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Investor Summit 2018 scheduled to promote the Textile Industry

UP State Government has approved the ‘UP Handloom Garment Policy 2017’ ahead of the two-day Investor Summit 2018 scheduled to be held on February 21 and 22. To promote the textile industry in the state the decision was taken at the Cabinet meeting, presided over by Chief Minister Yogi Adityanath, on December 26, 2017. However, the Handloom Garment Policy has come as a relief the industry as a whole whereas…
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Apparel and Textile News

Wool Runway Unveils new level of Innovation and Technique

After the success of last year’s Wool Runway, a design challenge for university students, The Woolmark Company has successfully completed the second edition on another high note. Envisioned as a celebration of tertiary fashion designers, the competition also educated young designers on working with Merino wool. India’s leading fashion universities, NIFT (Mumbai, Delhi, Gandhinagar, Shillong, Bengaluru, Chennai, Hyderabad, Patna and Kolkata), NID (Ahmedabad and Gandhinagar) and Pearl Academy (Mumbai, Delhi- Noida,…
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Apparel and Textile News

Achievements By Textiles Ministry In 2017 To Promote Textile Sector

1. First Mega International trade event- “Textiles India 2017” The first ever mega international trade event for the textile sector was organized in Gandhinagar, Gujarat from 30 June, 2017 - 2 July, 2017 to showcase the incredible strength and range of India’s textile and handicrafts industry. The event recorded participation from more than 100 countries and generated business and business enquiries of about Rs. 3, 50,000 lakh.  A total of 65…
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Apparel and Textile News

SCBTS creates employment opportunity in the Textiles Sector

A new skill development scheme, the Scheme for Capacity Building in Textile Sector (SCBTS) is approved by the Union Cabinet Committee on Economic Affairs (CCEA) on Wednesday with an outlay of Rs 1,300 crore till 2019-20. The scheme will provide demand driven and placement oriented skilling programmes to create jobs in the textile sector. Not only it will incentivize the efforts of the industry in creating jobs in the organized…
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Apparel and Textile News

Respondents reporting higher production has fallen in Q3: FICCI

The quarterly survey done by Federation of Indian Chambers of Commerce and Industry (FICCI) on manufacturing suggests not much positive outlook in the October-December quarter of fiscal 2017-18. On citing the survey, they figured out that the percentage of respondents reporting higher production in third quarter has fallen compared to the previous quarter. Referring to the survey, around 47 per cent respondents reported higher output growth during the third quarter…
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Apparel and Textile News

Shoppers Stop is revamping to retain its position

Facing tough competition from e-commerce platforms like Flipkart and Amazon, India-based retailer Shoppers Stop noted a decline of per cent in its revenue from Rs. crores during the second quarter of 2016 last year to Rs. crores in the same quarter of the current financial year. To retain its position in the retail business, Shoppers Stop has appointed Rajiv Suri as its new chief executive officer (CEO). The appointment has…
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