When 15 countries including the 10 ASEAN nations signing the Regional Comprehensive Economic Partnership (RCEP) deal on November 15 this year, India decided against participating as it perceived the deal could block India’s exports and spur imports, mainly from China. The China-backed deal would have ac... Read more
In June this year, home textiles major Welspun India forayed into the health and hygiene vertical by creating antimicrobial towels, sheets and carpets. Besides, antiviral products, masks and other goods, the company also launched several sleepwear products. The company started by manufacturing masks and distr... Read more
The ban on import of Chinese textiles by the US might prove to be a blessing for the Indian textile industry, spurring not just its cotton but also silk exports.
Focus on Indian cotton
China caters to around 30 per cent of cotton consumed globally. A ban on Chinese cotton globally may shift world’s fo... Read more
One of the world’s biggest fashion markets-China throws away 26 million tons of clothes every year. Less than 1 per cent of these discarded clothes are reused or recycled, which contributes to 10 per cent of global carbon emissions, says a report by the Ellen MacArthur Foundation.
Exporting used clothe... Read more
On Sunday, November 15, China and 14 other countries virtually signed the Regional Comprehensive Economic Partnership (RCEP), to create world’s largest trading bloc, encompassing nearly a third of all economic activity. The pact will cover 2.2 billion people with a combined GDP of $26.2 trillion. As per... Read more
Though India began unlocking its economy from June, normal textile production restarted much later which resulted in loss of many export orders. Ministry of Commerce and Industry stats reveal, India’s textile and apparel exports shrank almost 87.5 per cent year-on-year in April 2020. Since then, the dec... Read more
At International Textile Manufacturers Federation’s (ITMF) Hybrid ITMF Annual Conference 2020 held on October 22, 2020, the Committee of Management of the Federation elected new board members for 2020-22. Ruizhe Sun, President, China National Textile and Apparel Council (CNTAC), was elected the new pres... Read more
Despite majority of its garment factories complying with international quality standards, Bangladesh has not been able to secure orders for high value-added or high-end apparels. The country is still stuck with the production of basic fashion items. Its shift to high-end apparel production is happening ... Read more
COVID-19 forced Indian textile industry to transfer a large number of textile orders to Chinese factories for production. For example, all orders received by 100 New Delhi factories were transferred to China. To fulfill these orders, Chinese factories are opening new production lines and expanding their staff... Read more
As COVID-19 has reemphasized the need to reduce dependence of Asian imports, South African clothing retailers are planning to boost local apparel production. As reported by the Kohan Textile Journal, one of South Africa’s biggest dedicated clothing retailers, The Foschini Group (TFG), has decided to red... Read more
A new report by the RGE Group underlines its commitment to invest $200 million in next-generation textile fiber innovation and technology over a 10-year period. Released a week before the annual Textile Exchange Sustainability Conference, the report advances RGE’s ambition to develop a closed loop, circ... Read more
The Confederation of Indian Textile Industry states, India’s textile and clothing exports declined from $38.6 billion in 2014 to $37.1 billion in 2018 while imports increased from $ 5.8 billion to $ 7.3 billion. To arrest the decline in exports and boost employment in rural areas, CITI released a white ... Read more
China’s goods trade stats from January to September 2020 reveal textile and clothing exports in the first three quarters achieved faster growth than national trade in goods. From January to September 2020, China’s textile and clothing exports increased by 12.2 per cent to 1,515.67 billion yuan, as... Read more