In the recent past, you have wished and been wished a happy new year. When was the last time someone wished you happy new product? In case you have to stretch your memory about your last new product launch, chances are your products are dated! Let’s take a sock manufacturer as an example. Say, they have been happy with their business as the local market they have been supplying to has been kind to them. Business is steady and profits are healthy. They are unlikely to innovate, presumably somewhat oblivious that they are indeed part of the booming worldwide socks market. As retailers and e-tailers look for fresh new products to woo their customers, this sock manufacturer is likely to take a back seat. On the global scene, the socks market is one of the fastest growing segments of the apparel industry with a compound annual growth rate of 8.5% at present. By 2023, the global socks market is estimated to be worth around the $11.6 billion mark. Specialty socks, athletic s... Read more
Pinakin Chaubal holds Master’s degrees in Management and Textile Engineering. He has been a long time assessor for NATA ISO 17025 laboratory accreditation and has contributed to the review and drafting of several Australian, Joint Australian / New Zealand and International Standards on textiles, clothing and footwear. Global brands like H&M, Zara and most others are getting settled in India at an unprecedented rate. In fact, it’s more a case of who hasn’t entered the zoo, rather than who has. Global selling platforms like amazon.com have been successfully wooing Indian suppliers. Historically price sensitive apparel products like inner ware are moving to brand sensitive categories in the minds of local consumers. Now where does all this leave your product? At the centre stage! In this competitive market, if your product does not take the centre-stage, it will lag, struggle for a while and may eventually suffer from severe competitive arrest. Brand ma... Read more
The Union government has just unveiled its ambitious Textile Policy for 2024, aiming to revitalize the nation's textile industry and... Read more
Despite a year marked by geopolitical tensions and economic uncertainties, the global luxury market showed remarkable resilience in 2023, surpassing... Read more
Gujarat has just announced its new textile policy for 2023-28. It promises significant incentives and infrastructure development for the sector.... Read more
Kingpins Show, the premier denim sourcing event, is gearing up to celebrate its 10th anniversary in Amsterdam with a two-day... Read more
Texworld Apparel Sourcing Paris will return to the Paris-Le-Bourget exhibition centre from February 10 to 12, 2025. This event promises... Read more
India's textile and apparel industry continues its robust growth trajectory, with exports witnessing a significant upswing in September 2024. According... Read more
China's move for a more favorable import policy for Bangladeshi goods, particularly in the apparel and textile sector, is expected... Read more
Sudhir Sekhri, Chairman of AEPC, highlighted the remarkable growth of India’s ready-made garment (RMG) exports, despite global economic challenges such... Read more
The Lenzing Group, renowned for its regenerated cellulosic fibers, has partnered with Roica by Asahi Kasei, a leader in premium... Read more
The fashion and textile industry is undergoing significant transformation, driven by the growing emphasis on sustainability, transparency, and circularity. As... Read more