Textiles Industry news and views

DGFT bans export of cotton until further orders

Textiles News by JosephVackayil on Mar 5 2012

The government has banned exports of cotton to increase its supply in the domestic market.

Garment exporters seek steps to make exports competitive

Textiles News by JosephVackayil on Mar 5 2012

Garments Exporters Association (GEA) has forwarded its Pre-Budget recommendations to the Union Finance Ministry, to make the export sector more competitive and profitable. `` This is because rising input costs, tight liquidity conditions with steep hike in interest rates, lack of business confidence because of uncertain political conditions along with other adverse global and domestic conditions have reduced the competitiveness of Indian garment exporters, who are finding it difficult to steer their ship in a rough global weather, Mr. Rakesh Vaid, President, GEA has said.

Emerging markets to lift global lingerie industry

Textiles News by JosephVackayil on Mar 1 2012

The 'Global market review of lingerie and intimate apparel - forecasts to 2017’ predicts that the lingerie market at retail prices will be worth $29.23billion in 2012, and it will rise to $30.55billion over the next five years.

CMAI appeal to resolve issues faced by textile, apparel co.s

Textiles News by JosephVackayil on Feb 29 2012

The Clothing Manufacturer’s Association of India (CMAI) in its appeal to the Union Government, has sought measures to deal with the various issues like excise duty on branded apparels, R&D expenses on sampling costs, faced by the domestic textile and apparel industry.

SIMA’s Texfair 2012 to have 170 exhibitors

Textiles News by JosephVackayil on Feb 29 2012

The seventh edition of “TEXFAIR”, a four-day International Textile Machinery, Accessories, Spares & Logistics Exhibition,being organized by the Southern India Mills’ Association [SIMA] is ready to showcase the modern developments during March 2-5, 2012 at CODISSIA Trade Fair Complex, Avanashi Road, Coimbatore.

TT Ltd to focus on knitwear domestic sales, exports

Textiles News by JosephVackayil on Feb 27 2012

TT Ltd, the Delhi-based TT Ltd which has almost 70% of its Rs Rs 500-crore business from manufacture and export of cotton yarn and fabric, plans to scale up domestic sales of branded knitwear and casual wear. The company’s plan is increase the turnover of branded knitwear to 50% of total sales in two years.

Garment exporters ask US to lift non-tariff barriers

Textiles News by JosephVackayil on Feb 24 2012

Indian textile exporters has urged the US Department of Labour to drop non-tariff barriers, assuring that the apparel export industry in India does not employ child labour.

Reliance Brands JV to acquire 20 lifestyle brands of Iconix

Textiles News by JosephVackayil on Feb 23 2012

Reliance Brands, a part of Reliance Industries Limited (RIL, has signed an equal joint venture partnership with Iconix Brand Group to acquire the ownership and management rights of 20 international lifestyle brands for India, a company press release has said in Mumbai.

Now `KhadiMark’ to guarantee purity

Textiles News by JosephVackayil on Feb 22 2012

Like WoolMark and silkMark, the ‘KhadiMark’ will soon testify India’s handmade Khadi products particularly textiles to guarantee their purity and genuineness. A time-bound priority is being given to develop KhadiMark as an authentic mark. For this the present Khadi certification regulations are being revised to provide for this mark

Garment export from Bangladesh to India nearing $ 1 billion

Textiles News by JosephVackayil on Feb 21 2012

The value of total exports from Bangladesh to India is expected to double to $1 billion by the end of June 2012, the Indo-Bangladesh Chamber of Commerce and Industry has said.

AEPC seeks fiscal and financial incentives in Union Budget

Textiles News by JosephVackayil on Feb 20 2012

The Apparel Export Promotion Council (AEPC) in a Pre-budget Memorandum to the Union Finance Minister, Mr Pranab Mukherjee, has sought fiscal and financial incentives to increase India`s competitiveness and sustainability in the global market.

Foreign brands become part of Indian men’s wardrobe

Textiles News by JosephVackayil on Feb 20 2012

Globalisation is a daily-life reality for the affluent Indian men. They spend more to dress well to suit the global community they deal with. There is no wonder then all the premium international luxuty men’s wear brands and labels like Gucci, Hugo Boss, Salvatore Ferragamo, Armani, Versace, Brioni, Ermenegildo Zegna, Canali, Corneliani, Alfred Dunhill, Cadininare a part of Indian men’s wardrobe now. And they are c competing to grab a bigger market in this demanding segment.

Designer wear market booming in India

Textiles News by JosephVackayil on Feb 16 2012

The designer wear market in India is catching up and growing fast. According to a recent research ‘Trends in Indian Designer Wear Industry’ by The Associated Chambers of Commerce and Industry of India ( ASSOCHAM), the booming designer wear industry in India is likely to reach Rs 11,000 crores by 2020.

Creative Kidswear lauches UFO, plans rapid expansion

Textiles News by JosephVackayil on Feb 15 2012

Creative Kidswear, which launched recently its new brand UFO, ‘Under Fourteen Only’, is planning to open more exclusive brand outlets in Bangalore, where it has its first EBO, and in Hyderabad and Chennai.

Stori Fashions upbeat about coming months

Textiles News by JosephVackayil on Feb 14 2012

Bangalore-based Stori Fashions (P) Ltd, after a positive winter season and turnover of Rs 48 crores, for its brands, Stori and Red Flame, is upbeat about the coming months with 30 to 40 per cent growth projection.