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FOF Beats Record amid the E-Commerce Turmoil
Apparel and Textile News Trade Info News

FOF Beats Record amid the E-Commerce Turmoil

While e-commerce companies are bleeding money and are also facing fundamental unit economic challenges, Fynd, the unique fashion & commerce portal Festival of Fashion (FoF) beat all previous records and claimed its leadership position in the Omnichannel fashion space of the country. The FoF that brought together a multitude of offline fashion stores under a […]

No Plan to revive closed Textile Mills in Odisha
Apparel and Textile News Trade Info News

No Plan to revive closed Textile Mills in Odisha

Although being famous for its Bomkei and Berhampuri designs, known for Sambalpuri because of its Ikat type of weaving, Odisha has reportedly not produced any textile products in last five years. State’s handlooms, textiles and handicrafts minister, Snehangini Chhuria said that government has no knowledge if any units run by the central government and private […]

Relaxation in Social Security Schemes Demanded
Apparel and Textile News Trade Info News

Relaxation in Social Security Schemes Demanded

At least 18 Indian textile associations, in a memorandum recently submitted to union labour & employment minister Bandaru Dattatreya, have urged for relaxation in some of the social security schemes such as Employees’ Provident Fund (EPF) and Employees State Insurance Scheme (ESIS). The associations have also sought flexible working hours for women which forms majority […]

Withdrawal Of VAT Hike Urged By SIMA
Apparel and Textile News Trade Info News

Withdrawal Of VAT Hike Urged By SIMA

The Southern India Mills Association (SIMA), an apex body of textile mills has appealed to the government, to withdraw the hike in VAT on petrol and diesel to save textile industry from its impact. Association chairman, M. Senthilkumar in a communication to the state’s chief minister, termed the hike as unwarranted considering that the centre […]

Brands to extend End-Of-Season-Sales till Holi
Apparel and Textile News Apparel Brands and Companies

Brands to extend End-Of-Season-Sales till Holi

Low consumer confidence in the aftermath of the November eight currency swap announcement has prevented brands from liquidating last season’s stocks as, analysts said, even discounts of up to 70 per cent don’t seem to be enough to bring back buyers of Zara’s jackets or Van Heusen apparel. Promotions, cashbacks and discounts by brands such […]

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