As India forges ahead towards becoming the world’s fifth largest economy it is ambitious about making it’s the rupee a global trading currency. With the aim to decrease US dollar dependency, so far 18 countries have been allowed by the Reserve Bank of India to trade in Indian rupees and Ba... Read more
UK, the fourth largest producer of textile waste, has been losing its grip from being a nation that was leading in delivering key interventions through governmental policies for the fashion sector. On June 8, 2022, erstwhile Prime Minister Boris Johnson had expressed his support for the new 10-year Fashion Industry... Read more
In the real world, despite pledges and commitments, the fashion industry continues its various strategies and tactics to sell more. Social influencers are working overtime recommending ‘look of the day’ and ‘look of the occasion’. Digital engagements have found newer avenues like the Metaver... Read more
With 2025 its date of expiry drawing close, the African Growth and Opportunity Act (AGOA) that gives duty-free benefits to goods of designated sub-Saharan African (SSA) countries, is now set for a change for better or worse. The AGOA legislation was approved by the US Congress in May 2000 and signed by President Cl... Read more
The Environment Committee of the European Parliament has made its stance clear – the time has arrived for the model of ‘take, make, dispose’ that harms our planet, our health and our economy -- to end it once and for all. Well over a year ago, the committee had put forward a proposal for a regulat... Read more
The European textile sector is miffed with the European Parliament as it’s acknowledging the efforts put in by the sector to be aligned to EU Strategy for Sustainability and Circular Textiles. When European Union law makers adopted the report on the strategy published in Brussels on June 1, the general feedba... Read more
To boost recovery of China’s cotton market, Beijing aims to buy half a million tons of Xinjiang cotton for state reserves. China’s cotton market has been on decline ever since US announced ban on cotton made in Xinjiang. Beijing has announced plans to buy between 300,000 and 500,000 tons of Xinjiang cott... Read more
Despite being confronted by unfavorable conditions, Nepal, has made significant socio-economic progress in the last few years. However, it has demonstrated an absurd growth curve where below average economic growth is being supported by a sharp reduction in poverty. As per a report by Himalaya Times, in the l... Read more
Smiles are back on the faces of textile industry leaders as the GST Council has unanimously deferred its proposed hike to GST rates on textiles. The GST rate hike on textiles from 5 to 12 per cent was to come into effect from January 1. The decision to defer the hike was made at the 46th meeting of the GST Co... Read more
For decades, suppliers have been made a scapegoat by fashion companies and the same is true during COVID-19 as well. Taking undue advantage of the ongoing pandemic, companies have either been exploiting the loopholes in their contracts to cancel orders or voluntarily changing the terms of supplier agree... Read more
"The recently approved Textile Policy 2020-25 of Pakistan sets an ambitious target of increasing the country’s textile exports to $28 billion by 2025. To achieve this target, the country aims to boost cotton production from nine million bales to 20 million bales within five years. It also aims to improve the qual... Read more
"The Department for Promotion of Industry and Internal Trade (DPIIT) recently clarified that single brand retailers, owned by foreign companies, can fulfill their local sourcing requirements by procuring goods produced in units based in special economic zones (SEZs). It further clarified these goods to be sourced by th... Read more
Vu Ba Phu, Director General, Vietnam Trade Promotion Agency (Vietrade), on the new trade show VIATT and its association with Messe Frankfurt
“The Vietnam Trade Promotion Agency (Vietrade) recognized the need for an international trade exhibition in Vietnam and approached Messe Frankfurt to organize it. The event, Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) aims to strengthen trade relations between China and Vietnam, as well as other countries in the region. It is expected to be an annual event and will showcase a wide range of products, including home interiors, textiles, garments, fabrics, and garment technology. The goal is to create a collaborative environment rather than a competitive one, with the aim of benefiting the entire Asian textile industry”.
Alexandro Barberis Canonico, President, Milano Unica, on impact of the pandemic on the textile industry and the return of Milano Unica to the Intertextile Shanghai fair.
“Market is slowly recovering and luxury products are still performing well. Italian manufacturers are focusing on niche markets and special fibers, such as cashmere and vicuna. Creativity and sustainability are important factors for Italian manufacturers, who are investing in the Chinese market. The exhibition response has been positive, with better figures than in 2019. The trends in the Chinese market are about functional fabrics and the use of natural fibers”.
Yuko Watanabe, Director International Communication, JFWO on business scenario in japan
“Japanese domestic market, particularly in the department store and textile industries, is facing challenges due to the pandemic and rising costs. Although, online shopping is growing but offline stores are struggling. The weak yen has made exporting raw materials to China and other countries less profitable, while importing goods has become expensive. The tourism industry has also been affected, with only wealthy tourists able to travel to Japan, international tourism can help the domestic market to some extent, but it is not enough to fully recover”.
Kim Bu-Heung, General Director of Korea Textile Center, on business with Chinese market
“China had been a significant investment destination for Korean enterprises. However, the current low demand in China has translated into reduced exports and investment returns. This underscores the shift in China's textile landscape and its impact on neighbouring countries”.
Joshua Lane, Regional Director - Asia at Holland & Sherry, on Intertextile and the challenges brought about by the COVID-19 pandemic and the subsequent changes in market dynamics.
The Intertextile provided a valuable opportunity to assess market conditions, observe competitors, and gauge the recovery of the Chinese economy in the textile sector. 2023 has been marked by a more subdued global textile market, with China experiencing a slowdown, but not entered a recession but was gradually tapering off its growth trajectory. For the textile sector, however, globally the trend was still upward, with a growing demand for custom-made clothing from reputable European brands.
Swedish fashion retailer H&M announced on Thursday that it plans to reopen most o... Read more
The commerce and industry ministry is finalizing the national e-commerce policy. The ... Read more
Germany has expressed firm support for the revival of negotiations concerning a free ... Read more
The "Make in India" initiative, launched in 2014, has been a major success. FDI in th... Read more
Non-tariff barriers (NTBs) are increasingly proving to be a formidable weapon capable... Read more
Amidst the economic challenges confronting Sri Lanka and the introduction of stringen... Read more
India and the United Kingdom are making gradual progress towards formalizing a free t... Read more
India and Bangladesh have agreed to exclusively employ the rupee for their bilateral ... Read more
Despite facing multiple lawsuits and government scrutiny in the US, Shein has experie... Read more
Sri Lanka seeks a six-fold expansion of duty-free access for its apparel in India und... Read more
Better Cotton, the world's largest cotton sustainability initiative, has provided f... Read more
The VDMA, representing over 3,600 German and European mechanical and plant engineering compan... Read more
World Textile Information Network (WTiN) plans to co-locate Innovate: Zero Carbon with COP28 ... Read more
Sustainable Apparel Coalition (SAC) is relaunching its Manufacturer Forums, starting with the... Read more
In a bid to combat the harmful effects of fast fashion and reduce waste, France has introduce... Read more
Pakistan's textile industry has seen a troubling 26% decline in cotton yarn and cotton cloth ... Read more
A comprehensive report has been released, analyzing the consequences of Brexit on the fashion... Read more
According to reports, there is a new arrangement that allows the use of Indian Rupees to cove... Read more
India's government takes proactive steps to establish the nation as a global center for susta... Read more
The Europe India Centre for Business and Industry (EICBI) collaborated with Morten Lokkegaard... Read more
The Indonesian textile industry, specifically the apparel sector, witnessed a remarkable surg... Read more
In a recent move, the European Commission (EU) has recognized the urgency to address textile ... Read more
The European Commission is determined to enforce regulations for sustainable fashion by 2028,... Read more
China's textile and apparel exports grew year-on-year from January to May 2023, but the expor... Read more
Garment and footwear trade between Southeast Asia and the United States is declining due to h... Read more
The UK's removal of duty benefits for Indian garment exporters under the new Developing Count... Read more
The United States has called on Mexico to examine allegations of workers' rights violations a... Read more
The Philippine government is actively pursuing the inclusion of its garment exports in the re... Read more
Minister of Commerce Pan Sorasak called on all relevant parties to cooperate in exploring the... Read more
The Joint Apparel Association Forum (JAAF) has expressed deep concern and disappointment over... Read more
India, led by Smt Darshana Vikram Jardosh, Hon'ble Minister of State for Textiles & Railw... Read more
After a notable decline in April, India's ready-made garment (RMG) exports are rebounding in ... Read more
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) expressed disappointme... Read more
The European Parliament has taken a significant step in addressing the unregulated and detrim... Read more
The US Fashion Industry Association (USFIA) has joined other retail and fashion industry groups... Read more
Making Textile and Textile Product (TPT) industry, is one of priority areas in the Making Indon... Read more
Indian garment exports are not likely to get much boost from the new additional arrangements fo... Read more
The Scheme for Rebate of State and Central Taxes and Levies (RoSCTL) has been extended till Mar... Read more
The Southern India Mills Association (SIMA) has welcomed the RBI announcement on the internatio... Read more
Praising the Goods and Services Tax Council’s decision to poste GST hike ... Read more
The incentive under the Production Linked Incentive scheme will be pa... Read more
Uniform goods and services (GST) tax will be applied at 12 per cent on manmade ... Read more
Out of the total settlements under the Amended Technology Upgradation Fund Scheme (ATUFS) since... Read more
The West Bengal government aims to make the state’s textile industry into a Rs 70,000 cro... Read more
The Apparel Export Promotion Council (AEPC) has urged the government to simplif... Read more
According to T Rajkumar, Chairman, Confederation of Indian Textile Industry (CI... Read more
Textiles minister Smriti Zubin Irani says textile ministry has designed a polic... Read more
As per a report by the Kohan Textile Journal, Kenya Bureau of Standards (KBES) ... Read more
The Confederation of Indian Textile Industry (CITI), along with other industry ... Read more
The Directorate General of Foreign Trade (DGFT) has amended the export policy f... Read more
The Cambodian Footwear Association (CFA) has appealed to the European Commissio... Read more