Prime Minister Narendra Modi inaugurated the four-day Bharat Tex Expo 2024 at Bharat Mandapam, heralding it as the world's largest textiles event. In his address, PM Modi underscored the government's dedication to integrating all facets of the textile value chain, encapsulated by the strategy of the five F&... Read more
India and the UK are inching closer to a Free Trade Agreement (FTA), with potential significant impacts on the textile and apparel industry. While negotiations are ongoing, there are numerous anticipated effects on both imports and exports from this perspective. Data from the Global Trade Research Initiativ... Read more
With cotton prices soaring to unprecedented heights globally, India stands at a pivotal juncture. The surge in international markets presents an opportunity for export growth, yet it also poses significant risks to the domestic textile industry's sustainability. This conundrum creates a complex landscape fo... Read more
In the bustling heart of Paris, the Texworld Apparel Sourcing Paris event saw a convergence of nearly 8,000 international visitors eager to engage with 1,300 exhibitors from around the globe. Held at the Paris Expo Porte de Versailles from 5 to 7 February 2024, this year's event boasted a boldly designed sh... Read more
The influx of Chinese fabrics into India has become a contentious issue, raising concerns about unfair competition, job losses, and the fate of the domestic textile industry. This influx raises concerns about legality and the future of domestic manufacturers. The issue is fairly complex.
Policy tailwinds f... Read more
The textile industry, a crucial spoke in India and China’s GDP economic growth, has become a battleground for anti-dumping duties (ADD), raising concerns about business losses and the future of trade relations.
Tit for tat ADDs
Both India and China have imposed ADD on imports from each other. ... Read more
Despite a tough 2023, marked by declining exports and shrinking employment, Turkish textile and apparel industry remains cautiously optimistic for 2024. While acknowledging ongoing challenges like high inflation, increasing production costs, and slow European market, industry leaders point out to strategic ... Read more
The recently concluded Milano Unica, held from January 23rd to 25th, 2024, showcased latest trends, fostering connections, and driving business forward. Here's are the key takeaways.
Strong buyer presence: The event saw a surge in international buyers, indicating renewed confidence in the industry's post-p... Read more
The Fashion Pact, a heavyweight alliance of fashion giants united under the banner of sustainability, has released its ‘Unlock’ report, a roadmap for a climate-friendly future for cotton. But instead of a resounding chorus of applause, the report has been met with a mixed bag of reactions, with ... Read more
The 3rd Mumbai edition of ‘Gartex Texprocess India’ commenced today at the Jio World Convention Centre, Mumbai. The event, dedicated to garment and textile manufacturing, promises a platform for innovation and collaboration within the industry.
Government's support for indigenous manufacturing&... Read more
The Indian textile industry presented a mixed response to the interim budget announced today, welcoming government focus on investment and R&D while expressing concerns about slow implementation of schemes and continued financial stress. The industry seeks immediate relief for the financially stressed s... Read more