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CMAI requests government to levy additional import duty on RMG imports

CMAI requests government to levy additional import duty on RMG imports

The Clothing Manufacturers Association of India (CMAI) has written to the Minister of Textiles Smriti Zubin Irani, and the Minister of Commerce and Industry Piyush Goyal to consider levying a temporary additional COVID duty on all imports of apparel and readymade garments, including on those garments imported from countries with whom India has a Fr... Read more

India’s activewear market to reach Rs 997.8 billion by 2024

India’s activewear market to reach Rs 997.8 billion by 2024

A report titled, ‘Activewear Market in India 2019’ by ResearchAndMarkets.com, says the activewear market is estimated to reach Rs 997.8 billion by 2024, expanding at a CAGR of ~13.59 per cent during the 2019-2024 period. The growth of this segment is expected to be facilitated by the increasing demand of sports-inspired or athletic casu... Read more

DFU Live Webinar #2: Highlights challenges to lure reluctant customers ba…

DFU Live Webinar #2: Highlights challenges to lure reluctant customers back to stores

The Webinar #2 organized by DFU Publications-DFU LIVE in association with TRRAIN on the theme: ‘Consumer Bulao, Retailer Jitao’ (Spiking Consumption, Winning the Customer Back), saw experts highlighting the challenges involved in attracting customers back to stores given the change in mindset post Covid-19. They also came up possib... Read more

Indian apparel players gear up for the new normal

Indian apparel players gear up for the new normal

With the pandemic impacting both apparel manufacturers and retailers in India, these industry players are preparing themselves for the new normal. Speaking at a recent webinar by the Retail Association of India to discuss the effects of COVID-19 on the apparel industry Vineet Gautam, Chief Executive Officer, Bestseller India said that the challenge... Read more

CMAI welcomes economic package announced by the finance minister

CMAI welcomes economic package announced by the finance minister

CMAI has welcomed the measures announced by Nirmala Sitharaman, Finance Minister, especially those connected with the Government’s support to the MSME Sector – on which she focused on today. According to CMAI, the enhancing of the upper limits of the sector, the merging of the manufacturing and service sectors, and the addition of a tu... Read more

Indian brands brace up with new strategies for post COVID-19 retail

Indian brands brace up with new strategies for post COVID-19 retail

With COVID-19, consumers are more likely to click their way to shopping from within the safe confines of their homes, hence, retailers across India are planning to double their investments in e-commerce. They are attracting consumers with various promotional offers and special pricing schemes. Meanwhile also on the cards is shutting non-profitable ... Read more

DFU Publications, TRRAIN webinar on spiking consumption post lockdown on …

DFU Publications, TRRAIN webinar on spiking consumption post lockdown on May 15

Uncertainty looms large across the fashion and retail world with no clarity about what could be the state and type of consumption pattern of fashion and apparel goods, largely considered non-essential products, once the lockdown is lifted. DFU Publications organizes its second webinar in association with TRRAIN on the theme: ‘Consumer Bula... Read more

Lingerie business shrinks but demand to rise post lockdown

Lingerie business shrinks but demand to rise post lockdown

COVID-19 crisis is likely to result in a $9 trillion loss for economies worldwide. Many developed economies like Germany, France, Italy, Spain, Great Britain and US and several nations of G7 may go into recession with chances of recovery from April 2021 onwards. These countries are fighting this deadly pandemic by coming out of the lockdown in a sl... Read more

Delhi malls gear up to boost consumer confidence post lockdown

Delhi malls gear up to boost consumer confidence post lockdown

The global lockdown to check the Covid-19 has malls across India suffering the adverse effects of the pandemic. The major focus of malls in Delhi post lifting of lockdown will be to inspire confidence in customers and communicating to them the safety measures in place at the malls, reveals Abhishek Bansal, Executive Director, Pacific Malls, Delhi. ... Read more

Almost 54 per cent consumers to cut expenditure in malls: BCG Report

Almost 54 per cent consumers to cut expenditure in malls: BCG Report

A report by Boston Consulting Group (BCG) says, about 54 per cent consumers are expected to cut spending in malls largely to avoid crowds while boosting spends on channels like e-commerce. Up to 35 per cent consumers would increase spending through e-commerce, the highest compared to other retail formats. This is an indication of e-commerce emergi... Read more

adidas launches new brand movement

adidas launches new brand movement

adidas, the renowned sportswear brand, has mobilised entire internal community under a new brand campaign #hometeam. The aim of this campaign is to inspire hope and optimism for a return to sport through its much-talked about latest brand film ‘Ready for Sport’. The video was released exclusively by the employees of adidas and uses t... Read more

India’s luxury market to be hit by 20 per cent

India’s luxury market to be hit by 20 per cent

Forbes India recently held a webinar on the theme ‘Luxury Market in the post-Covid-19 world’ to discuss the impact of Covid-19 on Indian luxury. The views expressed indicated, the luxury market is likely to see an estimated 20 to 25 per cent hit or $70 billion to $80 billion. Lamborghini India’s Sharad Agarwal said there could be... Read more

Raw material focus, credit infusion will help India reclaim lost textile …

Raw material focus, credit infusion will help India reclaim lost textile glory

The advent of technology has rendered millions of artisans in the sector jobless with most of their their skills becoming outdated. COVID-19 has further compounded this problem with the crisis likely to render around one lakh workers in the industry jobless, estimates CMAI. Once famed across the globe as ‘artisans’, these textile worker... Read more

CII survey suggests 40 per cent fall in revenue due to lockdown

CII survey suggests 40 per cent fall in revenue due to lockdown

A recently CII survey has revealed that due to the COVID-19 lockdown in India, around 65 per cent of the firms expect their revenues to fall by more than 40 per cent in the Apr-Jun quarter, in which 45 per cent respondents felt it will take more than a year to achieve economic normalcy. More than 300 CEOs participated in the CII CEOs snap poll on ... Read more

DFU/CMAI Webinar: Deep discounting not the right way forward to clear inv…

DFU/CMAI Webinar: Deep discounting not the right way forward to clear inventory, say experts

In the first webinar organized by DFU Publications-DFU LIVE in association with CMAI on the theme: ‘Inventory Udao and Cash Flow Badao’, experts rejected the idea of deep discounting to clear inventories. They all agreed and highlighted deep discounting to clear inventory is not the right way forward even though COVID-19 has left the i... Read more

DFU Publications/CMAI webinar on inventory to address industry’s biggest …

DFU Publications/CMAI webinar on inventory to address industry’s biggest sore points

COVID-19 pandemic has left the complete apparel industry worried about the financial crisis, from manufactures to brands, distributor to retailers there is a sense of uncertainty across the board. Inventory clearance would perhaps be one of the first tool to revive business, necessary to build cash flow and bailout out of the tough situation. DF... Read more

Grado looks to increase it presence with new products and retail expansio…

Grado looks to increase it presence with new products and retail expansion

A brand that aims to fulfill the needs of all customers in the age group 18 to 60 years, OCM’s fabric brand Grado recently launched ‘Streeza’, a four-way stretch fabric for freedom of movement. “This fabric has fared well by garnering a 90 per cent share in the market,” says Manish Shukla, CMO, OTC department of GBTL t... Read more

As production halts, Indian designers urge government to hold out helping…

As production halts, Indian designers urge government to hold out helping hand

As production across the country has halted due to the nationwide lockdown, the Indian fashion industry is grappling with unprecedented losses right in the middle of its spring-summer season. The industry relies on a range of talent starting with workers, craftsmen and artisans who have been rendered jobless due to the lockdown. Designers are being... Read more

Startsups emerge as competition for established apparel brands

Startsups emerge as competition for established apparel brands

Backed by many investors, start-ups are flourishing across India. As a recent funding report by YourStory for the period January-September 2019 reveals, start-ups in India raised $7.67 billion, with over 21 deals crossing the $100 million mark. Prominent amongst these are fashion start-ups that are thriving despite odds. These young firms are attra... Read more

COVID 19: Strategies fashion retailers can adopt post lockdown

COVID 19: Strategies fashion retailers can adopt post lockdown

COVID 19 is likely to plunge many countries across the global into a negative growth. However, the Indian economy is expected to continue on its growth trajectory after the crisis is contained. Even so, rebounding from depression and reinvigorating the supply lines back to normalcy would be extremely difficult as the month-long lockdown has posed m... Read more

CMAI Survey: Industry worried about wages, factories closing and job loss…

CMAI Survey: Industry worried about wages, factories closing and job losses

Covid-19, has stalled the cycle of the apparel value chain. CMAI has been interacting with members to understand the impact of the Covid-19 on the domestic apparel industry. The association recently conductrd a survey among its members – to understand their ability to pay wages and salaries to their workers over the next few months: Results ... Read more

COVID 19: Traditional textile, apparel retailers to suffer most as demand…

COVID 19: Traditional textile, apparel retailers to suffer most as demand slows

Private consumption accounts for about 58 per cent of India’s GDP, which is likely to grow to around $3,000 billion by the end of FY20. Of this, about 48 per cent is spent on merchandise shopping while the remaining $875 billion is spent on a range of services. Traditional mom & pop stores form the largest share of sales. India currently ... Read more

Designers cash in on the $500 million Indian wedding industry

Designers cash in on the $500 million Indian wedding industry

Currently worth $50 million, Indian wedding industry is expected to grow by 25 per cent. Out of Rs 100,000 crore spent on Indian weddings, almost Rs 10,000 crore account for expenditure done on the wedding attires. No Indian designer would afford to miss out on such a lucrative market. Weddings allow Indians to showcase their social repertoire. The... Read more

Indian designers start production of cloth masks

Indian designers start production of cloth masks

As authorities across the world urge people to wear masks to slow the spread of Covid-19, House of Anita Dongre has begun producing 3ply cloth masks. The fashion company has begun production in two of its five rural village centres that were initiated in collaboration with the Maharashtra state government about four years ago. Through the designer... Read more

Charting out ways for India’s textile, apparel sector to move forward pos…

Charting out ways for India’s textile, apparel sector to move forward post COVID-19

COVID-19 pandemic has infected millions of people and taken thousands of lives across the world. Indeed, the outbreak has affected the textile and apparel industry globally as well as in India. A report by Wazir Advisors ‘Impact of COVID-19 on the Indian Textiles Industry’ states, the outbreak and following three week nationwide shutdow... Read more

TAI completes 81 years, marks it as Incorporation Day

TAI completes 81 years, marks it as Incorporation Day

The Textile Association (India) today completes 81 years of its inception. To celebrate this landmark event, the association is celebrating April 8, 2020 as its ‘Incorporation Day. Established on April 9, 1939, by ten visionary technocrats, TAI was formalized along with 126 likeminded technocrats and managers. The objective of the association... Read more

CMAI’s webinar highlights challenges facing industry today

CMAI’s webinar highlights challenges facing industry today

CMAI organized a webinar on April 5, 2020 on the theme ‘Flourish or Vanish in COVID-19 Economy’. The panelists included CMAI board members Rahul Mehta, Chief Mentor, Rakesh Biyani, President, Rajesh Masand, Vice President and Premal Udani, Chairman, Board of Trustees, CMAI . The session was moderated by Basesh Gala. The overwhelmingly ... Read more

COVID-19: Indian fashion designers seek banks’ help to recover losses

COVID-19: Indian fashion designers seek banks’ help to recover losses

The biggest crisis till date for the apparel and fashion industry, the COVID-19 outbreak is also likely to have a deep impact on Indian designers. As Sandeep Khosla of prominent label Abu Jani and Sandeep Khosla (AJSK) points out designers are likely to lose the ability to be employers and safeguard their workforce. Rahul Mishra, India’s fir... Read more

CMAI survey reflects a bleak future for the industry post-lockdown

CMAI survey reflects a bleak future for the industry post-lockdown

Deeply concerned with the economic impact of the lockdown caused by COVID-19, CMAI conducted a survey among members to find out how they were facing the current circumstances; what is their forecast for the period post lockdown. The association analysed responses of around 1,500 members which indicated that a significant crisis is brewing in the d... Read more

Digital platforms become the new modes of interaction for Indian brands

Digital platforms become the new modes of interaction for Indian brands

Brick and mortar retailers across India have adopted a guarded approach to the massive growth of e-commerce platforms in India. However, to address the concerns of all parties including consumers, they need to build a more cooperative relationship between these online retailers. Growth in digital and telecom infrastructure made internet affordable... Read more

DFU LIVE
WEBINAR SERIES
Webinar #2, May 15, 2020
"Consumer Bulao Retailer Jitao!"
 
Webinar #1 May 1, 2020
"Inventory Udao, Cash Badhao"
 
Coronavirus Impact
LEADERS SPEAK

‘We also need to sanitize merchandise at regular intervals’

Vipul Mathur, Business Head, Udaan.com
Vipul Mathur Udaan“Can you move a part of your store online. Can you get to the same degree of sales without getting as many customers as you used to in stores. Is that possible? Can you do home delivery for people to feel safer. If you are an apparel retailer you might have to go places, can you avoid going there and use alternative sourcing methods. If you do all these then three things will happen: you will remain safe, employees will remain safe, customers will remain safe. Their being safe over time they can buy goods without any mishap. Practiced over time this will see business grow.”
Read Full Interview Here

‘COVID-19 is teaching Indian consumers to be restrained in their spending’

Rakesh Jallipally, Chief Operating Officer, U.S. Polo Association and Flying Machine

Rakesh Jallipally“Right now people are looking at essentials like staples and household supplies. That is at the top of their list. Apparel or fashion may be fifth or sixth item on the list. But all said and done from our personal experience, we have opened a few stores since and seen there is demand, people are coming in. Indeed, walk-ins are less but whoever has come in are decisive and buying. The world is not over according to me for apparel or fashion retail. There is enough optimism. Basically we need try to and reach out to our consumers because there is a need. It might be latent at this point of time because it is not essential but if we keep reaching out to them I’m sure demand will come back though it might take some time.”
Read Full Interview Here

‘If we overcome the fear our business will slowly come back to normal’

Manohar Chatlani, Chairman and Managing Director, Soch
Manohar D Chatlani“I think we have overestimated the prospective of this virus (COVID-19) to do harm. It is not as deadly or as dangerous as we think. It spreads faster than any other virus we have known so far. If we can overcome this fear, business will slowly come back to normal. Besides sanitizing and cleaning stores the government will have to think about public transport where people have the confidence to use them. Of course, to attract customers we will have to offer good discounts that are better than online discounts and newer merchandise than online. It is a question of time as public memory is short and things should become normal fast. I am hopeful.”
Read Full Interview Here

“Discount retailers and value-oriented brands stand to win”

Usha Periasamy, Director, Brands & Operations, Classic Polo
Usha Periasamy Director Brands Operations Classic Polo“Consumer spending is dramatically curtailed during a recession. Consumers have adopted short-term behaviour during the pandemic that in many cases will become permanent, as a lesson learned from such unprecedented occurrences. Not only do consumers become more financially conservative but also credit may become less available and a large cohort may go into default on their debt, dramatically limiting purchasing power. Consumers will wake up from the pandemic in a new economic reality, changing their commercial behaviours in extreme ways.
Read Full Interview Here

‘It will be very tough now and might take six months to be normal’

Pravin Mutha, MD, Cool Colors, Bafna Clothing
PravinMutha MD Cool Colors Bafna Clothing“Year 2020 scenario is the first time manufacturers have faced such a huge challenge. If they achieve even 60 per cent of sale compared to last year, it will be a great achievement and I presume that 20 per cent of manufacturers and brands will be wiped out. This is a big concern and the government needs to play an active and important role in this. The government has to understand the garment and textile industry is the second largest after agriculture and employs a huge amount of labor from all sections of the society. Hence, the government has to think exclusively for MSME’s and textile and garment industry, like restriction of customs on import, large format stories to source only from Indian market etc.”
Read Full Interview Here

“The elephant in the room is cash-flow management and crisis management”

Dr Darlie Koshy, Academician, Industry Expert, Author ‘Garment Exports: Winning Strategies’
Dr Darlie Koshy"The elephant in the room is cash-flow management and crisis management. For cash-flow management, except exemption package to file returns or reduction of interest on delayed payment, there is very little the government will do at this stage given the huge fund requirement and reduction in tax collection with bottom of pyramid's social and health costs taking predominance. Many SMEs will shut shop and consolidation and constriction will happen. There will be constriction in operations and consolidation of big becoming bigger with deep pockets and select buyer support."
Read Full Interview Here

‘To regain existing business everybody has to work as fast as possible’

Raj Kumar Jain, MD, Bonjour-Zonac Knitting Machines
Raj Jain MD Bonjour Zonac Knitting Machines“Everybody has realized this is the time to think out of the box so that the when it opens they will be ready with what they want to do, like aligning people, volume of production needed to be done, how many showrooms to open, what volume of orders to be taken up because export orders have been cancelled, most large format business have cancelled their orders with vendors. Hence, from day one factories will have nothing to do. As for brands, when they open they have already sustained with their fixed expenses and have no money and will not be able to ask their customers for money. In fact, we will have to assure them we are with them and ask them to start business with full confidence. The main worry is financial support. Low margin business or those subsisting hand to mouth will face extra difficulties. This will simultaneously open new opportunities. It will be a new life after opening. To regain existing business everybody has to work as fast as possible."
Read Full Interview Here

‘The one change we will see is online will bounce back faster than offline’

Manish Kapoor, CEO, Pepe Jeans
Manish Kapoor CEO Pepe Jeans“Whether you open today or a month later or you start EOSS from June 15 or August 15, demand and consumer sentiment per say is not going to change much. The other reality is, in terms of physical retail from the time you reopen the consumer will take time to go back to stores. The one change we will see is online is going to bounce back much faster than offline. This change has been seen in China also and the same scenario is likely to happen in India. In a scenario where the lockdown is lifted around May 15 and EOSS is announced, the consumer will still not visit malls to buy, so delaying EOSS is justified."
Read Full Interview Here

‘The garment industry will witness very tough time, may take six months to a year for normalcy’

Rakesh Grover, Managing Director, Groversons and President for Intimate Apparel Association

Rakesh Grover Managing Director Groversons“The after effects will be tough. Already the industry was going through a difficult time but after this, there will be a hard time because payment cycle will be affected, raw material supplies will be affected as the supply chain is affected, factories are closed and even if production begins, how will we continue production as we need a lot of raw materials and different ingredients to complete garments. To procure from China or India at the moment is difficult as labor returned to their villages and to get them back to work will be a big challenge. It may take a month or two to get them back to work. Even if we have orders production may not start in full strength for about two months post lockdown."
Read Full Interview Here

Will also have to liquidate maximum merchandise at better values

Bobby Arora, Director, Status Quo
Bobby Arora Director Status Quo“Once the lockdown opens, people are more likely to rush to restaurants and other entertainment zones rather than stores for buying clothes. This may create a frustrating situation for brands and retailers and compel them to offer higher discounts than the routine trend. Regarding inventory management, we will have to be smart and carry forward some of the inventories to the next season. We will also have to liquidate maximum merchandise at better values to make some money."

China was also under a lockdown and we depend a lot on them for fabrics

Akhil Jain, Executive Director, Madame
Akhil Jain Executive Director MadameSince we have our own manufacturing, we are manufacturing less. With lockdown finances are also shut, we will save about 100,000 to 150,000 units, that is produced and this is what I am thinking of if the season doesn’t begin in the next two months. As for autumn/winter, it is still under speculation as China was also under a lockdown and we depend a lot on them for fabrics. Of late, we have started pursuing Chinese...
Read Full Interview Here

Lockdown may prolong and will affect our and world economy

Sanjay Dawar, MD, Bodycare Creation
Sanjay Dawar MD Bodycare CreationsWe are aware of the gravity of the situation and emerging problems across all industries. I feel, the lockdown may prolong for a longer period and affect our and world economy. Everyone will have to face it in their own capacity as no planning and management will work. It is a wait and watch; work as per situation. We plan to retain all labourers, as most have left for their hometown. We will pay them without cuts...
Read Full Interview Here

The only way to avoid this blood bath is massive Government support

Rahul Mehta, Chief Mentor, CMAI
Rahul Mehta Chief Mentor CMAI“India’s Garment Industry is currently going through its worst ever crisis The current lockdown of the country – is a death blow to these smaller units. Most of them will simply not have the resources of surviving for any length of time even after the markets reopen. This is because even after they reopen, markets are highly unlikely to return to its normal,...
Read Full Interview Here

Bad impact on the industry as all inventories are stuck

Sandeep Jain, MD, Monte Carlo
Sandeep Jain Managing Director Monte CarloCoronavirus will have a bad impact on the industry as all inventories are stuck. Goods in transit are not being sold. Goods are stuck in warehouses, so there’s total loss. We plan to cut down our winter production depending on how long it goes on. We’ll have to sell more goods on discount. If this ends in April, it will be fine and if it prolongs to June, it will be very difficult for the industry...
Read Full Interview Here

We are sitting on stocks and there is no sale and absolutely no cash-flow

Kamal Kushalani, Founding Director, Mufti
Kamal Kushalani Founding Director MuftiFollowing government directives closed all our stores and offices. Hopefully, this will be controlled in 21 days and markets open up. Both our spring/summer and autumn/winter collections are likely to be impacted as almost all production for summer is ready. We are sitting on stocks and there is no sale and absolutely no cash-flow. When markets open, we’ll have to look at demand and how much stocks are cleared...
Read Full Interview Here

Tough times and teams with character and determination will win

Satyen P Momaya, CEO , Celio Future Fashion
Satyen P Momaya CEO Celio Future Fashion“We are looking at how to adjust to a new and challenging reality along with protecting the safety of our employees. Being a fashion retailer, we need tombalance the current season’s merchandise while working on possible buy reduction for the coming season. I foresee the market to remain challenging for at least a quarter even after things settle down and stores open as we fall in the non essential category and consumer sentiment will not be at its best. Therefore, I foresee a 20 per cent reduction in demand for subsequent months. We need to look at all costs to protect our bottomline and also manage the working capital. These are tough times and teams with character and determination will win.”
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TRENDSPOTTING 2020
EXCLUSIVE

12 mantras to maintain brand competitiveness in tough times

12 mantras to maintain brand competitiveness in tough times

A visionary academic leader and persuasive administrator, Professor Dr Darlie O Koshy is well known for transforming several educational institutions like the National Institute of Design (NID), Ahmedabad where he served... Read more

‘We are focusing strongly on the innerwear category’

‘We are focusing strongly on the innerwear category’

Kavindra Mishra, Managing Director, India Business and Asia Pacific, Pepe Jeans, speaks exclusively to DFU Publications about the brand, its initiatives and the global denim industry. What is Pepe Jean’s mission... Read more

‘CMAI needs to take a leap into the next level’: Rahul Mehta

‘CMAI needs to take a leap into the next level’: Rahul Mehta

Rahul Mehta has been unanimously re-elected the President of Clothing Manufacturers Association of India popularly known as CMAI for the year 2018 - 2020. Under his leadership, CMAI has been growing leaps and bounds. He ... Read more

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SUSTAINABILITY THE WAY FORWARD

Peter England launches new video on importance of wearing masks

Peter England in association with Bollywood actor Ayushmann Khurrana posted a short video emphasizing the importance of wearing face ma... Read more

Raymond terminates15 per cent employees

One of India’s biggest textiles and apparel maker Raymond has laid off hundreds of employees across the board. The company began ... Read more

Siyaram’s online textile Mahakumbh enters Guinness World Records

Textile brand in men's fashion Siyaram', which organized the Textile Mahakumbh attracted over 50,000 retailers across the country, ente... Read more

Bata India expands e-commerce footprint

Shoemaker Bata India is expanding its e-commerce footprint and ramping up presence in online marketplaces, allowing delivery in over 1,... Read more

Amazon India to create 50,000 seasonal jobs

Amazon India has opened close to 50,000 seasonal jobs across the country to meet the surge in demand from people relying on its service... Read more

AEPC, NIFT collaborate to make designer masks

The Apparel Export Promotion Council and National Institute of Fashion Technology have collaborated to create ‘designer masks&rsq... Read more

KVIC to export khadi face masks

Since the Ministry of Commerce has lifted the ban on exporting non-medical face masks, the Khadi and Village Industries Commission (KVI... Read more

Yogeshwar Sharma resigns as CEO of Select Citywalk Mall

Yogeshwar Sharma has resigned as the CEO of Select Citywalk Mall, Delhi’s premium shopping centre, to pursue options outside the ... Read more

Trent reports Rs 321.64 crore net profit in Q4

Tata’s retail arm Trent, reported a consolidated net profit of Rs 321.64 croresin Q4 ended March 2020. Its revenue from operation... Read more

Retail suffered 9 lakh crore loss due to lockdown: CAIT

In its recent press release, the Confederation of All India Traders (CAIT) stated that the retail business has suffered a loss of 9 lak... Read more

FDCI launches India's first ever online fashion week

The Fashion Design Council of India (FDCI) plans to hold its first-ever digital fashion week in August. FDCI is still working on the de... Read more

India produces 3 lakh PPE products a day

India’s apparel industry is producing around three lakh PPE products a day, with the exportation of these products remaining proh... Read more

Bestseller India to centralize e-commerce operations

Bestseller India aims to create a centralized system for its e-commerce operations in partnership with Unicommerce Through this partne... Read more

COVID 19: Yarn and RMG exports decline by 90%

According to a recent Crisil reports, The Indian textile industry took a severe hit due to COVID-19 as the export of yarn and ready-mad... Read more

KKR to invest Rs 11,367 in Jio Platforms

Reliance Industries and Jio Platforms recently announced that KKR will invest Rs 11,367 crore into Jio Platforms. This is KKR’s l... Read more

Mijwan Welfare makes masks for daily wage laborers

Maharashtra-based NGO Mijwan Welfare Society has produced and distributed non-surgical face masks across India and has set up a donatio... Read more

ITF hails RBI’s decision to extend loan moratium

Indian Texpreneurs Federation (ITF) recently thanked the RBI for extending loan moratorium to six months which would help textile indus... Read more

KVIC to export Khadi face masks

After the commerce ministry lifted the ban on export of non-medical masks, Khadi and village industries commission (KVIC) has announced... Read more

Textile Ministry advises manufacturers to register with GeM

The Indian textile industry recently advised apparel manufacturers to register with with National Public Procurement Portal, Government... Read more

Revival of consumer interest to boost e-commerce growth in 2020

A revival in consumers’ interest back on the marketplaces is likely to change the overall growth prediction for e-commerce for 20... Read more

SKNL liquidation leads to shutting of Reid & Taylor factory

On May 14, the factory that produced fabric under the Reid & Taylor brand was shut down as its parent company S Kumar’s Natio... Read more

India to take long time to recover from COVID 19 lockdown: RAI

Retailers who attended the webinar organised by Retailers Association of India (RAI ) agreed that businesses across India will take con... Read more

Flipkart’s limited sales in India hits Walmart’s growth

The limited operations of Flipkart in India for a portion of the first quarter have negatively affected the growth of Walmart’s i... Read more

Shoppers Stop launches new campaign for Eid

Retail store chain Shoppers Stop has launched a new campaign ahead of Eid encouraging consumers to get dressed up and celebrate the fes... Read more

Raymond to raise funds via NCDs

Fabric manufacturer, Raymond is planning to raise funds via NCDs. The company via an exchange filing made on May 18, informed that a me... Read more

LimeRoad resumes operations

LimeRoad, India’s leading independent fashion platform is back in business post the 45-day lockdown period and has begun to deliv... Read more

India refuses to agree WTO tariff concessions

India has refused to agree to permanent tariff concessions on health and farm products at the World Trade Organisation as an answer to ... Read more

COVID-19: Sales of online retailers dip

Fashion retailers have been badly hit by the coronavirus crisis. Even those with robust online offerings have reported huge drops in sa... Read more

Snapdeal’s facemask sales triple

E-commerce platform Snapdeal has seen sales of face masks more than triple in the past month and sanitiser sales rise by 60 per cent dr... Read more

TEA demands moratium on loan repayment

The Tiruppur Exorters’ Association (TEA) recently requested Prime Minister Narendra Modi to extend the Reserve Bank of India&rsqu... Read more

E-commerce companies to resume operations

E-commerce companies such as Flipkart, Amazon and Snapdeal, as well as vertical etailers including Lenskart, Nykaa, and Firstcry, resum... Read more

Centres eases restrictions on export of woven masks

Almost two months into the lockdown, the government recently eased some restrictions on the exports of woven masks. The move follows a... Read more

Bankruptcy claims by American, European retailers worry Indian creditors

American and European retailers filing for bankruptcies in the wake of Covid-19 pandemic has worried Indian creditors as their unsecure... Read more

Indian apparel exports to grow upto 10%: Virender Uppal

According to Virender Uppal, Chairman, Richa Global Exports & Apparel Made-ups Furnishing Sector Skill Council ( AMH SSC), the Indi... Read more

TEA welcomes move to allow export of masks

Tirupur Exporters Association (TEA) has welcomed the directorate general of foreign trade’s (DGFT’s) decision to allow expo... Read more

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