Apparel, Fashion, Retail

Tier 2 Cities Becoming Growth Drivers For Retail Industry

Textile Insights May 15, 2024

Indian Tier 2 cities are becoming known as key players in the country’s retail sector, with Lucknow mainly standing out with an unassailable 18.4 percent share of gross leasable area. “Growth of Tier 2 cities as retail hubs is fueled by economic growth, employment opportunities and rising

Industry

Chhattisgarh’s Capital to Have All Women Garment Factory

Textile Insights November 21, 2023

A first-of-its-kind garment factory is being set up in Raipur the capital city of Chhattisgarh, which will exclusively provide employment opportunities only for women. The Raipur Municipal Corporation (RMC) will manage the facility, which has been planned on around 45,000 square feet area and will employ 2,000 women when fully operational. Till date, RMC has […]

Economy

CMAI Organising Brands of India Exhibition In Dubai

Textile Insights October 12, 2023

Clothing Manufacturers Association of India (CMAI) is organising ‘Brands of India,’ a B2B trade show, which will be hosted at the Dubai World Trade Centre from November 27-29, 2023. The exhibition is supported by the Embassy of India, Dubai Chamber, Dubai Textile Merchants Association (TEXMAS) and RGM Group. This trade show is the first-of-its-kind organised

Apparel, Fashion, Retail

Garment Manufacturers Revenue May Rise 8-10% In FY’24

Textile Insights September 30, 2023

Revenue of Indian garment manufacturers is expected to increase by 8-10 percent in current fiscal on the back of healthy domestic demand and revival in exports. According to a CRISIL Ratings report, volume growth will be higher at 6-8 percent in the present fiscal, as against 3-5 percent in the previous fiscal. The report also […]

Apparel, Fashion, Retail

Indian Fashion Retailers’ Margins To Slip 120bps In FY’24

Textile Insights September 23, 2023

Fashion retailers will report 120 bps slip in margins mainly due to offering higher discounts and hike in advertisement spends, despite expectations of 13 percent revenue growth in fiscal 2024. An ICRA analysis also informed that the industry is poised to face this margin squeeze primarily due to amplified discounting and escalating expenditures on advertising […]

Apparel, Fashion, Retail

Garment Brands Exit From Myanmar Opportunity For India

Textile Insights August 21, 2023

The decision to gradually or fully stop production of garments in Myanmar by various brands and retailers like M&S, Inditex and H&M can be turned into an opportunity for Indian garment exporters. H&M followed in the footsteps of Inditex, which owns Zara and announced that it will slowly stop sourcing garments from the South East […]