Apparel, Fashion, Retail

National Garment Fair 2024: Record Success And Business Growth

Textile Insights July 31, 2024

The 79th National Garment Fair (NGF) 2024, orchestrated by the Clothing Manufacturers Association of India (CMAI), concluded triumphantly, solidifying its status as India’s preeminent apparel trade show. Held from July 23 to 26, 2024, the event attracted over 39,000 buyers, primarily retailers,

Event

CITI’s YEG Seminar On Megatrends Shaping Textile & Apparel Sector

Textile Insights May 2, 2024

The Young Entrepreneurs Group (YEG) of the Confederation of Indian Textile Industry (CITI) organised a session on ‘Megatrends Shaping the Textile & Apparel Industry’. Rajjnish Aroraa, Chairman of the Young Entrepreneurs Group emphasised the critical importance of comprehending and adapting to the megatrends influencing the textile and apparel sector. Arvind Singhal,

Industry

Indian Textile Industry Is Poised For Rebound In Sales – CRISIL

Textile Insights March 29, 2024

The CRISIL SME Tracker has reported that the Indian textile industry is poised for a rebound in sales after two years of contraction. The previous two financial years were challenging due to volatile cotton prices and subdued export demand. “However, the industry is expected to close this fiscal with lower revenue due to a correction […]

Policies

India Extends Reskilling Programme Samarth Till March 2025

Textile Insights March 14, 2024

The Indian government has decided to extend ‘Samarth’ scheme for capacity building in textiles sector by another year and will now be operational till March 31, 2024. A circular from the Ministry of Textiles informed that the Department of Expenditure under the Ministry of Finance has approved the extension of the scheme. Samarth is a […]

Apparel, Fashion, Retail

KPR Mill Has Rs 1,100 Crore Worth Apparel Orders In Hand

Textile Insights March 13, 2024

“Demand for both yarn and garments are good at Coimbatore based KPR Mill and it has in hand apparel orders totaling to Rs 1,100 crore,” MD P Nataraj said. “The order book is at an all time high now, and a lot of inquiries are going around,” KPR’s CFO PL Murugapppan, told analysts while discussing […]

Event

100,000 Trade Visitors Attend Bharat Tex 2024. 63 MoUs Inked

Textile Insights March 4, 2024

Over 100,000 trade visitors attended Bharat Tex 2024 and 63 MoUs were inked in various fields, including entrepreneurship, skilling and sustainability. “The four-day event witnessed an overwhelming response not just from Indian, but also global players, including top brands and retailers,” an official statement said. Over 10,000 artisans, weavers, design and

Policies

Finance Ministry May Tweak 45 Days Payment Rule for MSMEs

Textile Insights March 2, 2024

The government is actively reviewing the concerns of stakeholders and assessing whether there are valid grounds for amendments to this 45-days payment rule for MSMEs. The Union Finance Ministry is contemplating a revision to a recent tax regulation requiring businesses to settle payments to small and medium-sized enterprises (MSMEs) within 45 days. This follows a […]

Sustainability

Apparel Sector Working On Sustainable Practices: AEPC

Textile Insights March 1, 2024

Apparel Export Promotion Council (AEPC) said the sector is working on sustainable manufacturing practices as it would help enhance the competitiveness in global markets. “The mantra given by Prime Minister Narendra Modi to boost textiles exports through 5F – Farm, Fibre, Factory, Fashion to Foreign will energise the textiles export sector,” AEPC Chairman Sudhir Sekhri […]

Export

Indian Apparel Factories Need To Be Fast Fashion Compliant

Textile Insights February 28, 2024

India’s textiles and apparel overseas shipments have dropped over the past five years by 7.6 percent to $34.24 billion in 2023 as against $37.16 billion in 2018. A report titled ‘Regaining Textile Glory’ by Global Trade and Research Initiative added that in the same five year period, India’s textile and garment imports grew 25.46 percent […]

Industry

Indian Apparel Sector Productivity Can Be Hiked 15%: Dr Bheda

Textile Insights February 28, 2024

A management consulting firm believes the Indian apparel industry has the potential to increase productivity by 15 percent which which translates into additional income of US $7.8 billion. Dr Rajesh Bheda, MD of Rajesh Bheda Consultants said the current value of clothing produced in India is $52 billion, of which share of domestic market is […]