Apparel, Fashion, Retail

India May Launch QR Code To Tackle Counterfeit Branded Apparel

Textile Insights March 12, 2024

India is looking to lay down norms in the form of QR codes to counter the menace of counterfeit products, mimicking names and labels of brands of apparels. The representatives from the garment industry stated that they’re ready to share available data on counterfeit products to aid better

Industry

Indian Garment Production Falls 22.6% Between April & Aug

Textile Insights October 26, 2023

Indian garment industry production declined sharply by 22.6 percent year on year between April and August this year Data from the Confederation of Indian Textile Industry (CITI) on the Index of Industrial Production for Textiles and Apparels informs that the garment index fell 22.6 percent in the first five months of fiscal 2024 “However, the […]

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 […]