Textile

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Despite shutting shop, Gap, Benetton continue to inspire future busine…

Once renowned as ‘category killers’, fashion retailers Gap and Benetton now face an uncertain future with Gap closing all its stores across the UK and Ireland, and Benetton no longer being in demand. However, the brands continue to inspire fashion lovers across the world with their rich history wr... Read more

Healthcare and military sectors to drive conductive textiles market ti…

Largely used in smart textile applications such as sensors, heating textiles and electrostatic discharge clothing, conductive textiles are seeing higher demand with the spread of COVID-19. These textiles basically comprise fabrics woven with metal or carbon that are mostly used in the fitness apparel and heal... Read more

Europe’s textile and clothing sector recovers, Q2 growth above 2019 le…

An important part of its manufacturing sector, the textile and clothing sector plays a crucial role in ensuring the economic and social well-being of European countries. With around 160,000 companies operating in this space and 1.5 million workers, it is an essential pillar of the economy across many EU regio... Read more

CmiA teams up with AbTF to uplift African cotton farmers’ lives

Besides impacting global ecosystems, climate change also compounds problems for small farmers across the world. To help them, Cotton made in Africa (CmiA) teamed up with Aid by Trade Foundation (AbTF) aiming to improve their working and living conditions, and protect the environment. The mandate to assess res... Read more

US emerges the largest importer as India’s home textile exports rise i…

The largest exporter of home textiles after China, India witnessed a significant increase in home textiles shipments this year. As per a Textile Value Chain report, India’s exports of home textiles including blankets and travelling rugs increased to $108.24 million in July 2021 from around $79.01 in June 2020... Read more

Focus on core issues will help Bangladesh benefit from new GSP scheme

The new generalized scheme of preferences (GSP) proposed by the European Commission is likely to limit Bangladesh’s gains from the current ‘GSP plus’ scheme, says a report by the Daily Industry. The report suggests, focusing on core issues like climate protection and good governanc... Read more

China-Cambodia FTA heralds a new era in trade corporation during pande…

In October last year, Cambodia signed a free trade agreement (FTA) with China to boost its COVID-19-hit economy. As per a Business Times report, the agreement includes development of infrastructure and connectivity projects to facilitate transportation of goods between the two countries. The FTA was signed un... Read more

Diplomacy and support may help Bangladesh benefit from new GSP rules

Originally framed on the recommendations of UNCTAD in 1971, the Generalized Scheme of Preferences (GSP) enables developing nations export their products to the European Union. The scheme aims to boost the export earnings of developing nations and boost their economic growth. To improve some of the key feature... Read more

Speed up FTAs to boost India’s global competitiveness, says SIMA chair…

SIMA’s newly elected chairman Ravisam, has urged the government to expedite the process of signing FTAs with new countries. He says, though most global brands and buyers prefer Indian textiles and clothing for their robust quality and other advantages, India has not been able to increase expor... Read more

China’s CPTPP membership could create hurdles for US’ textile industry

Textile and apparel companies have been on a high alert ever since China submitted its application to join the 11-member Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). They believe China’s potential accession to the CPTPP could create unprecedented challenges for the West... Read more

Sustainability pressures compel brands to relook raw material choices

The pandemic has accelerated demand for clothes made from performance fabrics because of its moisture-wicking, anti-odor and cooling properties they offer. As per a Women’s Wear Daily report, consumers are seeking not just presentable but also versatile garments. This has created demand for fabric... Read more

Apparel dominates Brand Finance’s 2021 luxury brands list with 62% val…

In 2021, 62 per cent of the total value generated by the world’s top 50 valuable luxury and premium brands was from apparel brands reveals 2021 Luxury and Premium 50 report by Brand Finance. The report states, 30 apparel brands dominated the ranking. However, the value of these brands declined due to CO... Read more

PLI scheme will make Indian textile industry self-reliant

Fuelling industrial growth since the pre-British era, Indian textile industry is likely to reach a value of $300 billion by 2035. Currently, textile and apparel exports account for 11 per cent of India’s overall merchandize exports. Export growth is being driven by the growing urbanization and rising in... Read more

Diversification can help Vietnam lift production amid latest COVID-19 …

The outbreak of COVID-19’s Delta variant has paralyzed Vietnam’s garment industry. Though factories are allowed to operate they have to provide accommodation or transport for workers, leading to a sharp increase in expenses. This has disrupted manufacturing activities in Vietnam, as per a Business... Read more

Cotton prices to be bullish this year predict analysts

Cotton futures contract reached a 7.5-year high in August as falling global supply gave a boost to demand from China. A report by execution-only service provider Capital.com says, the benchmark intercontinental exchange (ICE) cotton contract for October delivery hit 96.27 cents a pound (lb) on August 27. Alth... Read more

Collaborations to be key for future textile industry growth

Collaborations are an important part of supply chain management in the textile industry. They help the industry create the right textile product for application. To highlight the importance of partnerships in the industry, MIT and the Fashion Institute of Technology (FIT) published an instruction manual descr... Read more

Brand commitment can help American lawmakers address forced labor issu…

Time and again, American customs officials have detained goods suspected of being made by forced labor. As per an AOL report, the US has been detaining goods suspected of being made by forced labor since 1930. This fiscal year, American Customs and Border Protection, or CBP, detained at least 967 shipments wo... Read more

Production revamp and consumer awareness can boost leather use in fash…

Time and again, industry experts have reiterated the importance of leather as one of the most sustainable materials for the fashion industry. Yet, consumers continue to be lured by global campaigns focusing on plastic-based materials. Also, clothing and footwear manufacturers continue to use plastic-based mat... Read more

PLI Scheme to boost India’s MMF-based garment exports to Japan

World’s third largest importer of textiles and apparels (T&A), Japan’s imports in the category grew by 1.2 per cent CAGR from $35.37 billion in 2015 to $37.14 billion in 2019. Meanwhile, exports during the four-year period declined 0.3 per cent from $7.84 per cent in 2015 to $7.74 billion in 2... Read more

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