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Apparel and Textile News

ITF surmises a drop in Cotton Prices

The speculative increase in the cotton price this week to the tune of Rs. 1,500 per candy is for the short-term only and the price would gradually come down, Indian Texpreneurs Federation (ITF) felt. "There are issues in the ‘quality of crop’ in the current cotton year in a few states, overall there would not be much drop in cotton crop this year," ITF convenor Prabhu Dhamodharan said. He added…
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Apparel and Textile News

Licensing programme to increase Cotton USA labeled products

Cotton USA, manufacturer of cotton products and promotes cotton fibre from US globally, promote cotton textiles at the Taipei Innovative Textile Application Show (TITAS) in Taiwan. The show being the important textiles events in Asia was held for local textile industries to promote innovative textiles. At the show, CCI recruited Genquo and Weavism, two new apparel brands to enter the Cotton USA Licensing program. The licensing programme will increase the…
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Apparel and Textile News

American Eagle Outfitters Constricts Net Loss

An American clothing retailer, American Eagle Outfitters has revealed its financial year results for the third quarter ended October 28, 2017. Its total revenue during the quarter increased by 2 per cent to 960 million US Dollar against 941 million US Dollar same quarter last year. However, the gross profit of American Eagle Outfitters declined from 378 million US Dollar last year to 375 million US Dollar this year. The…
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Apparel and Textile News

Indian Govt releases mid-term Review of FTP to help exporters

To boost exports in the country, the mid-tern review of the Foreign Trade Policy (FTP) 2015-20 released by the Indian government has announced a slew of new measures that will boost to trade facilitation and has given thrust on ease of doing business. “The mid-term review of FTP will leverage the long term advantages of GST in terms of reduced compliance and logistics costs,” Union Commerce and Industry Minister Suresh…
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Apparel and Textile News

6th Edition of MTG Begins Today in Myanmar

To increase the growth of exports, The sixth edition of Myanmar International Textile and Garment Industry Exhibition (MTG) begins today in Yangon, Myanmar. The purpose of the fair is to meet the strong demands for new machinery equipment and fabrics made by the cut-make-pack (CMP) garment makers in Myanmar. The three-day event witness around 350 exhibitors from 13 countries to present solutions for the textile and garment manufacturing chains. There…
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Apparel and Textile News

AEPC to increase apparel export from Gujarat

Apparel Export Promotion Council (AEPC) is planning to set up office in Ahmedabad to boost apparel export from Gujarat. It will also bring in the required international exposure and opportunities for the textile and garment industry. Being the highest cotton producing state, Gujarat has a burgeoning textile industry but the exports from the state, especially those for apparels are relatively low. The AEPC's office which will be operating out of…
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