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CITI calls for a uniform GST on all MMF products

"According to Jain, the implementation of GST has led to an increase in import of all MMF products. Particularly, the imports of MMF yarn and apparels have increased by 83 per cent and 84 per cent respectively. The main reason for this increase is the removal of CVD post GST, which made imports cheaper by over 12 per c... Read more

Taiwan’s textile sector evolves with smart manufacturing, eco-friendly mate…

"Over the last 60 years, Taiwan has evolved from a mass supplier to an innovator equipped with a comprehensive yet integrated value chain and developer of high value added products and functional textiles. One of the most significant sectors of the manufacturing industry, the textile industry now ranks among the top se... Read more

China dominates world cotton fabric market with production and exports

"A new report ‘Asia – Woven Fabrics Of Cotton – Market Analysis, Forecast, Size, Trends and Insights’, reveals revenues of the cotton fabric market in Asia increased by a meager 2 per cent to reach $43.9 billion in 2018. Though the overall consumption of cotton fabric in China witnessed a steady... Read more

Countries vie to be the next apparel manufacturing destination after China

"With both Bangladesh and Vietnam registering steady export growth, competition between the two countries to become the next manufacturing destination alongside China is becoming intense. Statistics reveal, Bangladesh is the second largest and Vietnam the third largest apparel exporter in the world. While Bangladesh is... Read more

Study deliberates India’s participation in the RCEP and FTAs

"Though majority of the industry leaders believe trade agreements (FTAs) are not beneficial for Indian economy, a new research policy paper by former commerce secretary Rajeev Kher and Ram Upendra Das, Head of Centre for Regional Trade, an autonomous body promoted by the commerce ministry, offers a contrary view. The r... Read more

SIMA awards top 10 performing group of mills

"At the 13th CEO Conference held on September 09, 2019 at The Residency Towers, Coimbatore, top 10 performing group of mills were awarded with the SIMA Technofacts Award for the year 2018-19. The awards were given away by the Chief Guest, CK Ranganathan, Founder Chairman, Cavinkare" At the 13th CEO Conference ... Read more

Brands adopt ‘no-waste’ policy as recycling gains ground

"From top fashion brands like H&M and Gucci to small fabric companies, all fashion lovers are making conscious efforts to reduce the colossal amount of waste filling our landfills every year. Luxury brand LVMH Moët Hennessy Louis Vuitton recently signed a five-year biodiversity partnership with UNESCO, committ... Read more

Transparency pushes luxe brands to create videos to showcase credibility

"A recent survey by Label Insights reveals, millennial consumers are curious about the companies they buy their clothes from. They covet transparency and honey and prefer to buy only from brands that are transparent. Apparel companies like LVMH’s Dior, Chanel, Gucci and Prada are therefore, supplementing visually... Read more

US consumers prefer the ‘Made in USA’ label in clothes to boost domestic se…

"Gone are the days when around 95 per cent of the clothes sold in the US were also manufactured in the country. Now, finding apparels made in the US is almost like finding a needle in a haystack as around 97 per cent of all clothing and 98 per cent of all footwear is imported." Gone are the days when around 95... Read more

Brands in China facing tough competition on digital platforms

"The Chinese fast fashion market has been in doldrums since the last two years with overseas brands struggling with declining profits. Brands like H&M and Forever 21 have been rolling back planned expansions as the recent annual report of H&M reveals. The brand’s net sales have declined from 7 per cent in... Read more

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Lack of knowledge hampers growth of plus-size market

"Miniscule in size as of now, plus size start-ups are searching for venture capitalists who can change the dynamics of their business by providing them adequate funds. However, Nadia Boujarwah, Cofounder of the plus-size personal styling service Dia&Co, notes investors usually try to match their current opportuniti... Read more

The circular fashion movement to shape core value system in future

"Around 60 per cent of Indian textile industry, projected to grow $223 billion by next few years, is cotton-based. Cotton cultivation consumes around 25 per cent of the world’s pesticides which is fast becoming a major cause of concern for the industry. Textile is the one of the biggest contributors of both dry a... Read more

Global apparel brands welcome new Indian FDI rules on single brand retail

"The government has relaxed FDI rules for foreign single brand retailers. It has also permitted 100 per cent FDI under the automatic route in contract manufacturing and coal mining and a 26 per cent FDI in digital media. Also, the government has expanded the definition of mandatory 30 per cent domestic sourcing norm fo... Read more

Denim becomes up market with new luxury features

"A new luxury or premium look is giving the traditional five-pocket denim a life beyond basics. New denim makers are responding to the changing mindset of consumers who now prefer brands that offer comfortable styles and designs besides using sustainable fabrics and adopting responsible manufacturing practices." ... Read more

India’s T&C exports grow 2.4 per cent, US continues to be largest marke…

"Though India’s textile and clothing (T&C) exports grew 2.04 per cent to reach $37,497.18 million in FY 2018-19, apparel exports declined 3.38 per cent in the last (FY 18-19) to $16156.27 million. Of this, woven apparels ruled the segment with exports of $ 8,335.91 and accounting for 22 per cent in the total ... Read more

Multinationals gear up to tackle labor exploitation in sourcing factories

"Although shares of Fast Retailing, the Japanese company behind clothing brand Uniqlo, surged more than 75 per cent over the past year due to its steady expansion in overseas and endorsement deals with tennis star Roger Federer and golfer Adam Scott, around 2,000 of its Indonesian laborers were laid off with unpaid wag... Read more

Unlocking India’s cotton potential needs more focus on seeds, production

"In stark contrast to being crowned as the largest cotton producer in the world in the crop year (CY) 2015-16, India’s cotton production fared poorly in CY 2018-19 due to a 20 per cent rainfall deficit. The country’s production declined last year too by around 11 per cent over decadal average cotton product... Read more

Outdoor apparels get a modern touch with new designs and styles

"It’s been nearly a decade since designers reinvented activewear for everyday use, their popularity continues to soar. This was particularly evident at the recent Outdoor Retailer Summer Market, where many brands launched their spring collections that included leggings and tailored, fitted pullovers Enhanced with... Read more

Zara’s sustainability moves positive but needs indepth approach

"Making sustainability its immediate goal, fast fashion giant Inditex the makers of Zara pledged to only use organic, sustainable and recycled materials like cotton, linen and polyester in all its eight brand’s collections by 2025. The latest fast fashion brand to join the sustainability bandwagon, Zara was influ... Read more

Women’s clothing imports from China faces US tariffs

"For the first time, the next round of tariffs by the Trump administration will target apparel imports from China. A 10 per cent tariff will be levied on all clothing and shoes imported from China from September 1. 2019. As per Wall Street Journal’s analysis, these tariffs will have a greater impact on women&rsqu... Read more

India: Boost synthetics, low duties, compliance to revive textile industry

"With low growth in synthetics, Indian apparel industry stands to be less competitive. The synthetic segment in India failed to make a mark in the global market because of low exports, low wages in factories producing synthetics and low investments in the sector. Indian textile units run for only six months in a year t... Read more

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