17 November 2023, Mumbai
IN BRIEF
NeceSera is a brand that cares about social and environmental issues.
It aims to redefine loungewear as a blend of comfort, style, relaxation, and luxury.
All Stories
16 November 2023, Mumbai
Embark on a Fashion Extravaganza
The Singara Garden Readymade Merchants Association proudly unveils the Sri Lanka Edition of the International Apparel Fair, an immersive showcase of Sri Lanka's vibrant apparel, textile, and accessories industry.
Experience the Essence of Sri Lankan Fashion
Prepare to be captivated by a dazzling array of exquisite designs, innovative fabrics, and trendsetting accessories at the esteemed Sri Lanka Exhibition and Convention Centre (SLECC) from January 30th to February 1st, 2024.
Venue: Sri Lanka Exhibition and Convention Centre (SLECC) 12 McCallum Rd, Colombo-01000, Sri Lanka
Dates: January 30th, 31st, and February 1st, 2024
04 November 2023, Mumbai
WHY India
India's textile industry, which is expected to reach $223 billion shortly, is embracing circular fashion to address its environmental impact. Cotton farming, the main raw material for the industry, consumes about a quarter of the world's pesticides, and textile production generates a lot of waste.
Video Insights
Circularity
Circular fashion aims to make the industry more eco-friendly and resource-efficient by eliminating harmful substances, increasing the lifespan of clothes, recycling materials, and using resources wisely. Industry-led initiatives like the Sustainable Apparel Coalition and the Higg Index, a tool to measure and improve sustainability performance, are supporting this transition.
New technologies and practices are also emerging in India to promote circular fashion. Startups like Boheco, Trustrace, Lionise, and Kiabza are exploring new ways of making, selling, renting, and reselling clothes.
The right step in the right direction:
Here are some specific examples of how India's textile industry is embracing circular fashion
Boheco is a Mumbai-based company that is using hemp fiber as an alternative to cotton. Hemp is a more sustainable crop than cotton, as it requires less water and pesticides to grow.
Trustrace is a Chennai-based company that is using blockchain technology to enhance the visibility and accountability of the supply chain. This helps to ensure that materials are sourced from sustainable suppliers and that products are manufactured in ethical conditions.
Lionise and Kiabza are experimenting with new retail models that focus on renting and reselling clothes rather than buying new ones. This helps to extend the lifespan of clothes and reduce waste.
Future Forward
These are just a few examples of the many ways in which India's textile industry is embracing circular fashion. As the industry continues to grow, it is important to adopt sustainable practices to protect the environment and ensure a sustainable future for the industry.
03 November 2023, Mumbai
IN BRIEF
Reliance Retail's AJIO has launched AllOGRAM, a new content-based interactive shopping platform with a focus on direct-to-consumer (D2C) brands.
06 November 2023, Mumbai
Why India
The Confederation of Indian Industry (CII) and the Government of Maharashtra jointly organized the TEXFUTURE 2023 Conference on November 1, 2023, where they released a report titled "Decadal Outlook for Textile Industry: Threads of Transformation for Textile Industry" prepared by CII and Primus Partners.
Video Insights
The report projects that the textile industry will increase its share of the GDP from 2.3% to about 5% by 2030. It also expects a steady annual growth of 9% in Gross Value Added (GVA) from 2021 to 2028.
Unveiled
Maharashtra's Honorable Textile Minister Chandrakant (Dada) Patil launched the report and said that the Textiles Policy 2023-28 is a major milestone in Maharashtra's development journey.
The policy aims to attract Rs 25,000 crore of investments and create 500,000 jobs, with a focus on the growth and sustainability of the industry, including Technical Textiles.
Bright prospects
Dr. Praveer Sinha, Chairman of CII Western Region and CEO & MD of Tata Power Company Ltd, emphasized the huge potential of the Indian textile industry, which accounts for only around 5% of the global trade in textiles and apparel, despite being the world's fifth-largest economy.
He urged for an integrated approach to improve value addition, competitiveness, and sustainability, which would contribute to employment generation and national output.
Policy Intervention
Devroop Dhar, Co-Founder and Managing Director of Primus Partners spoke about the government's initiatives and schemes to support the textile sector, such as the Amended Technology Upgradation Fund Scheme (ATUFS), Production-Linked Incentive (PLI) Scheme, and National Technical Textile Mission, which have incentivized investments in modern technology and infrastructure, thereby enhancing the sector's competitiveness.
Job creator: The Indian textile industry, which employs over 100 million people in textile and allied sectors, is a major employer and contributor to GDP. The industry accounts for around 2.3% of India's GDP and is expected to grow at a steady rate of 9% in the coming years.
5 key insights:
- Growing industry: Projected to grow 9% annually from 2021 to 2028.
- Job creator: Employs over 100 million people in textile and allied sectors.
- Investment potential: Textiles Policy 2023-28 aims to attract Rs 25,000 crore of investments.
- Government support: Amended Technology Upgradation Fund Scheme (ATUFS), Production-Linked Incentive (PLI) Scheme, and National Technical Textile Mission.
- Huge potential: Indian textile industry accounts for only around 5% of the global trade in textiles and apparel.
04 November 2023, Mumbai
IN BRIEF
Multibagger; Reliance, the prominent retail giant in the country, is poised to deepen & widen its pfootprints in the rapidly expanding beauty and personal Care (BPC) market by buying the beauty retail business of Arvind Fashion, a company promoted by the Ahemdabad based, Lalbhai family.
03 November 2023, Mumbai
IN BRIEF
Why India
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth.
06 November 2023, Mumbai
IN BRIEF
Global apparel retailer UNIQLO has officially launched its more than 1,000-square-meter LifeScape booth at the 2023 China International Import Expo (CIIE), taking place from November 5 to 10 in Shanghai.
The booth showcases the company's latest innovations in apparel technology, sustainability, and design, with a focus on the "Art and Science of LifeWear."
04 November 2023, Mumbai
IN BRIEF
Indian vibrant retail landscape is set for a remarkable elevation with the inauguration of Jio World Plaza, the country's largest luxury shopping mall, opened on November 1 in Mumbai.
A swathe of land spans an impressive 750,000 square feet within the Bandra Kurla Complex.
03 November 2023, Mumbai
IN BRIEF
As per latest ETRetail report,
Relaxo Footwears' net profit surged 97% year-over-year in Q2 FY24 to Rs 44.19 crore, on a total income of Rs 725.86 crore, up 7%.
06 November 2023, Mumbai
IN BRIEF
The Indian Apparel Export Promotion Council (AEPC) has set a target of reaching $40 billion in apparel exports by 2030.
The council plans to achieve this goal by exploring new markets, forming strategic alliances, and focusing on innovation, market expansion, product diversification, and ethical and sustainable business practices.
03 November 2023, Mumbai
A recent study by NeoGrowth found that most Indian retailers are not worried about e-commerce disrupting their traditional business.
Only 18% of the surveyed retailers said that online retail hurt their sales, while the remaining 82% claimed that they did not face any challenges from e-commerce. Some of them even reported an increase in sales due to e-commerce.
Hybrid mode
The study also shows that the sectors that are least vulnerable to e-commerce are consumer durables and electronics, food and beverage, and lifestyle & fashion.
02 November 2023, Mumbai
Why India
Case Study
A Diverse Product Range
Global Brand offers a wide range of trendy and affordable clothing options, including t-shirts, jeans, and dresses, which have become extremely popular with Indian consumers.
The brand's average order value is ₹2,000, and its impressive conversion rate exceeds 10%.
A Multi-Channel Approach
To ensure a seamless and flexible shopping experience, Global Brand employs a multi-channel approach, leveraging its stores, online marketplaces, and partner stores to reach its customers.
The brand has also invested significantly in marketing, spanning social media, television, and print advertising, to build a strong brand image and awareness among Indian consumers.
Challenges and Success
While Global Brand has been a remarkable success in India, it faces challenges in the competitive Indian apparel market, contending with both domestic and international brands vying for market share.
Additionally, the brand grapples with the issue of counterfeiting, which could potentially damage its reputation and product quality.
Despite the challenges, Global Brand's journey in India is a success story. The brand has adeptly harnessed its strengths and overcome challenges to build a loyal and satisfied customer base.
With aspirations for continued growth and expansion in India and other emerging markets, Global Brand is undoubtedly a brand to watch in the global fashion landscape.
5 key insights :
- Diverse and affordable
- Multi-channel approach
- Strong brand image
- Competitive market
- Growing business
