22nd October 2021, Mumbai:

This may be recalled that the government is done with the announcement of the MITRA (Mega Integrated Tex Region and Apparel) scheme seeking to invite new investments for the Indian Textile Sector making a case for the enhanced attractive this space has attained, attributable to a series of back to back measure centre has taken entails the building of mega textile parks in the country spread across.

The measures include initiatives such as the launch the Sector PLI scheme directed to achieve manufacturing excellence and RODTEP to build in export competitiveness in this golden industry capable of providing maximum job creation against every single crore invested in this industry.

Therefore the expectation of hitting an ambitious 100 $ Bn is not entirely undoable.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Fundamentally to make the eco-system less concentrated on cotton push the industry to start increasing the use of MMF (Man-Made Fibres) and more aligned to global consumer demand thus making RMG exports more broad-based and sanguine, a PLI scheme was introduced Wayback in November 2020.

PLI scheme's underlying theme and objective technique is to give the right impetus to domestic manufacturing of man-made fibers, garments, and technical textiles to make the supply chain more contemporary and going forward integrate into the global supply chains.

Hopefully, PLI Scheme will be able to course-correct the asymmetry of our system as the semblance is that now as a structural change is been conspicuously been witnessed in the government approach of leading the trade in the direction where the world is heading to, and clearly is a fundamental tailwind for the turnaround in the fortunes of textile trade.

SO FAR SO GOOD.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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 14th October 2021, Mumbai:

With festivity upon us both back home & globally India’s clothing and textile exports witness increased demand, some global factors help our exporters see demand tailwind such as sanctions on China’s New River by the United States, the global China Plus One/ China credible alternate, United Kingdom and the EU, reduced production capacity, Power outage reported from China and Vietnam due and resurgence in COVID-19 cases from western & advanced nations, respectively.

Supportive factors pinching global leader China's rising coal prices China’s due to regulated supply, stringent emission standards (As China tends to usher in decarbonization glide path), and China facing unusually strong demand from the industry both from within & global market

A new wave of COVID-19 at major ports affecting Chinese exports continues to be a niggling global supply side constraint.

Furthermore, The US ban on cotton in the Xinjiang Uygur Autonomous Region is another plus favoring sustainable cotton demand from India.

Back home trade starts to see fundamental demand tailwind for India’s clothing and textile exports as we get into the global festive spirit.

Additionally, on the back of the fact, the fortunes for Exports of cotton and cotton products from India have turned the corner owing to the elevated international cotton prices v/s the prevalent prices of Indian cotton. 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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22nd October 2021, Mumbai:

The Adidas Global giant brand with a profound history in the space of Sports Performance and Sport Inspired segment, having served the global audience with a deep-rooted connection with the sport for since long.

On Thursday it announced to have roped in Bollywood actress 'Youth Icon' Deepika Padukone to endorse the German legendary sportswear brand its global audience for women sports.

“Adidas conveyed a warm welcome to its brand ambassador with open arms," Welcome aboard,” the sportswear brand said in a statement. Padukone the professional she is expected to work closely aligning to the signature philosophy of Adidas on their coherent efforts in the direction towards fitness; Of course both physical and emotional.

Given that the brand’s attitude of ‘Impossible is Nothing’, the partnership roping in her is definitely a testament towards breaking barriers, pushing boundaries, and needless to mention limitless possibilities. The brand continues to inspire both generation of the day as well as generations to come.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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19th October 2021, Mumbai:

The Textile Ministry's recent draft finer points/ guidelines are quite indicative that a point-based system with well-defined criteria entailing job provider, location, entities' financials, economic prospects, and technological fit & proper criteria/ soundness.

Ministry has set in criteria of 'A grading system to identify units for the ₹10,683 crore Sector Production Linked Incentive (PLI) scheme for man-made fiber (MMF) and technical textiles segments giving priority to manufacturers and entities creating job opportunities, located in areas under reached/ smaller cities, which are otherwise an apt choice as in financially fit & proper/ sound, have relevant experience, wherewithal, technical capacity and are keen to invest in integrated production system rather than in piecemeal/ single segment.

The scheme draft will be fine-tuned & operationalized only after the consultative process deriving feedbacks from all multi-stakeholders.

More importantly, the Ministry has also conveyed that subject to a critical threshold of turnover for the incentive if not achieved in a specified year by participating entity, they will not be entitled for incentives in the year in question albeit will not be restricted from claiming the incentive in the following years, provided they meet the all the eligibility criteria as applicable.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22nd October 2021, Mumbai:

Earlier NCLT had permitted Future Group (FRL) to hold a meeting of shareholders and creditors for the requisite consolidation of its entities which was visibly a relief to Future group.

While it is imperative to describe here Amazon India, is fighting this bitter corporate tooth & nail with the Future Group, & wants to the deal to be blocked ASAP.

As a sequence of events, FRL moved to SIAC with two clear pleas. One it had contested that it was not a party to the agreement signed between FCPL and Amazon in 2019, it was where AMAZON visibly had infused roughly around Rs 1,400 crore into FCPL. More importantly, FRL appealed to SIAC to reverse the interim stay on the envisaged deal to sell its assets in question to Reliance Retail (RIL).

Let us try and look at the turn of events,"Amazon vehemently contests the investment does give it lien as in an indirect stake in the flagship Future Group.

SIAC's ruling made 'FRL' a party to dispute. The proposed meeting envisions a step in the direction of FRL's assets; 'Warehousing, Logistics & Retail' going to RIL.

Needless to state E-tailer/ Amazon India wants to block the deal at any cost.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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19th October 2021, Mumbai:

NCLT grants permit to Relianceto seeking creditors and shareholders approval for proposed deal with (FRL) Future Group. By granting this important permission clearly, the NCLT sets aside the opposition/ objections raised, and the argument made by Amazon iterating them as “premature” comes as in relief.

Just to give a quick backdrop in the given case," Reliance Retail Ventures is a subsidiary of Mukesh Ambani-owned Reliance Industries (RIL). The group had proceeded with the NCLT seeking a nod to move ahead with creditors’ nod for reorganizing companies in lieu of the proposed Future-Retail Deal waiting for a lasting solution.

Reliance Retail Ventures apparently can hold meetings seeking a much-sought-after nod for the company's proposed ₹24,700 crore deal with the (FRL) Future Group was it really turned out to be a time-drawn exercise.

Noteworthy NCLT's finer points in the given case are awaited.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

14th October 2021, Mumbai:

Language Shoes introduces their all-new range of Loafers for men, offering the finest quality of genuine leather indulgence to men. Loafers are a must in everyone’s wardrobe, they are a match made in heaven for all your business casual attire. Language Shoes uses the finest quality genuine leather to ensure you revel in the experience of comfortable luxury.

There are several different styles to choose from Language Shoes, you will find Loafers made of genuine leather, Nappa leather, suede and there are exotic leather options such as Eel and Ostrich skin available as well.

These Loafers are versatile and are crafted in several exciting patterns that are sure to be your go-to for any occasion. Each Loafer has a picture-perfect design and a footbed that will ensure you are as comfortable as you can be. Make a statement with a classy pair of Loafers from Language Shoes.

These premium leather Loafers for men are all handmade and available in several colour options.

Explore the collection of Loafers for men from Language Shoes at its exclusive brand outlets at Nungambakkam, Chennai, VR Mall, Chennai, Express Avenue, Chennai and Sarath City Mall, Hyderabad. and in more than 200 multi-brand outlets across the country, at Viz., Metro Shoes, Mochi, Inc.5, Centro, Atesber, Regal Shoes. 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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19th October 2021, Mumbai:

Allen Solly is a brand inspiring the birth of an entirely new consumer class. Launched in India in 1993, it's edgy positioning, smart communication, and great fashion created the 'smart casuals' category in India. 

Allen Solly, India’s pioneer brand in casual work-wear from Aditya Birla Fashion and Retail Ltd., The brand spotlights body positivity with its new size-inclusive denim apparel. 

The campaign addresses the growing concerns– “one-size-fits-all”, as women struggle to find the perfect fit denim. Unveiling a new range of denims for women in diverse sizes with a brand new campaign ‘Own Your Shape’.  With the launch of new campaign ‘Own your Shape’, the brand aims to provide stylish denim for every body type.

Mr. Anil S. Kumar, COO, Allen Solly said, “At Allen Solly, we care about the right fit for all body types. The need to move beyond ‘One Size Fit for all’ was common during our customer outreach.

He further added, “The brand strongly believes that this campaign will bring positivity among women and encourage the brand to make more such products.”  

The brand caveat ‘Own Your Shape’ campaign is to break away from the stereotype of clothing or the notion of specific styles for certain body shapes and address the diverse sizes of Indian women. 

Mr. Mahesh Gharat, CCO, Ogilvy South said, “When women compliment other women on their sartorial choices, it conveys a subtle but beautiful appreciation of each other. This is exactly what the film captures between these three wonderful girls. 

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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Welspun India where innovation is the way forward & the signature of the group is process is the outcome, launched its upgraded multi-level traceability solution Wel-Trak 2.0, this is on the back of cutting edge technology enabled by blockchain, artificial intelligence, and cloud technologies, the earnest was traceability in order to track tens of millions of finished products across its value chain.

Welspun India is one of the leading textile companies in India. It provides a wide array of high-end flooring solutions, including rugs, tiles, and carpets.

A giant leap forward in the direction of providing visibility across long global supply chains in the textile sector. Wel-Trak 2.0 is an upgrade to Wel-Trak, the company’s patented end-to-end traceability technology designed to help the multi-stakeholders viz from retailers to farmers and manufacturers to suppliers, traders, certifying bodies, and end consumers possibly all the ends– technically to track raw materials throughout the supply chain back to their origin so to say.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

13th October 2021, Mumbai:

Reliance Retail is likely to be the new 'India Gap Franchisee' of the cult US fashion brand Gap Inc.

It is to mention here that Reliance has been in advanced talks with Gap lately and as per sources shall emerge as the worthy front-runner to stitch this coveted deal reportedly ahead of 'Myntra' which apparently was also interested in this American fashion apparel brand.

Apparently Reliance Retail will be able to extract a huge concession of manufacturing 100% of all Gap products to be sold in India compared to its arrangement of 70% it had with preceding franchisee partner 'Arvind Fashions'.

Industry sources indicate that Gap was seriously scouting for an India partner ever since it snapped its ties with Arvind Fashions. Arvind Fashions tried hard to justify Gap’s enterprise interest in India, even tried closing and downsizing retailer sizes before the eventuality struck.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage