Industry

Tie-Ups With Foreign Institutes To Train Indian Artisans

Textile Insights February 27, 2024

The Indian government plans to help impart world-class training to Indian artisans, weavers and young professionals through tie-ups and exchange programmes between Indian textile research institutes and technical institutes in the UK, Australia and Finland. “With this, it hopes to add heft to

Event

Over 100 Top Indian Apparel Brands Showcasing At Bharat Tex

Textile Insights February 23, 2024

Following the success of ‘Brands of India’ event held in Dubai, CMAI will organise a similar event at the upcoming Bharat Tex 2024 in hall 12A, Bharat Mandapam, in which 100 brands are expected participate. CMAI held the first ever ‘Brands of India’ event in Dubai to promote Indian apparel brands in overseas markets. Exhibiting […]

Apparel, Fashion, Retail

CMAI Anticipates Rs 5,000-7,000 Crore Loss To Apparel Sector

Textile Insights February 20, 2024

Indian MSME apparel manufacturers may face a loss of Rs 5,000-7,000 crore in the January-March quarter according to the Clothing Manufacturers Association of India (CMAI). CMAI said an amendment in the Income Tax Act states that payments to MSMEs need to be made within 45 days. CMAI claimed that this has pushed retailers to cancel […]

Export

Sri Lanka To Negotiate FTA With India By End Of 2024

Textile Insights February 12, 2024

Sri Lanka will negotiate a free trade agreement (FTA) with India by the end of 2024. Sri Lanka and India resumed talks on the Economic and Technology Cooperation Agreement in Colombo in October 2023. “Similarly, Sri Lanka will sign FTAs would be negotiated with Indonesia, Malaysia, Vietnam, and China too by the year’s end,” Sri […]

Corporates

Gokuldas Acquires Matrix Clothing’s Knit Apparel Business

Textile Insights February 3, 2024

One of the biggest Indian garment exporters Gokuldas Exports Ltd (GEL), will acquire the knit apparel business of Matrix Clothing Private Ltd (MCPL) for an enterprise value amounting to Rs 489 crore. Of this Rs 489 crore, Rs 247.5 crore is being paid by way of preferential allotment of shares of Gokaldas Exports through a […]

Apparel, Fashion, Retail

Late Winter Troubles Woollen Clothing Producers & Retailers

Textile Insights January 8, 2024

Although winter season is nearly half way through, woollen clothing manufacturing and retailers are facing a demand slowdown as the temperatures have still not dropped in several parts of India. Due to the late arrival of winter or it not remaining cold throughout the winter months in the last few years, the retailers had already […]

Apparel, Fashion, Retail

Noida Garment Exporters To Set Up Apparel Cluster In Odisha

Textile Insights December 30, 2023

Several garment exporters from the Noida apparel cluster have proposed to set up a garment cluster in Khordha in Odisha which will be spread over 100 acres. This was announced after a Noida garment exporters delegation met with Odisha Chief Minister Naveen Patnaik. “Patnaik assured the delegation of comprehensive support and facilitation and welcomed them […]