Despite minor disruptions in Q1, outlook for the Indian textile sector for the remainder of fiscal 2021-22 remains bright as revenues are likely to increase with improving operation margins due to strong demand, says latest India Ratings and Research report. Domestic demand and exports is likely to sustai... Read more
In an open letter to the chairman of Apparel Export and Promotion Council, CMAI chairman, presidents and secretaries of all garment and hosiery associations and prominent garment and hosiery manufactures, Rikhab C Jain, Chairman, T.T. Ltd has written the stats put forward by CITI and Spinning Associatio... Read more
There is a growing trend amongst footwear brands to foray into clothing market. Brands Allbirds, Public Desire, Ego, Lavair are some good examples of this. As reported by Drapers Online, Manchester-based women’s footwear etailer Public Desire launched a DTC women’s wear brand Kaiia in Septembe... Read more
Bangladesh garment makers are urging the government to lower threshold for local value addition as they are already required to add more local value to be eligible for the European Union’s proposed new generalized scheme of preferences (GSP) framework.
As per trade economists and industry insider... Read more
To curb carbon emissions and achieve net-zero by 2050, the global fashion industry needs to introduce disruptive solutions and unprecedented actions, says a new report by Fashion for Good and Apparel Impact Institute. Sponsored by HSBC, the report charts out a trajectory for the industry to meet its net... Read more