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Changing dynamics of global fashion market

Changing dynamics of global fashion market

"The axes of global trade are shifting, amid a surge in commerce between emerging economies in the global South. The dynamics may lead to a rethinking of sourcing and pricing strategies in the year ahead. That’s why “Trade 2.0” is one of the 10 big trends to watch out for in 2019 reveals the McKinsey&... Read more

Duty disadvantages leads to a fall in Indian exports

Duty disadvantages leads to a fall in Indian exports

"As per Sanjay Kumar Jain, Chairman, CITI, India’s cotton yarn and fabric exports are struggling due to the duty disadvantage faced by exporters in major markets. There has been continuous decline in cotton yarn and fabric exports from 2013-14 to 2017-18. India’s export of cotton yarn declined 25 per cent f... Read more

Rise of the smart denim, solutions for design and sustainability

Rise of the smart denim, solutions for design and sustainability

"Designers today are equipped with the right mindset and tools to face the rapidly changing manufacturing and retail landscapes. In a panel discussion at Sourcing at Magic in Las Vegas recently, experts set out to further streamline some of the sector’s confusion. The panel titled, “Fashion Design Is All Ab... Read more

Vietnam-EU FTA to create history after seven years of wait

Vietnam-EU FTA to create history after seven years of wait

"The European Union and Vietnam are moving closer to clinching the Europe-Vietnam Free Trade Agreement (EVFTA) after nearly seven years of negotiations. The long-sought deal will boost Vietnam’s economic growth by nearly 8 per cent by 2025. As per the terms of the deal, Vietnam’s ruling Communist Party will... Read more

Indian textile and clothing exports decline in Q2 FY 18-19

Indian textile and clothing exports decline in Q2 FY 18-19

"India’s textile and clothing (T&C) exports in the second quarter of FY 18-19, dropped 5.82 per cent to $8,935.55 million over its previous quarter. The US still remains top export market for India’s T&C goods, with goods worth of $2,059.37 million exported the US. Export of knitted apparels surpass... Read more

Heimtextil 2019 showcases leading innovations in home, contract textil…

Heimtextil 2019 showcases leading innovations in home, contract textiles

"Heimtextil 2019 displayed key trends in structure, graphic patterns and health-promoting materials. The leading trade fair for home and contract textiles, held from January 8 to 11 in Frankfurt, offered an attractive backdrop for the innovations of 3,025 exhibitors from 65 countries. Graphic patterns dominated all seg... Read more

Interim Budget 2019-20: Outlay for textile sector reduced, optimism ab…

Interim Budget 2019-20: Outlay for textile sector reduced, optimism about higher IT exemptions

"Textile industry welcomed the Interim Budget 2019-20 announced by the Finance Minister, Piyush Goyal. Sanjay Jain, Chairman, CITI feels the budget will give a major impetus to the textile and apparel consumption in India by increasing the purchasing power of middle class and farmers. He feels, the announcements highli... Read more

India needs the right approach to guarantee maximum benefits from RCEP

India needs the right approach to guarantee maximum benefits from RCEP

"Despite many rounds of negotiations, the suspense regarding India’s participation in the proposed 16-member mega-trade deal, Regional Comprehensive Economic Partnership (RCEP) continues. The Indian government has engaged three consultants: ICRIER, the Centre for Regional Trade housed in the Indian Institute of F... Read more

CPTPP opens up new markets for members as US looks to join back

CPTPP opens up new markets for members as US looks to join back

"The anticipated impact of the CPTPP will be immense, as slashed tariffs encourage significant shifts in global supply chains. Its high-standard provisions on the digital economy, investment, financial services, labor and the environment establish new "rules of the road" that will have a broad country-specific and coll... Read more

Global Britain vision to focus on India-UK relationship post Brexit

Global Britain vision to focus on India-UK relationship post Brexit

"However, the present India-UK trade relationship does not look particularly special. In 2016, the UK was the fifth-largest export destination for Indian exports, behind the USA, the UAE, Hong Kong and China. It accounted for only 3.3 percent of Indian exports, valued at $8.66 billion (€7.6 billion). This is minis... Read more

CEO agenda launched at WEF meet, sets the roadmap for sustainable fash…

CEO agenda launched at WEF meet, sets the roadmap for sustainable fashion

"A new research from UNFCCC reveals, greenhouse gas emissions from textile production currently amount to 1.2 billion tons annually. This is more than the emissions of all international flights and maritime shipping combined. The fashion industry has increasingly been working on issues such as chemicals, circularity an... Read more

Macao, Malta to lead world economic growth

Macao, Malta to lead world economic growth

Global fashion industry faces a changing environment, with an economic downturn and protectionism threatening to mark the development of the two biggest world economies. Twenty years ago, China was the seventh biggest economy, post World War, globalisation led a move to the Western world. Twenty years later, China and ... Read more

Increasing cotton exports boosts profit margins

Increasing cotton exports boosts profit margins

"According to an ICRA report, the surge in exports of cotton yarn during the initial few months of current financial year helped the domestic spinners record a healthy recovery from the multi-year low profitability reported during FY2018. Cotton prices have softened with fresh arrivals in the recent months, cotton... Read more

Egypt emerges a major sourcing hub, Ethiopia to follow

Egypt emerges a major sourcing hub, Ethiopia to follow

"Rising labor costs in East Asia and tax-free access to the US market is encouraging Asian textile and garment manufacturers and Western buyers to turn to Egypt. China is planning to move 20 per cent of its production to Egypt either by setting up shop, through mergers or full acquisitions of local companies. The US-Ch... Read more

Africa emerges strong clothing, footwear sourcing destination

Africa emerges strong clothing, footwear sourcing destination

"The sub-Saharan African clothing and footwear market is worth $ 31 billion. The number of non-selected and African descent models has increased significantly, on global runways for fashion’s biggest brands. They are featured in leading fashion magazines and among most of the world’s land breaking advertisi... Read more

Tackling denim sustainability through blockchain

Tackling denim sustainability through blockchain

"One of the most popular types of clothing around the world, denim is also one of environmentally hazardous garments. A case in point is the river delta in China whose water turned blue from the washing of jeans from thenearby denim factories. Lately, many brands trying to arrive at a common consensus on the issue of s... Read more

Apparel Sourcing Show Paris:Bangladesh emerges among top RMG producer

Apparel Sourcing Show Paris:Bangladesh emerges among top RMG producer

"The recent Apparel Sourcing Show, hosted in Paris, noted that China's dominance of the global clothing manufacturing sector might soon come to an end. Bangladesh, with its lower production costs, will overtake China, with many Chinese manufacturers shifting their production facilities to the South Asian nation. A... Read more

Government schemes boost textile growth, imports cause concern: CITI

Government schemes boost textile growth, imports cause concern: CITI

"There is positivity in the entire textile value chain thanks to the pragmatic approach adopted by the government, says Confederation of Indian Textile Industry (CITI) has said. However, rising imports of textile products remains a key area of worry. As per Sanjay Jain, Chairman, CITI, the RBI Financial Stability Repor... Read more

Bangladesh: BTMA makes robust plans for future growth

Bangladesh: BTMA makes robust plans for future growth

"Mohammad Ali Khokon was recently elected president of Bangladesh Textile Manufacturers Association (BTMA) for a two-year term (2019-2020). As the President of BTMA, Khokon plans to work in the woven and knit sectors by filling demand gaps. Besides pushing the government to announce weaving as a separate sector and pro... Read more

Blockchain Technology revolutionises the global cotton market

Blockchain Technology revolutionises the global cotton market

"Blockchain technology is paving its path into the cotton market. This technology makes transactions and contracts simpler and tracing more accurate. But, the questions of reliability, scalability and governance of this revolutionary technology need to be answered before it is at a bigger scale. In October 2016, the We... Read more

GTTES 2019 to discuss trending industry topics, expand customer networ…

GTTES 2019 to discuss trending industry topics, expand customer networking

"New opportunities and prospects for the textile industry will emerge as over 400 exhibitors and 48 countries participate in the 2nd edition of Global Textile Technology & Engineering Show in Mumbai from January 18 to 20, 2019. This year, GTTES has seen 26 per cent growth by attracting about 168 companies. It has m... Read more

Additional US tariffs on China to make production expensive

Additional US tariffs on China to make production expensive

"While the trade truce between the US and China gave brands and retailers some time to plan their counteractions if President Trump levies tariffs on the remaining goods imported from China, it also extended the uncertainty over the future. Every time a new set of tariffs are announced, soft goods brands and retailers ... Read more

Digital Printing-The future of commercial printing

Digital Printing-The future of commercial printing

"Conventional textile printing is giving way to digital printing inorder to accommodate short runs, fast turnarounds, or new products. The market is supported by a complex and well-established textile supply chain, of which printers are only a very small component. Commercial printers therefore, need to focus on more a... Read more

 
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Trade War: Uncertainty grips US cotton

The prolonged trade dispute between the United States and China is affecting the US cotton mark... Read more

3rd ITMACH India 2019 to feature more exhibitors, latest technologies

More exhibitors, latest technologies, knowledge sharing sessions, larger area, global visitors ... Read more

GSP has little affect on Pakistan’s apparel trade with EU

Pakistan’s share in the European Union’s imports increased by 0.5 per cent in both ... Read more

2019 International Woolmark Prize to feature top industry experts

The 2019 International Woolmark Prize, to be held at the London Fashion Week will feature an es... Read more

Milano Unica draws sustained interest

Milano Unica was held in Italy from February 5 to 7, 2019. This is a textile and accessories tr... Read more

Lenzing introduces Tencel branded fibers

Lenzing introduced Tencel branded lyocell and modal fibres with microtechnology for enhanced co... Read more

Trident granted patent for 'Air Rich Yarn and Fabric' in USA

Trident, the flagship company of the Trident Group, one of the largest vertically integrated ho... Read more

Silver Crest to set up Andhra plant

Silver Crest will set up a readymade garment manufacturing unit in Andhra Pradesh. The factory ... Read more

Indonesia aims to be among world's top five textile industries

The Indonesian textile and textile products industry is targeted to enter the ranks of the worl... Read more

Indian textiles to do trend analysis

The Indian textile sector will start trend forecasting soon. This will help determine what will... Read more

Kimberly Glas to head US trade group NCTO

Kimberly Glas is president and CEO of the National Council of Textile Organizations (NCTO). Gla... Read more

Sangam sees a dip in Q2 net sales, profits

Sangam’s net sales for the December quarter were Rs 441.93 crores as compared to Rs 472.5... Read more

Bangladesh to open a new textile hub for apparel sector

Bangladesh is planning to establish a new textile hub for its apparel sector under the public-p... Read more

Bangladesh bogged down by illegal yarn imports

Falling yarn prices have hit spinners in Bangladesh. One reason is illegal import of low-cost y... Read more

With demand for jeans increasing, US to continue being the largest market

Strong growth in jeanswear is expected in developing markets. South America leads this growth ... Read more

India dazzles at Ambiente in Germany

India was the partner country at Ambiente, Germany, February 8 to 12, 2019. The show offered In... Read more

Fall in Aarvee Denim’s quarterly net sales

Aarvee Denims and Exports’ net sales were Rs 176.94 crores for the December quarter as co... Read more

Digital textile printing saves 40 billion liters of water in 2018

Digital textile printing saved over 40 billion liters of water worldwide in 2018. It offered g ... Read more

Viscose poses threat to habitats globally

Poor waste management of viscose factories not only pollutes nearby waters and air but causes w... Read more

ITMA 2019 FORUMS draw strong industry support

The world’s leading textile and garment technology exhibition, ITMA 2019, will be complem... Read more

KARL MAYER’s new warp knitting machine TM WEFT launched in China

KARL MAYER has developed a new warp knitting machine with the weft insertion, the TM WEFT, and ... Read more

Kornit Digital Expands Partnership with Delta Apparel

ROSH-HA`AYIN, Israel, Feb. 11, 2019 (GLOBE NEWSWIRE) -- Kornit Digital Ltd. (NASDAQ: KRNT), a c... Read more

SVS starts high-capacity Brückner coating line

Gopinath Bala, CEO and Technical Director, SAF, and Regina Brückner, CEO, Brückner. &... Read more

Monforts cuts processing time with latest mahines

Monforts is advancing in the field of Industry 4.0 and automation, with its latest Qualitex 800... Read more

Rieter’s orders down 17 per cent in 2018

In 2018 Rieter’s orders were down 17 per cent compared to previous year while sales were ... Read more

Italian textile machinery:
 fourth quarter orders drop

The orders index for textile machinery for the period ranging from October to December 2018, ... Read more

Uzbekistan undertakes textile reforms

Uzbekistan will deepen reforms in the textile industry to fully reprocess raw cotton domestical... Read more

Sourcing at Magic focuses on water conservation, tariffs, and trade

The trials and changes presently facing supply chains may have spurred attendance at Sourcing a... Read more

Pakistan: PTEA lauds liquidation of outstanding refunds

Pakistan Textile Exporters Association (PTEA) lauded the government’s move for liquidatio... Read more

Nandan Denim uses 63 per cent capacity in last nine month period

For the nine month period Nandan Denim’s capacity utilisation stood at 63 per cent. Gross... Read more

Robert Chapman receives Lifetime Achievement Award

The late Robert H. Chapman, III, who served as Chairman, Chief Executive Officer, and Treasurer... Read more

Indian exports of cotton yarn fall 25 per cent

In the last five years India’s exports of cotton yarn have declined by 25 per cent and fa... Read more

World production of all fiber rises in 2018, natural fibers on the rise

World production of all fibers rose to 111 million metric tons in 2018, a one- year increase of... Read more

World cotton production up slightly

World cotton production for the 2018-19 season is forecast up slightly, led by larger crops in ... Read more

US cotton acreage up two per cent

US cotton acreage in 2019 is expected to be 2.9 per cent more than in 201. Overall abandonment ... Read more

Rise in Indian cotton imports likely with falling domestic production

India's cotton imports may jump 80 per cent from a year ago. Production could fall to the lowes... Read more

Ludhiana gets yarn bank

A yarn bank has been set up in Ludhiana to facilitate the garment industry in procuring yarn wi... Read more