With COP 27 underway at Egypt’s Sharm El Sheikh, the fashion industry and its associates are present in large numbers to attend exhibitions, discussions and announcements pertaining to the sector that is under the spotlight for its excesses. For a while now, the global fashion industry has bee... Read more
The US Cotton Trust Protocol established in 2020, has become the international benchmark for the sustainable farming of cotton worldwide in two years. Its commitment, transparency, meticulous data capture and aggregation that leads to annual reports has won over more than 40 global brands as members, such... Read more
Gujarat’s industrial clusters are losing order volumes and revenues to falling demand. As orders dwindle, operating margins are shrinking.A trifecta of headwinds — high domestic cotton prices, dwindling exports and grossly underutilized capacities — has eroded the profitability of ... Read more
The Global Organic Textile Standard (GOTS) which was set up by leading standard setters to define worldwide recognized requirements for organic textiles is now forming many new rules to increase its credible assurance and protect the integrity of the organic cotton supply chain.
The GOTS certification en... Read more
With the deadline of importing duty-free cotton in India finally over on November 1, when the new season began, Indian cotton industry is in a fix. Recent disruptions in global supply chain have delayed India-bound cotton imports from Australia and the US which are stuck in transit, coupled with an ... Read more
Worldwide, the textile sector is bracing itself for a challenging time ahead. Whilst industry pundits are assuring that is a short term challenge, the repercussions of the impending recession in the Western world are beginning to hurt nations that rely on textile export for revenue and employment. T... Read more
A troika of headwinds — elevated domestic cotton prices, lower exports and capacity utilisation — can unravel the operating margin of India’s cotton yarn spinners, so says Crisil.
Yet their credit profiles will be only slightly impacted because capital expenditure (capex) will be ... Read more
Fashion industry is always the scapegoat when it comes to pollution and environmental damage. While many experts claim the industry is second biggest global polluter in after oil and is responsible for 20 per cent of water pollution and 10 per cent of carbon dioxide output, there is no stron... Read more
Every cloud has a silver lining and the rise of online shopping during the pandemic has proved just that. Direct-to-Consumer (DTC) companies are currently raking in profits like never before as a large number of customers used to the ease of online shopping, still prefer it over visiting physical st... Read more
The export chain of India to other countries is now undergoing a metamorphosis in post-pandemic years. India’s merchandise exports to all destinations grew 19.5 per cent in the first five months of this fiscal to $196.5 billion, and a handful of countries have had a major role to play in this. The N... Read more
The global fast fashion market size is expected to grow from $91.23 billion in 2021 to $99.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.8 per cent. The fast fashion market is expected to grow to $133.43 billion in 2026 at a CAGR of 7.7 per cent. Whilst the numbers look very attrac... Read more
Second only to China, Bangladesh carved out an awe-inspiring success story in the global RMG supply. Exports worth $42 billion last year contributed 83 per cent to its total export volume. Whilst the RMG sector continues its growth, the two-year long pandemic and drop in demand for RMG imports from ... Read more
The Indian textile and apparel sector’s export turnover from April to July 2022 was $12.89 billion. The data released by the Confederation of Indian Textile Industry (CITI) recently indicates this sector could face numerous challenges in future. Textile export sector took the biggest hit with ... Read more