehrauli to serve the Delhi audiencewith here exquisite collections. The designer flagship store will be located inside the luxury fashion mall ‘The Kila&..

Puma is adding more stores in India! The activeand lifestyle athleisure brand plans to strengthen its position in the Indian market by adding 20 new stores in the country by the end of this year. The expansion oriented move is inspired by the impressive and exemplary dou..

Amazon India is bringing Prime Day celebrations alive with one-of-a-kind Virtual Reality (VR) based experience for Prime Day. Aimed at bringing the touch-and-try charm to e-commerce shopping, the VR experience allows customers to enjoy an immersive experience before buying the product. Custo..

India’s leading celebrationwear brand, Manyavar has signed Bollywood actor Kartik Aaryan as its brand ambassador for their new range of men’s Indianwear outfits. The actor’s growing popularity has made him one of the top choices of advertisers and Manyavar is confident that..

Landmark Group, the retail giant of the Middle East, has planned to shut down stores of its fast fashion brand Splash in India. The Group currently operates stores like Max, Lifestyle, Home Centre and Splash in India with 18 outlets belonging to Splash, a fast fashion brand high..

Flipkart is in full compliance with India’s FDI rules and is ready to face any audit as per law. This has been confirmed by Kalyan Krishnamurthy, CEO, Flipkart. The Walmart-owned e-commerce firm is under scrutiny over the intermediary agreements signed in March this year to side-st..

Worries galore for Tamil Nadu textile manufacturers! The increasing number of imports from Bangladesh has become a major cause of worry for the garment makers from the industrial clusters of Coimbatore and Tirupur inTamil Naduand they have sought the assistance of the Central Government..

India’s e-commerce major Flipkart moved a substantial proportion of its manufacturing and sourcing for its in-house brands from China and Malaysia to India over the past year, thereby cutting costs and complying with the government’s Make in India initiative. The move is helping ..

US-based online retail giant Amazon has stepped up its investment in its Indian marketplace and has pumped Rs.2,800 crore into it. The fresh infusion comes at a time when the Seattle-headquartered firm very recently exited from China. The firm had infused Rs.2,200 crore into its Ind..

The first meeting of the Board of Trade and the Council of Trade Development and Promotion, after Piyush Goyal became the Union Minister of Commerce and Industry & Railways, sent a strong message to the industry, especially the exporters. The minister urged the representatives of industr..

Apparel Made-ups and Home Furnishing Sector Skill Council (AMHSSC) has opened its Centre of Excellence (COE) at Delhi. The COE will run 2 to 3 days’ Management Development Programs (MDPs) towards upskilling of supervisors and managerial teams of apparel industry. In order to meet ..

Mufti, one of the country’s leading clothing and fashion brands, recently unveiled its latest ‘Flight Edition’ collection with its brand ambassador Kartik Aaryan at the main atrium of Infinity Mall, Malad with over 2,000 attendees. While Mufti has launched a number of trend..

Indian textile & apparel sector has the vision to become US$ 350 billion industry by 2024-25; however,looking at past few years’performance it seems to be a quite difficulttask. With the strong NDA government back in power, the industry expects to getpolicy support, which is o..

Iconic fashion brand Karl Lagerfeld and the international fast fashion label from Future Group, Cover Story have collaborated to introduce a special edition collection of women’s ready-to-wear and accessories for FW19 and SS20, exclusively in India. Available at select Cover Story stor..

E-commerce giant Flipkart is set to double down on its technology base in Israel after acquiring Upstream Commerce, an Israeli analytics startup which provides automated competitive pricing and product analytics solutions for online retailers, said people close to the development. The firm i..

Pour Femme India is all geared up to tap US $ 10 million turnover target in FY 2020. Started in 2013, Delhi-based apparel brand clocked US $ 2 million in FY 2019 and the aggressive market penetration strategies and the investment coming from stakeholders keep the brands’ owners bullish abo..

A textile store on TD road, near the busy Ernakulam market, was engulfed in flames yesterday morning. Around 10:30am, people first saw the fire at the shop K. V. Babu and Sonsand in no time, the fire fighting team was informed about the incident. Around 12 units of fire tenders were imme..

Annual supplier conferencesor meetsare instrumental in strengtheningmutual relations between global brands, retailers and their suppliers. There is no denying that awardingthebest suppliers remains one of the majorattractionsfor the suppliers, asthese awardsnot only recognise their best practice..

E-commerce platform Snapdeal is close to buying out rival ShopClues in an all-stock deal, two people familiar with the matter said. The due diligence for the acquisition started a few weeks ago and a final decision is still awaited. The on-again off-again talks fell through earlier following dis..

Hummel, the Denmark-based sportswear label, announced its entry into Indian market by signing Bollywood actor Kartik Aaryan as Hummel’s chief Ambassador in India. The brand has already opened 5 stores in the cities of Bengaluru, Chennai, Pune, Surat and Amritsar. The compa..

In what is seen as an effort to promote Indian textile overseas while also strengthen bilateral trade ties, an Indian business delegation comprising representatives of 30 Indian companies under the leadership of the Chairman of the Indian Silk Export Promotion Council Dr. Bimal Mawandia met with..

With the Cricket World Cup 2019 less than 10 days away, leading sportswear brand Puma has launched a limited Collector’s Edition Puma One8 cricket shoes as a tribute to team India’s captain and its brand ambassador, Virat Kohli. Virat Kohli X PUMA Gold Spike 19.1 Collector’..