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Good in part!
The Budget 2018-19 is good in part for the textile industry thanks to corporate tax cut for MSMEs and higher allocation of ATUFS. The ITJ Cover Story takes stock of the Budget implications and the industry’s reactions.
Largest intimate wear trade show in Kochi
Intimasia 2018 (Kochi) Asia’s exclusive fashion trade show dedicated to lingerie and intimate wear, will be held from March 8 to 10, 2018 at Adlux International Conventional Centre, Kochi. INTIMASIA (KOCHI) debuts in one of the fastest growing sector of the apparel industry in India, the most promising consumer segment, an arena that has recently not only increased in the volume of sales but also in the value.
CITI’s 9th ATEXCON to be held on March 14
The Confederation of Indian Textile Industry (CITI) will be organising its 9th Asian Textile Conference (ATEXCON) on March 14, 2018 at Hotel ITC Maratha, Mumbai.
Is US apparel market dying?
A recent Bloomberg report over the changes in consumer behavior of US customer raises serious questions on the pattern of income spending which seems to be anti-clothing and pro-travel & food . This is an early sign of a big problem for the Apparel Industry.
Levi’s posts record growth
When there is a evident global pressure over consumer demand , Levi’s financial result has come as sigh of relief for the international apparel industry.
Boost for textiles exports
Finance Minister Arun Jaitley in the Union Budget 2018-19 raised special package by 19 per cent to Rs 71.48 billion for apparel sector to boost exports. In 2016, the government had announced a special package of Rs 60 billion for the same purpose.
Men’s designer apparel market to hit $33 bn
The global market for men’s designer apparel is projected to reach nearly $33 billion in 2020, up 14 percent from $29 billion in 2015, according to Euromonitor International.
Apparel exports increase in Nov
There has been an increase in Textile & Apparel (T&A) exports in November 2017 after witnessing decline since May last year.
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