Focusing on health and well-being of citizens, physical and financial capital and infrastructure, inclusive development for aspirational India, innovation and R&D, minimum government, maximum governance are some of the highlights of the Union Budget for the financial year 2021-22.
Finance Minister, Nir... Read more
The global T-shirt market which had maintained positive growth trajectory for two years since 2016 fell for the first time in 2019 by -3.5 per cent and reached $88.5 billion, reveals a IndeBox study ‘World - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights’. The study indicate... Read more
One of the most important announcements made by President Biden on his first day in office was that the US will rejoin Paris Agreement. This indeed is a positive step for global environment and US is taking the lead. For the fashion industry, this is a clear message to focus more on their sustainability goals... Read more
The pandemic and lockdowns disrupted both sales and supply chains across the world. Besides store closures, the Western world also faced problems with supplies especially during the early phase of COVID-19. For example, over 40 per cent apparels sold in the US are sourced from China and 90 per cent are ... Read more
With US Department of Agriculture (USDA) projecting lower opening stocks, production and ending stocks this cotton season from October 2020 to September 2021, global cotton prices shot up from the beginning of this year. This surely is good news for Indian cotton exports. As a Rajkot-based raw cotton, yarn an... Read more
A new collaborated study by YCP Solidiance and Brother Machinery Asia highlights the importance of digital transformation in the global apparel manufacturing sector. It states, the transformation must start from the beginning in some cases with the setting up of factory machinery. The study charts the course towards an... Read more
Pakistan’s textile exports increased by 7.7 per cent with knitted garments and hosiery taking the lead in first half of current fiscal 2021 compared to the same period last year. As per Faisal Mehboob Sheikh, Zonal Chairman Pakistan Hosiery Manufacturers Association (PHMA) and chief coordinator Adil Butt the coun... Read more
Work from home, depleted social events, adoption of a fitter lifestyle has given a shot in the arm to sportswear and footwear brands as they have seen both demand and sales grow. In fact, fast-fashion and lifestyle brands have felt the heat with increased sales of sportswear brands. As per industry estimates,... Read more
The pandemic has adversely affected global apparel supply chains with countries like Bangladesh, India, Vietnam, and others facing the brunt. Their exports have tumbled, factories have closed down, workers have lost jobs and revenues pushed down.
Tough time for RMG sector across value chain
In fact, Banglad... Read more
The Clothing Manufacturers Association of India, (CMAI) has written an open letter to Nirmala Sitharaman, Minister of Finance outlining pre-Budget recommendations. The association has urged the government to consider key financial aid that can help the industry recover from the aftermath of the Covid-19 p... Read more
Cotton Association of India has increased its crop estimate for 2020-21 season from previous estimate of 356 lakh bales of 170 kg each (i.e. 378.25 lakh running bales of 160 kg each) to 358.50 lakh bales (i.e. 380.91 lakh running), an overall rise of 2.50 lakh bales.
Production, consumption to go up
As cott... Read more
After facing several impediments in the first three quarters of 2020, due to US-China trade stand-off and the pandemic, China’s economic growth has steadied. In fact, the country is doing better than most others at the moment on all economic indicators. Business has recovered steadily as consumption has... Read more
While 2020 was full of hardships for brands and retailers with store closures, major dip in both sales and revenues, many struggled while others looked for ways to stay afloat. In all this madness brands came up with new strategies to survive. From antiviral collections, home apparel line to shop-on-wheels at... Read more