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Monday, 14 January 2019

Gujarat unveils new textile policy; sops to value chain

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Ahead of the Vibrant Gujarat Global Summit 2019, the Gujarat government announced the much-awaited textile policy. The state government unveiled a slew of measures to boost the industry; from credit-linked interest subsidy on loans, subsidy on power tariffs, incentives for complying with wat..

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Monday, 14 January 2019

Industry welcomes new textile policy by Gujarat govt, requests other states to take cue

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CITI Chairman Sanjay Jain has welcomed the new textile policy launched by the Gujarat Government for assistance to strengthen the textile value chain. Jain thanked the state government for being prudent and excluding the ginning and spinning sectors as there is overcapacity and focusing on v..

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Wednesday, 2 January 2019

Stäubli Will Present ALPHA 500 At Domotex

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With its ALPHA 500 carpet weaving systems of the product line Schönherr carpet systems, Stäubli supplies high-performance machinery to the world’s leading carpet producers. These highly flexible machines enable the production of a wide variety of carpets, from modern cut-pile to ..

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Saturday, 29 December 2018

Blackberrys aims over 20% growth & a strengthened retail presence for 2019

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Following an exceptionally successful year, premium menswear clothing brand Blackberrys, owned by Mohan Clothing Company, is planning to significantly increase its long-term guidance in 2019. The year 2018 witnessed immense growth in CAGR as well as retail presence, for the brand, as it revamped..

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Saturday, 29 December 2018

Delhi-based kidswear brand Catmoss Retail booked by CBI for fraud

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Delhi-based kids apparel label, Catmoss Retail has been booked by the CBI for allegedly fouling Union Bank of India by fabricating its balance sheets for the year 2009-10 and 2010-11 to avail a loan of Rs. 20 crores which was not paid back to the bank. Reportedly, after the bank filed a comp..

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Tuesday, 18 December 2018

Brazil Cotton Exports To China Rise

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Brazil exports of cotton to China and other Asian countries are expected to rise for the 2018/19 marketing year, partially stemming from US-Sino trade tensions, the US Department of Agriculture (USDA) said in a recent report. Exports are forecast to reach 6 million bales, up from 4.2 million..

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Tuesday, 18 December 2018

Uzbekistan’s Cotton Production Falls To 2.3 Million Tons

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As many as 2.3 million tons of cotton were produced in Uzbekistan in 2018, Uzbek media reports. According to the State Statistics Committee, the country collected more than 2.9 million tons of raw cotton in 2017. “Severe drought, unexpected torrential rains and winds in spring, sultry ..

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Thursday, 13 December 2018

Uttar Pradesh govt offers special discount on khadi items to tap millennials

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The Uttar Pradesh government has announced a special discount on Khadi products in a bid to boost the sales of the fabric in the region. The government will be offering a discount of 30 per cent on all Khadi products. Reportedly, a khadi park and khadi board to promote Khadi items have also ..

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Thursday, 13 December 2018

Amazon India barred from retailing Beverly Hills Polo Club items after losing counterfeiting case

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Amazon India’s fashion segment faced a huge set back recently when the Delhi High Court ordered the e-commerce giant to stop retailing Beverly Hills Polo Club merchandises via its Amazon Global Store on its India-centric marketplace. International label Beverly Hills Polo Club had file..

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Tuesday, 11 December 2018

Anita Dongre’s AND returns with the Dress Fest collection for 2018

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Anita Dongre’s first ever ready-to-wear brand, AND, has returned with its annual offering, the Dress Fest 2018, offering exclusive and exciting occasion-wear befitting the party season ahead. Celebrating the glorious feminine form, the Dress Fest collection explores prints slammed over..

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Wednesday, 5 December 2018

Future Group to explore e-commerce space again with brandfactory.in

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India’s Future Group will launch an online platform for its existing fashion retail chain; Brand Factory by February next year. The brand recently closed its online home furnishing marketplace; FabFurnish and taking Brand Factory online is being considered as a big step for the leading ret..

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Wednesday, 5 December 2018

Myntra halts its offline expansion plans after top-level exits

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India’s leading online fashion retailer Myntra has announced that it is not going ahead with its previous plans of launching 100 brick-and-mortar outlets and will rather focus to enhance its online business, including the omnichannel approach. Reportedly, the decision is taken after co..

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Monday, 3 December 2018

Comme Des Garçons’ links up designers like Gucci, Burberry, JPG & more for ‘Happy Holidays’

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In keeping with its yearly ritual, to celebrate the holidays and the New Year, Comme des Garçons has launched its Happy Holidays capsule collection. For this edition, Founder of the brand, Rei Kawakubo, has linked up with nine of the most coveted designers on the fashion scene current..

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Monday, 3 December 2018

Alcis Sports expands its presence in India, plans to double up exclusive brand outlets

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Paragon Apparel’s subsidiary brand Alcis Sports has launched two exclusive brand outlets (EBOs) in Rajasthan and Haryana respectively, as it aims to take its store tally to 15 by the end of the current year. Notably, by the next year, the company eyes to more than double its number of ..

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Friday, 30 November 2018

Green marathon runners in Mumbai don GOTS certified organic t-shirts

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The Global Organic Textile Standard, a global eco-label which is the globally renowned textile processing standard for organic textiles offered its organic apparel to the Green Marathon runners who were participating in an event hosted by SBI in Mumbai recently. It marked the second event of..

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Friday, 30 November 2018

Welspun aims for 50% revenue from innovative products

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Welspun India, Indian textile manufacturer known as Asia’s biggest Terry Towel producer, is expecting to fetch 50 per cent of its total revenue from innovation-based items by the FY 2021-22. In a statement issued, Dipali Goenka, CEO & JMD, Welspun India affirmed the media that the ..

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Friday, 23 November 2018

India witness 26% surge in cotton exports globally during April-September 2018

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The Union Textile Minister Smriti Zubin Irani recently announced that India is placed at the 2nd position as the largest exporter in the international textile trade, as cotton and yarn exports accounted for more than 23 per cent of the country’s whole textile and clothing exports. The ..

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Friday, 23 November 2018

FDCI, 6Degree launch Gen-Z for aspiring designers

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The Fashion Design Council of India (FDCI) and 6Degree have announced the launch of a new platform for aspiring designers, called as Gen-Z, which will commence with the A/W’19 season of India Fashion Week. This platform will give these talented young designers a chance to establish the..

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Tuesday, 20 November 2018

Indian exporters seek free trade with Russia

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After Bangladesh received the nod from Russia for duty-free imports, the Tirupur Exporters Association (TEA) is also seeking aid from the central government to talk and enter into a Free Trade Agreement (FTA) with Russia to garner the benefits from the potential market. In a press statement ..

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Tuesday, 20 November 2018

India’s Future Retail posts 14% hike in net profit in second quarter

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Future Retail Ltd. (FRL) has announced its Q2 results for the quarter ending September 30th. India’s leading retail chain recorded a 14 per cent surge in its profits to Rs. 175 crores as compared to the Rs. 153 crores it fetched last year during the said time period. The company also r..

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Wednesday, 14 November 2018

Overview Of Textile Sector Presents Bright Picture

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The global apparel consumption in 2017 is estimated to be USD 1.8 trillion, which formed around 2% of the world GDP of USD 79.3 trillion. EU-28 was the largest apparel consumer market worth USD 400 billion, which was followed by markets of the USA, China, and Japan. These top four markets togeth..

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Monday, 12 November 2018

Grasim’s Harihar Polyfibers unit wins Golden Peacock Award for Sustainability 2018

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Grasim Industries Limited (Unit Harihar Polyfibers), a flagship company from the house of USD 44.3 billion Aditya Birla Group, has been named as the winner of the prestigious ‘Golden Peacock Award for Sustainability 2018’ at the 18th Annual London Global Convention on Corporate Gover..

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Thursday, 8 November 2018

ASSOCHAM recognises skill development efforts in apparel industry

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Skill development plays an important role in the growth of Indian Textile industry and various institutes across India are doing their best for the same. Their efforts have been recognized by the industry body ASSOCHAM (The Associated Chambers of Commerce and Industry of India), one of the apex ..

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Tuesday, 6 November 2018

Overview Of Textile Sector Presents Bright Picture

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The global apparel consumption in 2017 is estimated to be USD 1.8 trillion, which formed around 2% of the world GDP of USD 79.3 trillion. EU-28 was the largest apparel consumer market worth USD 400 billion, which was followed by markets of the USA, China, and Japan. These top four markets togeth..

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Monday, 5 November 2018

Shades Of India debuts first menswear collection with Anupam Poddar

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Shades of India, the internationally renowned Indian brand, has unveiled its new menswear line for the very first time at its Delhi-based flagship store. The line has been created in collaboration with Anupam Poddar and is called the Duet collection tohonourthe collaboration. Due to the gaps..

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Monday, 5 November 2018

Indian smart apparel label ‘Turms’ fetches Rs. 6.3 cr fresh funding from angel investors

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Turms, Indian online apparel label, has fetched Rs. 6.3 crore from founder of Freshworks Girish Mathrubhootam and others. Some of the other investors include Ambareesh Murty, Founder, Pepperfry; Subrat Pani, Founder, OneAssist; Bijou Kurien, Former President, Reliance Retail Lifestyle and Me..

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Friday, 2 November 2018

Cricketer Shikhar Dhawan turns entrepreneur with home décor brand ‘DaOne Home’

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Much like his team mates from the Indian cricket team, Shikhar Dhawan has also forayed into the entrepreneurship by launching a home décor brand, named DaONE Home, along with his wife Aesha Dhawan. Initially, the brand will offer soft furnishing goods like bed linen, cushions and tabl..

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Friday, 2 November 2018

Universal Sportsbiz to open around 1k stores, eyes Rs. 1,000 cr revenue by 2021

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Celebrity fashion company, Universal Sportsbiz Pvt Ltd. (USPL), which is backed by former Indian cricketer Sachin Tendulkar is targeting a turnover of Rs. 1,000 crores in the next three years. The company recently secured a fresh funding of US $ 13.5 million during its fifth round of funding led..

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Wednesday, 31 October 2018

Arvind Ltd to split its apparel and engineering businesses

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Indian textile and apparel conglomerate Arvind Limited has received the green signal from National Company Law Tribunal (NCLT) for its initiative to de-merge its apparel and technology business into two separate entities. The textile major is aiming to complete the devolve of its two busines..

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Wednesday, 31 October 2018

Fabindia posts 42 per cent decline in net sales to Rs. 59 crores

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Renowned ethnic apparel retailer Fabindia has recorded its lowest sales growth in the last two decades. The brand has marked out that difficulty in sourcing due to the demonetisation initiative by the central government and rapidly increasing competition from large chains and fashion brands are ..

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Thursday, 25 October 2018

Indian kidswear brand Toonz Retail launches 15th store in UP, aims to expand more in future

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Indian kidswear label, Toonz Retail has announced its store expansion with the opening of a new store in Raebareli (Uttar Pradesh). This the brand’s 15thstore in the region, offering a vast product assortment for kids in the age bracket of 0-12 yeaThe latest store is spread across 1,500 sq..

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Thursday, 25 October 2018

Myntra launches Saif Ali Khan’s ‘House of Pataudi’ to tap ethnic wear market

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Flipkart’s subsidiary brand Myntra has introduced an exclusive range ‘House of Pataudi’ in association with Bollywood actor Saif Ali Khan. The Indian wear line co-owned by Myntra along with Khan and Exceed Entertainment, is in line with the e-retailer’s objective to captu..

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Wednesday, 24 October 2018

Oerlikon Showcases The Benefits Of Polyamide Products

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Polyamide is used in countless everyday items – from apparel, toothbrushes, carpets and automobile fittings all the way through to PC housings, dowels and pipes. For manufacturing extremely flexible, high-performance products from polyamide 6 (PA6), Oerlikon Manmade Fibers offers a broad r..

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Wednesday, 24 October 2018

Textile Ministry Set To Fix Stagnation in Textile Sector Exports

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The union government has expressed a desire to change the status quo of the country’s textile exports majorly catering to countries that have no free trade or preferential trade agreements. The indication was given by Aditi Das Rout, Trade Advisor, ministry of Textiles. She was speaking at..

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Saturday, 20 October 2018

Kidswear brand Tales & Stories planning 80 stores in the next 3 years

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Indian branded kidswear market seems divided into two kinds of brands- top global brands, and local brands. There is a gap between medium to higher kinds of brands. Tales & Stories, 3 years old Indian kidswear brand, backed by 4 decades old company Artex Apparels, Ahmedabad is successfully t..

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Thursday, 18 October 2018

Welspun India joins hands with UN Women to enhance gender equality

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Welspun India, an Indian textile manufacturer renowned as Asia’s largest Terry Towel producer has joined hands with UN Women, a subsidiary of United Nations which works for gender equality and women empowerment. The partnership will aid women employees at every level of the value chain..

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Thursday, 18 October 2018

Albini group collaborates with Oritain for 100% traceable cotton production

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Italian textile maker Albini Group has recently announced its strategic partnership with scientific traceability company Oritain so as to produce the first 100 per cent traceable Supima organic cotton. The cotton will be used in collections from global luxury group Kering, owner of the brands in..

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Wednesday, 17 October 2018

Apparel and textile sector shows encouraging trend in Index of Industrial Production

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The apparel and textile sector has shown an encouraging trend in the quick estimates of Index of Industrial Production (IIP) for August 2018, in a statement released by the Ministry of Statistics Planning & Implementation, Government of India. The monthly Index for apparel has increased ..

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Wednesday, 17 October 2018

Nylon Filament Yarn Makers Get Relief From Anti-Dumping Levy On Cheap Imports

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Indian yarn manufacturers can heave a sigh of relief with the union government imposing anti-dumping duty for a span of 5 years on import of nylon filament yarn from the European Union (EU) and Vietnam. This move is expected to protect domestic yarn manufacturers against cheap imports. The U..

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Tuesday, 16 October 2018

Textile Ministry Offers Impetus To Manipur Weavers

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The Manipur textile industry is slated to receive impetus from the Center following an assurance given by the Union Textile Minister Smriti Irani that the state will get sustained support for the growth of the industry and welfare of the weaving community besides farmers. Irani was spea..

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Tuesday, 16 October 2018

Irani Urges Odisha To Revive OTM For Receiving Textile Impetus

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The Odisha state government has received impetus for giving a boost to the textile sector in the state from the Union textile ministry on condition that they take initiative to reopen the Odisha Textile Mills (OTM) at Choudwar. The then chief minister of Odisha, Biju Patnaik had set up the mill ..

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