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Thursday, 27 February 2020

Retail industry expects Budget 2020 to increase consumption, ease GST norms, among other reforms

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As one of the fastest growing and dynamic industry, the Indian retail industry, which accounts for over 10 per cent of the country’s GDP and around 8 per cent of the employment, has its eyes set on the Union Budget 2020. As per a report by Assocham,the Indian retail market is set to cr..

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Tuesday, 25 February 2020

‘Mega Textile Park Scheme’ on the anvil for Tamil Nadu

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Tamil Nadu,in all probability,will be the location for Ministry of Textile’s ‘Mega Textile Park Scheme’. Under the formulated scheme, the state shall get threetextile parks and a technology research centre. These parks will be sector-specific textile parks – a mega te..

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Monday, 24 February 2020

Coronavirus heavily impacting global textile and apparel trade

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Coronavirus, which was declared as global health emergency by WHO (World Health Organisation) on 31 January, has impacted the global textile and apparel trade in a big way. So far,the deadly virus has killed 563 people in China, with 28,018 confirmed cases of deadly virus. Around 25 countries of..

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Saturday, 22 February 2020

Government urges textile and apparel industry to be a leader in textile sector

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Union Minister forTextilesSmriti Irani has reiterated that theIndian textile and apparel industry needs tocome forward and play an important role at global level. While speaking at a “Symposium on Emerging Opportunities for Indian Textiles and Crafts,”the Minister said that the i..

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Friday, 21 February 2020

Madhya Pradesh to come up with textile policy

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More and more Indian states are alluring investment in textile and apparel industry. Madhya Pradesh is one such state. The Government of Madhya Pradesh, whichrecently helda roundtableconferencewithseveraltextile and apparel companies in Delhi, has now formed a committee to draft textile poli..

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Thursday, 20 February 2020

ABFRL on expansion radar with 500+ stores opening this fiscal

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Aditya Birla Fashion and Retail Ltd.(ABFRL)is on an expansion spree as it plans to open more than 500 stores this year, which is nearly three times its average annual expansion. Each of its top brands such as Louis Philipe, Van Heusen, Allen Solly and Peter England generatesRs.1,000 &n..

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Tuesday, 18 February 2020

Reebok and Chola come together at Lakmé Fashion Week Summer/Resort ‘20

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In a firstof its kind, Reebok and Chola have joined forces for a vibrant, high-impact and energetic showcase at Lakmé Fashion Week Summer/Resort ’20. Bringing drama and vibrancy to this collaboration, designer Sohaya Misra of Chola has created a ninja warrior themed collec..

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Wednesday, 22 January 2020

MUFTI opens new concept store in Ahmedabad

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Mufti, one of the leading menswear apparel brands in India, has unveiled a new concept store in Ahmedabad –first in the city. While making the announcement recently, the fashion label has seeked to bolster its aim of becoming a global brand with Indian roots. The new store, spread ..

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Saturday, 28 December 2019

Textile and apparel industry representatives meet Prime Minister

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It is perhaps for the first time thatIndia’s textile and apparel industryrepresentatives met Indian Prime Minister Narendra Modi. Around 10 industry stalwarts from textile, apparel (export as well as domestic) and fashion retail were part of themeeting. Two sources,familiar with this d..

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Thursday, 26 December 2019

AMHSSC & ITPO join hands, initiate operator training centre

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Apparel Made-Ups & Home Furnishing Sector Skill Council (AMHSSC) and India Trade Promotion Organization (ITPO), Delhi have joined hands for training activities. And with this regard, a sewing machine operator training centre was recently inaugurated in Noida under Corporate ..

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Tuesday, 24 December 2019

Maharashtra starts disbursing power subsidy for textile units

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Maharashtra, one of the leading textile and apparel manufacturing states with hubs like Bhiwandi, Ichalkaranji and Solapur, has some good news for the industry! The State Government has started disbursing power subsidy of up to Rs. 3.77 per unit to powerlooms, spinning mills and apparel manu..

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Tuesday, 17 December 2019

The Collective’s expansion plans; to double store count in 3 years

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The Collective, the luxury multi-brand retail outlet owned by the Aditya Birla Group, intends to double the number of stores in India in next 3 years. Reportedly, Rs. 60 crore will be invested in the opening of the stores. The company has already taken a step towards this by signing leas..

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Monday, 16 December 2019

Orient Craft (OC) gets recognised as ‘Champion of CSR’

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Leading Indian apparel export house Orient Craft (OC) getsrecognised as ‘Champion of CSR’by UK’sthird-largest supermarket chain Sainsbury’s and Comic Relief (UK-based NGO). OC’s various initiatives for its workers includingwomen empowerment and gender sensitivit..

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Friday, 13 December 2019

Korea’s Youngone Corp. investing Rs. 900 crore in India

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More and more garment manufacturing multinational conglomerates are entering India. In February this year, Hong Kong-based Epic Group announced the investment of US $20 million in Ranchi (Jharkhand). Now there’s another similar investment! Youngone Corporation, the Korean textile a..

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Friday, 6 December 2019

Gujarat tops list of employment generation in textile sector

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The textile industry has been flourishing in Gujarat and hence the state has been able to create jobs in the sector. According to data by Union Ministry of Textiles, the state managed to create the highest number of jobs in the past 3years, under the Scheme for IntegratedTextile Park(SITP). ..

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Thursday, 5 December 2019

Jabong’s revenue sees rise of 19% this financial year

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Jabong, the Indian fashion and lifestyle e-commerce portal, witnessed a surge of 19 per cent in its revenue in the current fiscal. Here it is imperative to mention that the cost of the online portal slumped by 6 per cent during the same period. However, the employee as well as finance ex..

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Wednesday, 4 December 2019

Bhilwara Suitings changing business strategies; offering schemes

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Bhilwara Suitings has started initiating some innovative business strategies! It is worth noting that the domestic suitings market currently accounts for only 20 per cent, whereas the contribution of export suitings is much better at 35 per cent. Therefore, the company h..

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Friday, 29 November 2019

Blackstone invests big in Future Lifestyle Fashion

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Blackstone, globally the biggest private equity firm, has invested a whopping Rs. 1,750 crore in Future Group’s flagship fashion business – Future Lifestyle Fashion. The private equity firm is investing in Ryka Commercial Ventures, the holding company of Future Lifestyle Fashion,..

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Thursday, 28 November 2019

Rent It Bae acquires Flyrobe, plans to expand internationally under the name ‘Flyrobe’

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AARK World Pvt. Ltd., the New Delhi based start-up that owns and operates fashion rental service platform Rent It Bae,has acquired the business of Flyrobe, India’s first fashion rental start-up. The company has merged the two businesses and is now operating under the brand name Flyrobe..

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Tuesday, 26 November 2019

TENCEL™ and PAUSE come together for sustainable collection

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TENCEL™, the textile specialty brand under Austria-based Lenzing Group that covers textile specialty product offerings for apparel and home, has announced its partnership with slow fashion label PAUSE to create a sustainable collection. The collection titled ‘Ethical and Edgy&rsq..

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Saturday, 23 November 2019

Techtextil India kicks off with 192 exhibiting companies

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Organised by Messe Frankfurt Trade Fairs India, the 7th edition of Techtextil Indiakicked off in Mumbaiyesterday. The three-day-long premier show for technical textilesnoticed 23per centsurge in exhibitors,as 192 companies are displaying advanced solutions in this year’s event. Tec..

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Thursday, 21 November 2019

Apparel exporters less than happy with BSM Spain

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With an import of US $ 736.7millionin 2018, Spain is one of the most important marketsfor Indian apparel exporters. Recently AEPC organised a BSM in Spain, which sawparticipation from28 Indian apparel manufacturers. As per AEPC,the event witnessed good participation fromSpanish brands and re..

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Wednesday, 20 November 2019

Delhi’s Affordable Exports starts new factory in Noida

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Despite all challenges, some of themedium-level exporters are increasing their capacities.One such exporter is the Delhi-based Affordable Exports. The firm has now started its new unit in Noida. The new unit, spread over an area of 800 sq. metres, became operational last..

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Tuesday, 19 November 2019

Bombay Dyeing reports 72% decline in net profits for Q2

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Bombay Dyeing & Manufacturing Co.Ltd.has announced its financial reports for the second quarter ended 30 September. The company has faced a 72.51 per cent decline in consolidated net profit at Rs.89.19 croreas compared to a net profit of Rs.324.51 crorein the previous year f..

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Monday, 18 November 2019

Air India to support apparel manufacturers

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Garment Exporters Association of Rajasthan (GEAR) has joined handswith Air India, the national carrier of India,with the intent to support apparel manufacturers. Ashwani Lohani, CMD, Air India handed over the agreement papers to Aseem Kumar, General Secretary, GEAR. As per the agreement,..

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Saturday, 16 November 2019

4th Edition of Uniform Garment and Fabric Manufacturers Fair begins in Mumbai next month

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Mumbai will be hosting the 4th edition of Uniform Garment and Fabric Manufacturers Fair from 17 to 19 December 2019. This was announced by Solapur Garment Manufacturers Association (SGMA). Following the success of previous editions at Solapur (twice) and Bengaluru, 2019 will see the even..

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Friday, 15 November 2019

Textile exporters’ association seeks PM’s help on release of RoSCTL dues

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TheHome Textile Exporters’Welfare Association(HEWA)is fraught with pending dues under the taxes and levies rebate scheme,and is seeking the help of Prime Minister Narendra Modi in the matter. In March, the Government had announced the Rebate of State and Central Taxes and Levies on Exp..

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Wednesday, 13 November 2019

Good Earth stores showcase The Woolmark Company x Péro FW’19 collection

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The global authority on wool, The Woolmark Company, has launched an all new Merino wool Fall/Winter 2019 collection in collaboration with Péro, which is now available to buy at Good Earth stores across India. The collectionuses the world’s best Merino wool from Australia before ..

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Tuesday, 12 November 2019

Asics expands retail presence in India

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In an endeavour to enhance its retail presence in India, Asics – sports performance brand from Japan – has launched a new concept store in Goa. The much-talked about store was inaugurated by FC Goa and other renowned Indian footballers including the likes of Manvir Singh, Jackich..

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Monday, 11 November 2019

Raymond announces demerger of its lifestyle business from the firm

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Mumbai-based textile and fashion conglomerate Raymond Ltd.has announced the demerger of its lifestyle business into a separate entity that will be listed on stock exchanges, the company said. This will create two separate companies–the new one will have the core branded te..

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Friday, 8 November 2019

FabAlley launches new digital campaign, #IMeanBusiness

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Homegrown brand FabAlley from the house of High Street Essentials Pvt. Ltd. (HSE) has launched a Fab new campaign to empower women in leadership– And that’s #IMeanBusiness. The digital campaign, #IMeanBusiness aims to move beyond soft talk and bring out the real picture of being ..

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Thursday, 7 November 2019

Not joining RCEP! Indian textile and apparel industry thanks Government

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Indian textile and apparel industry is elatedoverIndian Government’s decision to not joinRegional Comprehensive Economic Program (RCEP). And all this happens whilethe other 15 countries involved in negotiations for the mega trade pact said that they are ready to sign the deal next year..

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Wednesday, 6 November 2019

Myntra reports heavy losses amounting to Rs. 539.2 crore

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Fashion e-tailer Myntra has registered deep losses that far surpass net losses from the previous fiscal. Net losses in FY19 amount to Rs. 539.20 crore as compared to Rs. 151.22 crore the previous year – a manifold jump. Although the Flipkart-owned company had seen its reve..

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Monday, 4 November 2019

Colorjet to exhibit in the upcoming ShanghaiTex 2019!

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Colorjet, a digital textile technology provider, will be exhibiting its technological offerings at the upcoming ShanghaiTex 2019 – an international trade show focused on future textile, fashion trends and innovations. The event is scheduled to be held from 25 to 29 November in Shanghai..

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Saturday, 2 November 2019

Kenneth Cole comes to India

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Kenneth Cole, the German fashion label, is now in India.The fashion house, through Brandzstorm India Marketing, has opened its maiden flagship outlet at Infinity Mall, Malad in Mumbai.The new store, spread over an area of 1,200 square feet, offers seamless assortment of lifestyle produc..

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Friday, 1 November 2019

H&M motivates exporters on GFA; exporters have reservations on trade unions

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Focusing on global framework agreement (GFA),H&M recently heldworkshops in Delhi and Bengaluruwhere most of its Indian suppliers were present. The four-hour-long workshops delved deep intovarious aspects of GFA. Negotiated on a global level between trade unions and multinational comp..

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Thursday, 31 October 2019

Dipin Creations India to start bag manufacturing; continual focus on recycling

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Offering a variety of products is one of the successful strategies for many Indian apparel exporters,and many of them are increasing their product basket so as to grab more orders. One such company is Delhi-based Dipin Creations India. The 25-year-old company also increased its focus on ..

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Wednesday, 30 October 2019

Dipin Creations India to start bag manufacturing; continual focus on recycling

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Offering a variety of products is one of the successful strategies for many Indian apparel exporters,and many of them are increasing their product basket so as to grab more orders. One such company is Delhi-based Dipin Creations India. The 25-year-old company also increased its focus on ..

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Tuesday, 29 October 2019

Orient Craft kicks off second unit in Ranchi, third to be operational in 3 months

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Orient Craft, one of the leading apparel exporters of India, has kicked off its new unit in Ranchi, Jharkhand. Situated in the Hotwar industrial area, the new factory of 2,000 machines was inaugurated by the State Chief Minister Raghubar Das. The company is aggressively expanding in the ..

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Monday, 28 October 2019

‘Bogus’ talent search firms using professionals’ database!

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Mostof us areaware of the misuse of social media,but professionals need to be more careful of Linkedin too – especially with regardto job opportunities and the authenticity of the person or organisation thatoffersthe job. One such company is Careermark6, Bangaloreagainst whom serious a..

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