22 June 2022, Mumbai:

Little did Mani Chinnaswamy, an MBA graduate from the US, realize that he would play a crucial role in bridging the gap between cotton farming and the world of fashion when he took over the family company of cotton mills.

He could have just carried on doing what his forefathers had done and kept purchasing cotton from suppliers for his mill, as he was the third generation of the family company in Pollachi, Tamil Nadu. Period.

ALSO READ  Better Cotton Updates: Annual Report 2021

That, however, was not Mani. India is famous for its cotton. Therefore he wanted to promote it. His wife, Vijayalakshmi Nachiar, a textile specialist, ably backed his choice.

He was astonished to learn that cotton cultivation had switched to genetically modified (GM) crops for various reasons, including poor soil quality brought on by excessive fertilizer usage, a low yield, debt, and farmer suicides.

When he took over the family business of cotton mills, US-trained MBA Mani Chinnaswamy had no idea that he would be instrumental in bridging the gap between cotton farming and the fashion world.

ALSO READ Rising cotton cost compel Indian fashion retailers to hike apparel prices

YBeing the third generation inheritor of the family business in Pollachi, Tamil Nadu, he could have just continued doing what his forebears had done and bought cotton from suppliers for his mill. Period. But that wasn't Mani at all.

He wanted to promote cotton since it is well-known in India. His textile expert wife, Vijayalakshmi Nachiar, skillfully supported his decision.

RELEVANT NEWS  Tata CLiQ focuses on online business

They persuaded the farmers in H D Kote, on the banks of the River Kabini, to go organic by purchasing local seeds from the Karnataka State Seeds Corporation. Since they had switched to GM crops for better yields, the farmers in H D Kote needed persuasion.

The narrative of organic farming thus began. But this is not where it ends. Vijayalakshmi decided to weave the organic cotton so successfully grown into textiles.

RELEVANT NEWS  Piyush Goyal: Indo-Australia trade agreement to gain 'Hi-Quality Australian Cotton' 
Baggy and jogging trousers, jumpsuits, oversized dresses, draped long skirts, tight shirts, and indigo patchwork denim jackets were just a few of the free-flowing, fluid shapes that offered everyday items appropriate for an urban dresser.

Careful attention to detail—top stitching, pleating, and gathers set against wide-fit, gauzy silhouettes emphasized the attractive forms.

RELEVANT NEWS  TexSnips: Geopolitical Situation, Cotton & Textiles Sector

The textiles were occasionally dotted with hand-painted designs and traditional crafts like Bandhani, Shibori, Kalamkari, and mud resist prints.

RELEVANT NEWS Cotton-based apparel see traction as MMF impacted

The clothing fashioned from khadi cotton, organic cotton, knits made from soured organic cotton, and chambray khadi demonstrated how easily simplified shapes in indigenous textiles may fit into modern female collections.

Some of the cottons were from an indigenous rain-fed type from Gujarat known as Kala cotton, while the khadi was in solid and natural yarn-colored stripes.

Join our community on Linkedin

21 June 2022, Mumbai:

Digitalization in retail, like everything else, has democratized Indian consumer markets, with a multitude of emerging and significant D2C businesses now recognizing and serving all micro-consumer categories better than ever before.

With the total addressable market in India expected to exceed Rs. 7 trillion ($100 billion) by 2025, there is plenty of space for established firms to expand and new players to join the D2C revolution.

ALSO READ D2C market is driven by Gen Next entrepreneurs

While now may be one of the best periods to develop and grow a digital-first company in India, it can be time and resource costs.

Disruption, agility in response to new consumer demand, and swift tech advancements supported by tenacious teams that are empowered to act will add the necessary resilience to the D2C eco-system and transform the brand-customer journey, according to a thumb rule that can guide founders at all stages.

The sheer quantity and variety of customer engagement modalities available today, including many social media platforms, give brand owners the chance to convey their narrative and engage customers even before they make a purchase.

ALSO READ D2C brands to drive India’s retail market growth as big players enter the space

Brands can reach out to their consumers in a much more calibrated and focused manner since they have complete control over every part of the customer experience and touchpoints, resulting in a better customer lifetime value.

This phenomenon creates a catalyst for D2C brand hypergrowth.

This is where specialty niches will develop now that consumers have had their fair share of internet purchasing experiences.

RELEVANT NEWS  Aditya Birla Fashion and Retail (ABFRL): To consolidate D2C play eyes at multiple digitally native brands 

These groups aren't only interested in traditional shopping; they're also interested in seeing what's new and out there that matches their preferences and stimulates them to form personal relationships with a brand created by someone who shares their viewpoints.

Hundreds of D2C companies are thriving in the country, each serving a specific niche. This allows other entrepreneurs to develop complementary products and services for D2C brand clients.

RELEVANT NEWS  ABFRL to set up platform for D2C business ABFRL to set up platform for D2C business

The traditional layers of distribution channels are peeling off due to the D2C approach. Because the number of supply chain pitstops has been reduced, products may now reach customers straight from the producer or retailer's site.

People who buy personal care items, vacation services, fashion, fitness, or food products may readily recall seeing advertising on Instagram, Facebook, and other social media platforms before visiting the seller's website and making a purchase.

RELEVANT NEWS  Eské Paris, Direct-to-consume (D2C) lifestyle brand raises funds

Trust and brand recall will be the game-changer for businesses entering offline stores in the post-pandemic environment, particularly in the personal care, fashion, and wellness areas.

RELEVANT NEWS Unwind Mind: To enter into D2C fashion 

The key to developing this brand-consumer solid relationship is continually improving products and marketing techniques based on customer input. This is critical since millennial shoppers are uninterested in companies that tell them what to buy.

Instead, they want items that answer their real-world problems and requirements and frequently seek bespoke solutions.

Join our community on Linkedin

17 June 2022, Mumbai:

A living wage is explained by the International Labor Organization as the theoretical level of wage that one must earn to pay for necessities such as shelter, food, and water in the country where they live.

While the US has one of the highest levels of the minimum pay in the world for garment workers, that rate was just around 70% of the living wage in 2018-2019.

Garment workers in Indonesia, on the other hand, earned a far lower nominal minimum pay of USD 181 per month. However, such an income level was significantly more significant than the claimed USD 103/month living wage during the same period.

ALSO READ How Favourable Is Rupee's Precipitous Fall For Indian Textile Sector

A livable wage is an absolute minimum that employees need to live a decent life. The minimum legal salary in China remains significantly below a living wage, and many workers remain poor—despite the fact that many textile workers are paid more than a living wage.

In Bangladesh, Vietnam, and Indonesia, average salaries are just a quarter to half of what a person requires to live comfortably.

RELEVANT NEWS Apparel workforce awaiting for VDA (Variable Dearness Allowance)

When it became evident that many individuals staying in Baltimore's homeless shelters were employed full-time, the city implemented living wage rules in 1994, and the alive wage movement took off.

On the city's minimum wage, campaigners discovered that it was just not feasible to maintain a decent standard of living.

RELEVANT NEWS How Seriously Are International Brands Looking at Indian Apparel Sector

Where salaries rise, there's a risk that local service providers may raise the cost of rent and food. This means that a rise in income may not ultimately convert into a better quality of life unless executed effectively.

And if the rise isn't uniform, then increases at one facility might result in job losses as multinational companies shift their orders to cheaper competitors. Companies must collaborate with labor unions, governments, and others to solve the issue.

RELEVANT NEWS  What moves the needle on gender equality in the garment sector?

Additionally, it is critical to ensure that costs are not lowered elsewhere due to the salary increase if brands continue to pressure factory owners on price, and factory owners may balance wage increases with a reduction in workplace safety measures.

But one thing is sure: until wages are raised, the people who create our garments will be doomed to a life of poverty and peril.

RELEVANT NEWS ILO: labour market recovery forecast for 2022 downgraded

Effective government intervention is not always possible because of the unstable political situation in countries where labor rights are frequently a problem. 

Local industry players often wield excessive political clout, which they use to protect their short-term interests at the expense of their workers.

Brands should also commit to long-term relationships with suppliers who treat their employees fairly.

 Join our community on Linkedin

22 June 2022, Mumbai:

The government's liberalization initiatives have aided in the expansion of organized retail forms in India. As malls are being built throughout the country, it is clear that the retail scene is changing.

Consumer perception and behavior toward malls have received attention in research. From a retailer's standpoint, there is not much study.

ALSO READ Malls v/s High street 

In India, organized retailing in the form of malls is expected to grow rapidly. The retail scene in India is changing, as are customer views regarding purchasing.

The increase in mall activity raises the question of how big of a contribution malls make to driving sales and profitability. The study sought to understand what drives customer visitation and financial success in malls by interviewing merchants having locations there.

ALSO READ  Malls rents increase 15% as retail sales surge across categories 

The malls' potential for commerce influences retailers' choice of shopping centers. A structured questionnaire was used to perform the primary research for the study.

RELEVANT NEWS  Post Covid World: Malls Rent Hike Is A Reality 

India has seen a significant increase in commerce recently. The reach of malls, formerly confined to metropolitan areas, is now expanding into non-metropolitan regions.

Consumer lifestyle changes and the shift from unorganized to organized forms in commerce are the main factors driving investment in and growth at malls.

RELEVANT NEWS As retail limitations reappear, retailers are resuming rent negotiations with malls

The fact that malls are essential to the lifestyles of most customers suggests that factors such as the variety of goods offered, the cost of those goods, the ease of transactions, and the shopping experience affect the merchants that people choose to shop at.

Many contend that factors influencing customers' choice of retailers include product variety, service, and store location.

The type and services provided are the main factors influencing the clients' choice of retailing formats.

RELEVANT NEWS  Online retail continues to surge despite store sales recovery

With the growing market, and the rising price, the retailers have had a very bittersweet relationship with the malls, where they both earn and pay simultaneously. Sometimes it feels like it is occasionally profitable when they start making loads of profit, as the environment tends to be way more posh compared to the common market areas.

RELEVANT NEWS  Myntra: Online fashion market to show optimistic growth trajectory

 However, when the time comes to pay the profit prices, they feel it to be way more complex, where the bitterness arises.

Both the malls and the retailers make a vital asset to our markets, both from the view of the government as well as the customers. However, to some extent, customers witness it as a terrible experience.

Join our community on Linkedin

18 June 2022, Mumbai:

Quick Background

The textile sector in India is the second biggest employer, employing about 100 million people Going back to 1911, only a few blocks from today's 'Fashion Week' location in Manhattan.

According to one industry report," The textile industry is the second greatest polluter of local freshwater in the world and is culpable for roughly one-fifth of all industrial water pollution".

Citing one quick instance," The Triangle Shirtwaist Factory in New York City, along with straight-front corsets, the fox-trot, and Teddy Bears, was at the leading edge of style, apparel, and Washington Square until a fire struck".

One hundred forty-six employees died in what turned out to be the city's worst industrial accident ever. On 24 April 2013, the collapse of the Rana Plaza building in Dhaka, Bangladesh, which housed five garment factories, killed at least 1,132 people.

ALSO READ  Sustainable but affordable Fashion 

Real V/s. Reel

Fashion documentaries often provide viewers a behind-the-scenes glimpse at the industry's creative powerhouses, designers, magazine editors, and photographers whose works have captivated millions of people worldwide.

These films are frequently set in the luxurious bubbles of fashion, whether in Valentino Garavani's enormous French estate or inside an haute couture studio, where a freshly installed designer told an underling to spray-paint a costly white jacket black.

Brand corporations made the most money at the start of the century by inciting bidding wars among factory owners. Factory owners would intensify downward pressures on workers to stay competitive and obtain the most for less.

ALSO READ African Development Bank’s Fashionomics Africa, partners, launch new sustainable fashion competition with $6,000 in cash prizes

It Is More Than What Meets The Eye!

Workers on the factory floor were left with poverty pay, decreasing working standards, and an increase in industrial fires due to this chain reaction.

Today, companies like H&M, Adidas, and Nike are extending production into countries like India, El Salvador, and Cambodia, all of which use the same three-part model.

Fire-conducive raw materials, locked entrances, malfunctioning or non-existent sprinkler systems, lack of fire safety equipment or training, high-density workplaces, and so on are all examples of historical and contemporary parallels in the apparel industry.

RELEVANT NEWS Removal of cotton imports duty failed to benefit spinning & composite textile mills

Dark Side Of Business

Many do not know about the darker side of the glamorous fashion industry; however, there lies a lot of deep-buried secrets in fashion life.

Looking down on people to some extent because of their profession or lifestyle makes it difficult for them to go about with their life. While following their profession, people do find some of their works demeaning.

Sometimes people find it difficult to cope with the present competition; with the passing days, the industry is growing exceedingly, and the rat race seems extremely unfortunate and pressurizes the individual.

RELEVANT NEWS  Aditya Birla Fashion and Retail (ABFRL) collaborates with GIZ GMBH for sustainable fashion solutions

Pulse Check

Due to such pressure on the individual, people find it extremely difficult to keep up with the constantly changing and growing situations.

Consumers are enticed to buy trendy clothing as soon as it hits the shops.

But they are blind to the harsh truth, the agony with which the apparel is made.

RELEVANT NEWS  Post COVID 19 World: Designers in Malang Shift & adopt Sustainable Fashion Production Practises

To stay ahead of the competition, fast fashion merchants release new collections regularly, which has harmed not just the environment but also human labor.

Customers from Istanbul discovered something unexpected in the apparel recently when buying at Zara, letters from factory employees saying that they manufactured the item that we are about to buy.

RELEVANT NEWS NIFT and UNEP are collaborating on a project called "Design Innovation for Sustainable Fashion." 

The employment and salary circumstances of Indian textile sector employees are deteriorating due to decreased output and global sales. Factory closures and wage arrears are likely the greatest danger to textile workers' socioeconomic well-being. 

To stay ahead of the competition, fast fashion merchants release new collections regularly, which has harmed not just the environment but also human labor. 

It Is More Than What Meets The Eye!

Customers from Istanbul discovered something unexpected in the clothing recently when buying at Zara, letters from factory employees saying that they manufactured the item that we are about to buy.

Still, they didn't get paid for it. This is only one of many examples of their suffering.

Such deep hidden dark sides of the fashion industry are yet to be unveiled and yet to be looked at with seriousness. 

Join our community on Linkedin

17 June 2022, Mumbai:

Current State Of Affairs

With anti-China sentiments on the increase in the United States and worldwide, the region's textile industry sees an opportunity to tap into the American garment market.

According to a Business Standard report," It is in a sweet spot, largely because of the China Plus One policy of European and US apparel brands, and the ban on Chinese cotton by the US. Industry players also indicate that following the China Plus One strategy, there is at least a 20 percent shift of exports from that country to India".

The Indian Texpreneurs Federation (ITF), located in Coimbatore, has urged textile businesses in the state to focus 'aggressively' on the US market right now. Right now, in regions like Tirupur, around 75% of units focus on European markets. Focus on the US is less. This combination of factors and the situations post the Covid-19 outbreak, could accelerate the trend of decline in Chinese apparel imports by global countries, Dhamodharan said.

A prominent German business that has been getting T-shirts from China for years contacted a supplier in Tirupur, Tamil Nadu's famed textile industry, a few months ago. After making inquiries and conducting due diligence.

ALSO READ  (China + 1) Strategy: Driving Global T&A Supply Chains

The firm offered Warsaw International a four-thousand-piece T-shirt purchase for this fiscal year. According to Raja Shanmugham, managing director of Warsaw, the brand stated it wished to relocate a portion of its business away from China but refused to specify why.

India should concentrate on reclaiming the markets that the Chinese are abandoning. Trends indicate that this is not the case. Even with free-trade agreements like Japan's, our garment exports have not increased significantly.

RELEVANT NEWS  Future outlook for wearables strong as demand from smaller cities grows

The export and import laws should be formulated so that the industry, particularly textiles, has a level playing field.

Imports of raw materials used to make synthetic textiles, for example, are subject to a higher tariff. Then anti-dumping duties on synthetic fabric raw materials were levied on select Indian manufacturers. They had complained about the impact of raw material imports.

RELEVANT NEWS How Seriously Are International Brands Looking at Indian Apparel Sector

According to a report released in October last year by the Confederation of Indian Industry (CII) and global management consulting firm Kearney, India's textile industry should aim for $65 billion in exports over the next five years, especially with China Plus One sentiments favouring India as global companies look for sourcing and manufacturing destinations outside of the factory of the world, China.

RELEVANT NEWS Someone's Loss Is Someone's Gain: Is the Chinese Textile Industry's Loss India's Gain? 

According to the Press Information Bureau, India's domestic textile and clothing manufacturing is valued at $140 billion, including $40 billion in textile and apparel exports. According to the commerce ministry, the government has set an export goal of $100 billion over the next five years, up from $34 billion in 2019-20.

RELEVANT NEWS China & Bangladesh 'Top importers of swimwear into the US, Jan'22'

According to experts, India, as a significant textile player, has the chance to expand its footprint in this market significantly.

Way Forward

The government's goal of $100 billion in textile exports over the next five years can only be met if a robust structure, longer-term policies, and more excellent planning by Indian enterprises are in place.

Aside from that, one needs to assist with ease of doing business to assure the seamless running of supply chains for brands and merchants wishing to de-risk operations.

Also, if India controls its cotton supply well enough, we will be able to add more value to raw cotton or yarn exports, allowing us to expand our operations and market share.

Here We will Like To Leave You With The Thoughts," There Is A Semblance Today Than Ever Before In The Optimism That Indian Textile Industry Seems To Be Poised To Wriggle Out Of Troubled Water To Cash In On Anti-Chinese Sentiments".

 Join our community on Linkedin

22 June 2022, Mumbai:

Preview

Due to the nature of internet transactions, e-tailers typically have more precise information about their goods and services than customers. E-tailers might try to advertise good product and service quality by using flexible return policies to allay customers' worries about concealed information.

Consumers have more and more needs in 2019, thanks to the growing number of e-shops at their disposal. You must use the best customer service practices to please them.

ALSO READ  Myntra teams up with H&M for an online shopping event 

High service quality

An accommodating return and refund policy is a sign of high service quality. It even ranks among the most crucial considerations when choosing a product to buy online. Not every industry will inevitably be impacted.

However, the creation of a return policy is unavoidable for online retailers in sectors like fashion or furniture where buyers cannot see the item before purchasing. It is governed and required.

A return and refund policy is a declaration that outlines the criteria under which an online store will accept returns of items that customers have already purchased and the circumstances under which a refund or exchange will be given.

ALSO READ D2C brands to drive India’s retail market growth as big players enter the space

Your potential clients will be more willing to give your brand a try if they know they can return things with ease. Because they are able to win the confidence of their website users, most online retailers soon experience an increase in sales after implementing a good return and refund policy.

Up to delivery, there is no way to trial or test a thing, and the item could not match what the consumer had in mind. There may be discrepancies between what the buyer anticipates from the goods and what it actually is in terms of colour, fabric, and size.

RELEVANT NEWS  Tata CLiQ focuses on online business

The secret to reducing this kind of feedback is to provide data that accurately represent your products. Create precise product names, in-depth product descriptions, and sizing charts.

Whether you have a clear and liberal eCommerce returns policy is one of the key factors that determine where online buyers make purchases. According to studies, effective return policies boost sales without raising the number of returns.

RELEVANT NEWS  ABFRL to set up platform for D2C business ABFRL to set up platform for D2C business

Necessary Evil

Furthermore, according to Web Retailer, if repeat customers make up at least 40% of your eCommerce business's sales, you will likely have 50% greater sales than online merchants for whom repeat customers only account for 10% of their sales.

To put it another way, returning consumers are essential to your company.

Returns, however, may be pricey.

In 2020, 18.1% of things bought online were returned, according to the National Retail Federation. Returns usually imply you spent money on shipping to and from a consumer without making a sale.

This study finds that returns from online sales, particularly return to the store, are seriously impacting company profits. In addition, returned goods aren't always resalable, so those expenses affect your bottom line.

RELEVANT NEWS  Online retail continues to surge despite store sales recovery

No Questions Asked Policy

However, there are methods to use returns that will benefit your online store's health and satisfy your consumers.

Your most excellent customers frequently return the most items, according to the NRF survey; thus, improving the returns process will eventually boost your sales.

RELEVANT NEWS  Myntra: Online fashion market to show optimistic growth trajectory

Pain Point

Retailers in the automotive industry struggle the hardest since nearly one in five of their consumers return their goods. Apparel/Clothing stores, home improvement, and housewares companies, whose clients produce 11.5 % of online orders, come in close succession.

The number of returns and the type of payment a consumer makes also vary.

The most likely customers to refund an online purchase are those who pay with a credit card. The least probable buyers were those using debit cards.

This article aims at understanding & giving useful insights into consumer behavior in respect of return policies offered by E-tailers.

Join our community on Linkedin

18 June 2022, Mumbai:

A general overview 

The textile sector in India is the second biggest employer, employing about 100 million people directly and indirectly. 

As per the ResearchGate report, "The domestic textiles and apparel industry contribute 2% to India's GDP, 7% of industry output in value terms, and 12% of the country's export earnings".

As a result, it is critical to discuss the facts on the adverse effects of the lockdown on the textile sector and India's economy. Each crisis, however, brings about structural adjustments and opportunities.

With its old skills and cultural traditions, the Indian textile industry is one of the most distinctive in the world. India's textile industry, worth almost $140 billion in 2017, is expected to be worth more than US$ 209 billion by 2029.

The sector suffered a significant downturn due to the pandemic. Still, as the outbreak fades, the Indian textile market is expected to rebound and develop at a 10% CAGR from 2019 to 2026, reaching US$ 190 billion.

The nation's textile sector has significantly contributed to the economy. The industry generated 7% of the sector's production in 2019. Cotton, handloom, yarn goods, and other exports soared by more than 50% in June.

ALSO READ How Favourable Is Rupee's Precipitous Fall For Indian Textile Sector

The sector has attracted FDI and several other investments in the previous five years. The ICIL announced an investment of $2.6 million in May 2021. Under the automated way, the Indian government has permitted 100 percent automation.

Many additional investments from FBB (Fashion at Big Bazaar), Raymond, Max Fashion, and others, as well as initiatives like the Scheme for Capital Building (SCBTS) and Production-linked Incentive (PLI), are assisting in the industry's growth and exports. By 2025, India's textile sector will attract US$ 120 billion in investments and grow product exports to US$ 300 billion.

RELEVANT NEWS Removal of cotton imports duty failed to benefit spinning & composite textile mills

By 2025, India is expected to be the second most attractive market, contributing up to US$ 121 billion, while China is expected to be the most attractive market contributor, contributing US$ 378 billion.

With a GDP growth rate of 7.2 percent in 2017-2018, India is one of the fastest-growing countries in the world. This increases people's spending power and increases demand for textile sector products.

RELEVANT NEWS  Piyush Goyal: Indian Textiles gets a boost out of Australia & UAE Trade Agreements

This increase in capacity results in a greater variety of items that may be shipped inside India and beyond the world.

Like the rest of the globe, India is still reeling from the COVID-19 crisis at a breakneck pace. In India, the virus has infected about 2,836,925 persons and killed 53,866 people since August 20, 2020. The global estimates for those infected and who died from the virus are 22.41 million and 787,701, respectively.

RELEVANT NEWS  Piyush Goyal: PLIs will help us create global champions

These data help us grasp the intensity of this epidemic, which, while not the first to strike humanity, is one of the worst in terms of its impact on the socio-economic landscape of India and the entire globe, given the increased global interconnection among different countries.

RELEVANT NEWS Piyush Goyal: Holds meeting with the newly constituted Textile Advisory Group 

Reality Check

The employment and salary circumstances of Indian textile sector employees are deteriorating due to decreased output and global sales. Factory closures and wage arrears are likely the greatest danger to textile workers' socioeconomic well-being.

In addition, the industry employs a large number of women. As a result, considering its relevance for women's empowerment, the government could ill afford to ignore it from the standpoint of socioeconomic welfare. 

In Summary

As per KPMG report," China and India are major raw material suppliers to all the key textiles and apparel manufacturing hubs across the world and are thus indirectly influencing, to various degrees, the overall industrial growth of these economies".

 Join our community on Linkedin

14 June 2022, Mumbai:

The Indian textile industry plays a significant role in the country's economy. Apart from providing one of life's most basic requirements, the textiles sector also plays a vital role in the country's industrial production, employment generation, and export revenues.

It accounts for around 14% of the industrial output, 4% of GDP, and 17% of the country's export revenues. Over 35 million people are directly employed as a result of it. After agriculture, the textiles industry is the second largest employer. As a result, the expansion and overall development of this business directly impact the nation's economy.

ALSO READ  PM Mitra Scheme & Its Impact On Textile Sector

The Indian textile industry's distinctive structure stems from a heritage of tax, labor, and other regulatory laws that supported small-scale, labor-intensive businesses while discriminating against larger-scale, capital-intensive companies.

The structure is also attributable to India's historical focus on fulfilling the requirements of its native consumers, mostly low-income, rather than the global market.

Significant gains in technical efficiency and international competitiveness have resulted from policy reforms that began in the 1980s and continued into the 1990s, particularly in the spinning sector.

However, more reforms are still needed to improve India's weaving, fabric finishing, and clothing industries' efficiency and competitiveness.

RELEVANT NEWS  Future outlook for wearables strong as demand from smaller cities grows

The textile ministry holds a very systematic website wherein all the details about the Indian textile are published as well as reported, and along with that, several grievances are addressed, and several important steps are undertaken.

Day-to-day activities and news are regularly updated on the website.

The ministry also closely monitors all the things that are happening at several textile outlets. Increases or decreases in price, changes in production units, the introduction of new raw materials, withdrawal of any material, or addition and subtraction of any information are actively posted on the website.

RELEVANT NEWS   CEPA between India & UAE to incentavise Textile sector

The Ministry of Textiles actively connects throughout the world. Anyone in and across the country can get any information that they require by just clicking on the website. The ministry has tried to make the process as transparent as possible so as to promote the textile industry in and across the world, at large.

The colossal event, according to Textiles Minister Smriti Zubin Irani, would span the full value chain. The event is expected to attract between 800 and 1,000 Indian exhibitors, as well as 2,500 international buyers and 1,000 Indian high-volume retail buyers.

RELEVANT NEWS  Vietnam To India: How Can the Indian Textile Sector Benefit 

International exhibitors will be welcome to participate in the exhibition.

The Common Umbrella Brand would be created for the Indian textiles industry by showcasing products from fiber to fashion at the Indian Pavilion, holding roadshows in conjunction with the event, and hosting 'India Eve' (B2B Meetings) after the event's business hours.

RELEVANT NEWS How Much Is Depreciated Currency Supporting the Indian Textiles Sector

The show will also feature a Technical Conference titled Advantage India, Sourcing Destination for the World, which will bring together renowned national and international speakers and delegates to establish India's relevance in global textile sourcing, discuss key issues, and chart a course for high growth. 

The conference will also cover topics such as skilling, branding, fundraising, and technological advancement.

 Join our community on Linkedin