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Friday, 20 March 2020

KVIC asks Commerce Ministry to ban import of silk from China

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The Khadi and Village Industries Commission (KVIC) has requested the Commerce Ministry to ban the import of silk and silk products from China, alleging that the import of these is hurting the local silk industry in India. KVIC chairman VK Saxena in a letter to Commerce and Industry Min..

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Thursday, 19 March 2020

Kerala has ‘Corona’ textile shop!

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Here comes‘Corona Textile Shop’! While the world is facing the horror of Coronavirus apocalypse, Kerala shows something different! There is a shop in Kerala’s Muvattupuzha town named ‘Corona’. The textile shop is situated 40 km away from the commercial capit..

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Wednesday, 18 March 2020

Coronavirus effect: Apparel factories facing high absenteeism

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Already struggling with the cancellation of orders, apparel manufacturers across India are facing high absenteeism of workers. Some of the apparel manufacturers are witnessing as much as 50 per cent absenteeism owing to workers not coming backafter Holi. Majority of workers who have not come..

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Monday, 16 March 2020

Government approves RoDTEP much to the delight of apparel sector

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Textile and apparel industry has reacted positively as Cabinet approves scheme for Remission of Duties and Taxes on Exported Products (RoDTEP). It will make Indian exports cost competitive and create a level-playing field for exporters. RoDTEP, a WTO-compliant scheme, will reimburse taxes/du..

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Saturday, 14 March 2020

Indian apparel industry demands extension of interest equalisation scheme

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Indian apparel industry has requested the Government to extend interest equalisation scheme on pre-and post-shipment rupee export credit for garmenting exporting units. The scheme is in force from 1 April 2015 forfive years and is expiring on 31 March 2020. It is pertinent to mention her..

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Friday, 13 March 2020

Gartex Texprocess India postponed as Coronavirus continues to wreak havoc

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Trade shows, including apparel and fashion events, seem to be getting hit hard across the globe! And here’s another one. In response to the escalating situation regarding the Covid-19 threat, Messe Frankfurt Trade Fairs India and MEX Exhibitions with mass consent of its exhibitors have..

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Thursday, 12 March 2020

Amidst Yes Bank crisis, textile and apparel industry too get impacted

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Indian apparel manufacturers are facing heat amidst Yes Bank crisis! However, so far no major names that have been impacted have come forward. The Reserve Bank of India (RBI) has placed aggregate limit across all accounts (savings, term or current) of Rs. 50,000 on Yes Bank deposits till 3 A..

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Wednesday, 11 March 2020

Arvind unveils Festive 2020 collection ‘United by Indigo’

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Riding on the growing denim sector in India, textile-to-technology conglomerate Arvind announced the launch of its newest collection, United by Indigo which is its forthcoming Festive 2020 collection. The latest offeringbalances the legacy of authentic denim with future possibilities to capt..

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Monday, 9 March 2020

A big push for handicraft business! Now MBA with specialisation in Handicrafts Export Management

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Collaboration between trade associations and educational institutes is one of the best ways to encourage and promote young generation to be a part of theindustry and getbetter exposure. Export Promotion Council for Handicrafts (EPCH) and Tirthankar Mahavir University (TMU), Moradabad havecom..

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Saturday, 7 March 2020

Changing strategies of apparel sourcing: A rising threat for professionals

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Be it market pressure or self-aggression, buyers are becoming smart by the day. Theirapparelsourcing strategies are changingacross the supply chain and they are implementing new ways to remain competitive and ahead as far as garment sourcing is concerned. While some companies are reducing qualit..

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Friday, 6 March 2020

Textile and apparel industry raise concerns to Commerce Secretary!

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Various trade associations of South India’s textile and apparel industry metDr. Anup Wadhawan, Commerce Secretary, Ministry of Commerce and Industry in Tirupur, and raised many issues. Raja.M. Shanmugham, President, TEA;Dr. A.Sakthivel, Chairman, AEPC;Israr Ahmed, Regional Chairman, FI..

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Thursday, 5 March 2020

Indian Commerce Ministry to support industry regarding acrylic fibre

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To overcome the issue of level playing field for Indian manmade fibre industry by abolishing anti-dumping duty (ADD) on acrylic fibre for enhancing competitiveness in the value chain, Union Minister of Commerce and Industries Piyush Goyal has saidthat taking ADDinitiative to arrest large imports..

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Wednesday, 4 March 2020

Indya expands its retail presence in Delh NCR with its first exclusive store in Gurgaon

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High Street Essentials Pvt.Ltd.is expanding its retail presence across the country, with the most recent being the launch of its first exclusive Indya store in Gurgaon. This takes the total store count to 8in Delhi NCR! The newly opened outlet is brand’s largest exclusive space in ..

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Tuesday, 3 March 2020

Textile processing and tannery unit inspected in Erode, Tiruppur

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A textile processing unit and a tannery unit based in Erode, Tiruppur were inspected by a collector as they were operating in the confines of the city. The team consisting of District Environment Engineer, officials from Tamil Nadu Pollution Control Board, Tahsildar, Corporation’s Assi..

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Monday, 2 March 2020

Textile Industry appreciates CCI’s cotton brand initiative

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Brand India needs to be focused on! That’s what various stakeholders of textile value chain have always been insisting. Now Cotton Corporation of India (CCI) has come up with HIRA, an Indian cotton brand, and is planning to market the same shortly. MOT is also planning to launch a ..

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Saturday, 29 February 2020

Punjab may get mega textile park!

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If things remain positive, Punjab, one of the leading textile states of India, may get a mega textile park. The Ministry of Textiles (MoT) has proposed 10 mega textile parks across India. Notably, Tamil Nadu, another leading textile state, is expected to get one such park. A delegation o..

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Friday, 28 February 2020

Upcoming GST council meeting may bring relief to textile value chain

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The upcomingGST council meeting may witnesssome important decisionsbeing taken,which will help improve the competitiveness across the entire textile value chain. This was hinted by atop government official. Yarn, which is one of the main product segmentsof textile industry, hasnoduty, while ..

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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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