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Brexit fires salvo at Bangladesh
February 2017
As major British apparel retailer Next Plc slashed its work order volume, Bangladesh has already started feeling the pinch of Brexit, claims a senior official of a sourcing company. The UK is the third largest garment export destination for Bangladesh after the US and Germany.
Powerlooms still a force to reckon with
February 2017
Today the need of hour for powerlooms is proper marketing of products in order to gain profit and flourish business activity. Maharashtra is having the highest number of powerlooms among other states. Some of the major clusters of powerloom in the state are Bhiwandi, Ichalkaranji, Solapur, Malegaon etc.
India second largest participant at Heimtextil
February 2017
Over 380 Indian companies are set to come together to showcase the country’s textile expertise at the world’s biggest home and contract textile fair – Heimtextil next week. The trade fair, regarded as the biggest and most important international platform for home furnishings and textiles, will open doors at the Frankfurt fair ground in Frankfurt am Main from January 10-13, 2017.
Demonetisation hurts apparel sales
January 2017
Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually. Consumers continue to face liquidity tightness, resulting in deferring of purchase.
SIMA hails made-ups export package
January 2017
The Union Cabinet Chaired by the Prime Minister approved certain reforms to boost employment generation and exports in the made-ups sector that has been facing challenges in the international market due to high costs of production, non-refund of State levies, high tariff barrier when compared to the competing nations such as Pakistan, Vietnam, etc.
Delhi garment fair to open on Jan 18
December 2016
India International Garment Fair (IIGF), which will be held in New Delhi from January 18 to 20, 2017, is aimed at helping exporters from India showcase their latest designs and apparels for the upcoming season, and expected to attract buyers from all over the world. India’s rich heritage of fabrics mixed with its artisans offers buyers a staggering range.
Positive signs on garment export front
December 2016
According to the Apparel Export Promotion Council (AEPC), exports of India's garment is poised to register a positive growth in 2017-18. AEPC has an ambitious target for export and job creation in the next three years. The garment export industry was poised to grow in 2017 with the initiatives announced by the government along with the good quality products aided by innovative design prowess that will drive the change for the industry.
Vietnam’s T&C export to rise 7%
December 2016
Vietnam’s exports of textiles and clothing are projected to increase by 7 per cent this year to $29 billion, far below the trade ministry’s previously-targeted $31 billion and the lowest growth in the last decade.
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