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Apparel and Textile News

New Textile Policies announced to reincarnate its revenue

The readymade garment sector is the largest contributor to the country’s overall textile exports and employs about 12 million persons now. The Union Textile Commissioner Kavita Gupta revealed that the relief package announced in 2016 boost the garment and made-ups sectors to create around lakh new jobs in the country. The provision of 240 days’ employment per year for workers under Section 80JJAA of the Income Tax Act to150 days…
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Apparel and Textile News

CITI and MCX signed a MoU at ATEXCON 2018

To help the textile industry to combat cotton price volatility and risk management through cotton contracts, a Memorandum of Understanding (MoU) was signed between Confederation of Indian Textile Industry (CITI) and Multi Commodity Exchange of India (MCX) on Cotton Price Risk Management. At an event attended by more than 400 delegates from India as well as from other nations such as Switzerland, Indonesia, Bangladesh, Sri Lanka and the Netherlands to…
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Apparel and Textile News

Kavita appealed for contaminated-free Cotton Fibre

Indian cotton has the highest intrinsic value and the Textile Commissioner, Kavita Gupta appealed to the trade to ensure that the fibre is contamination-free and not adulterated. Only clean fibre can be sold at a premium. The Textiles Ministry has targeted to double the textile production in the next seven years. With the domestic production of textiles at 110 billion US Dollar and exports and trade at 40 billion US…
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Apparel and Textile News

Ambassador of Norway Visits Duke Fashions

It’s a moment of great privilege and honor for Duke that His Excellency, Mr. Nils Ragnar Kamsvag, the Ambassador of Norway and Sr. Harinder Singh Khalsa, Former Diplomat at Norway & Lok Sabha visited Duke Fashions (India) Ltd. premises. The esteemed guest along with his delegates were welcomed by the Chairman, Mr. Komal Kumar Jain, Director Mr. Kuntal Raj Jain and along with his respective team Mr. Chander Shekhar, Mr.…
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Apparel and Textile News

BAA selected its First Governing Body through Open Elections

With the support from Leading buying agencies and Export Promotion Council of Handicrafts, The Buying Agents Association (BAA) came into existence which has declared its first governing body. The body formally constituted in 2016 and held its first open elections last week. The association nominated Christine E. Rai as its chairperson, Lokesh Parashar of ADK India LLC, Sumit Chabbra of Creative Concepts and Vishal Dhingra of Speciality Merchandising have been…
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Apparel and Textile News

H&M has launched its own e-commerce platform

The global fashion retailer is now focussing to enter small Indian cities by opening the majority of its stores are located in metro cities. Sweden-based fashion retailer Hennes & Mauritz (H&M) has started its own e-commerce operations in India on March 15, 2018. “India has now become the 45th global market where H&M has started its online stores,” H&M India Country Manager Janne Einola said. With the launch, consumers in…
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