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
The synthetic fiber and cotton industries have been witnessing a steady price since September. As per a CCF Group report, the polyester and cotton industries witnessed highest price rises during the period. The future indices of a few cotton varieties like the ZCE cotton futures rose by 22.4 per cent on Octob... Read more
With profits hitting record-low levels in 2020, the fashion industry’s form was hit hard by the COVID-19 crisis in 2020. The pandemic continues to spell doom in 2021, with fashion retailers still experiencing delayed deliveries amid more online shopping. A recent report by equity analysts Michael Field ... Read more
The government has played a key role in the turnaround of India’s textile sector. The initiatives it introduced in the last two years, is boosting sales that had slumped to $75 billion during the pandemic, to $300 billion by 2025-26. Exports of technical textiles exceeded imports by Rs 2,998 crore in FY21 as a re... Read more
Clothing production more than doubled in the 21st century as consumer spending increased and operational costs reduced. The rise of fast fashion culture further revolutionised the apparel business as production cycle churned out latest fashion trends on a weekly basis. However, production techniques lagged as... Read more
The spandex market in China set a new high in the third quarter of this year. The domestic price of 20D Spandex reached 117,524.90 yuan per metric ton during the quarter due to a high market demand and tight supply. It was 49,214.29 yuan per metric ton in January 2021, which increased substantially by 70.20 p... Read more
Making a grand return post-pandemic, the upcoming edition of Techtextil India will be held in a hybrid format from November 25 to 27, 2021 at the Bombay Exhibition Centre in Goregaon, Mumbai. The event will attract all leading technical textile players from across application areas. Some top technical textile... Read more
The European Union (EU) has threatened to suspend Sri Lanka’s GSP+ Plus status on account of its failure to adopt human rights reforms and repeal the Prevention of Terrorism Act. This has ignited much speculation in Sri Lanka, on the potential costs and its impact. A Sukumaran, Chairman, Joint Apparel A... Read more
On an average, the fashion and textile industry uses around 8,000 synthetic chemicals to convert raw materials into final products. These chemicals pose health hazards not only to people using them but also fresh water systems. As per a World Bank report, the industrial water pollution generated by ... Read more
Recovering from the pandemic shocks, Pakistan’s textile exports are set to grow to $22 billion in FY22. Most of this growth will be driven by the introduction of supportive policies by the government and stabilization of the industry.
As per a Global Village Space report, Pakistan’s textile indus... Read more