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Invest India Drives USD 6.1 billion Investments, Generates 31,000 Jobs

Invest India, the National Investment Promotion and Facilitation Agency under

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VIRGIO Earns Back-To-Back Recognition For Transparent Fashion Vision

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Relief Package Will Boost Pak Textile Industry
Apparel and Textile News Global News

Relief Package Will Boost Pak Textile Industry

All Pakistan Textile Mills Association Chairman, S M Tanveer has said approval of a timely relief package by Prime Minister would lead to resurgence of the beleaguered Pak textile industry and reaping the socio-economic benefits for the country through a strong textile industry, according to a Pakistani media report. “A billion dollar investment for structural […]

Chinese Move Affect Textile Exports
Apparel and Textile News

Chinese Move Affect Textile Exports

The Indian textile industry is already coping up with lower demands in the global markets. But the move by Chinese government allowing its official currency, Yuan, to decline by about 4 per cent against the US dollar is expected to adverse impact on textile exports from India. The impact of this move by China on […]

Prison Department to Launch Fashion Apparels
Apparel and Textile News

Prison Department to Launch Fashion Apparels

Taking a cue from the success earlier the Prison department is all set to launch its clothing line targeting the fashionable society. The line of fashion wear under the brand ‘Free Fashionista’ will hit the market next month under the tagline ‘Threads of freedom’. The initiative is the brainchild of a senior police officer. The […]

Slowdown in GDP Growth Triggers Concern
Apparel and Textile News Global News

Slowdown in GDP Growth Triggers Concern

India’s economy grew 7 per cent in the first quarter of the current financial year, well below expectations and slower than the preceding three-month period, denting the Modi government’s optimism about a strong recovery and adding to pressure on the central bank to cut rates. The core sector index which measures the output of eight […]

Monsoon Delay Affects Cotton Farmer Sentiments
Apparel and Textile News

Monsoon Delay Affects Cotton Farmer Sentiments

The delay in monsoons has affected the sentiments of growing cotton farmer in many parts of the country, according to a report of the Indian Cotton Federation (ICF). “Cotton growing farmers in areas surrounding Guntur in Andhra Pradesh, a few areas in Marathwada, some areas near Raichur in Karnataka and some pockets of Saurashtra in […]

Big Demand of Khadi in Bihar before Election
Apparel and Textile News Events and Exhibitions News Retail News

Big Demand of Khadi in Bihar before Election

With elections round the corner, shopkeepers in the Bihar dealing in khadi apparels are making a huge business as political workers, especially from the NDA camp, are making a beeline for these shops to purchase Narendra Modi-style half-sleeve kurtas and ‘angvastrams’. Most of the khadi shops at Maurya Lok Complex, MLA Flats campus, Boring Road, Hathwa […]

China Crisis may Hit Textile Machinery Sector
Apparel and Textile News Global News

China Crisis may Hit Textile Machinery Sector

The ongoing financial turmoil in China is likely to lead to a global slowdown affecting the textile machinery manufacturing industry in return. The effects will likely be felt by 2016, according to a leading machinery manufacturers’ association. “I am positive for 2015 as we currently enjoy buoyant order backlogs, but I feel concerned about a […]

Separate Ministry for Retail Trade Sought
Apparel and Textile News

Separate Ministry for Retail Trade Sought

The Confederation of All India Traders (CAIT) has sought Prime Minister Narendra Modi’s intervention in formulating a national trade policy for the retail sector and setting up a separate ministry of internal trade. In a communication to the Prime Minister, CAIT said that except retail, all other sectors like small industries, farmers and labourers have […]

E-commerce Industry Maintains Growth
Apparel and Textile News

E-commerce Industry Maintains Growth

A study by ASSOCHAM – PricewaterhouseCoopers (PWC) has found that the Indian e-commerce industry appears to be unaffected by the demand slowdown and is likely to clock a compounded annual growth rate (CAGR) of 35 per cent and cross the 100-billion US dollar mark in value over the next five years. It valued the e-commerce […]

World Textile Trade Declines
Apparel and Textile News Global News

World Textile Trade Declines

World textile export trade and clothing declined by 7.32 per cent from 316.06 billion US dollar during Jan-May 2014 to 292.93 billion US dollar during Jan-May 2015, the Cotton Textiles Export Promotion Council (Texprocil) said in its overview of current trade in textiles & clothing. The document cites figures from Global Trade Information Services, Inc. […]

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