13th October 2021, Mumbai:

The Southern India Mills Association (SIMA), 'Committed to foster the growth of the textile industry in India, urged and seriously appealed to Prime Minister Narendra Modi to present an innovative 'Cotton Procurement and Trading Scheme for Cotton Corporation of India' for bringing price stability.

SIMA unequivocally stressed the feasibility of this reducing trade pressure point doing it by providing government funding to procure 10 to 15 percent of the cotton arriving in the open market during the season, also by strategic stockpiling to attain sanguine price stability.

Furthermore, the selling of cotton can be calibrated till the end of the season while also aiming to maintain historic stock for the following season.

Most importantly the Government is also sincerely prompting & motivating the production of organic cotton to protect the soil health and environment, besides to meet the fledgling demand of domestic and international markets, more so as India continues to be a frontrunner in the space of growing organic 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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12th October 2021, Mumbai:

China's 'Fosun Fashion Group' announced on Monday its intention to now rebranding itself to 'Lanvin Group', building on its lineage, the credibility of celebrated labels, in the earnest to establish a world-class portfolio of lux brands. more importantly iconic French couture label Lanvin.

Fosun Fashion Group stable entails Italian luxury shoemaker Sergio Rossi and high-end tailor Caruso, Austrian hosiery and underwear specialist Wolford, and American womenswear brand St John Knits. Fosun Fashion Group is poised to exploit opportunities post Covid era to invest in luxury fashion brands to accelerate growth & consolidate its leadership status.

Group has its intention known in terms of how the latest funding round will be aiming at securing two new strategic investors, which shall include such as Japanese trading pioneer 'Itochu Corporation' alongside famed footwear manufacturer 'Stella International'.

Lanvin Group is set to leverage the brand aura, market expertise, retail footprint, and resources of the profound investors to give a fillip to help bolster the global supply chain, distribution capabilities in order to let corresponding synergies play out.

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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9th October 2021, Mumbai:

Michael Kors opens a 'Lifestyle store' at JioWorld Drive Mall,Mumbai. The 2,090 square-foot retail space will be a larger-than-life store befitting the imagery of a cult brand. 

The key highlights and features of the upcoming store will be that it is likely to retail a broad array/ selection of products from the stable of legendary ‘Michael Michael Kors’ line. 

The illustrated product line will entail sharply apparel, classy handbags, trendy eyewear, watches, leather goods, footwear, jewellery, and fragrances demonstrating the true spirit and signature of this global brand in this emerging retail market. 

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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13th October 2021, Mumbai:

The state committed to taking UP's exports to Rs 3 lakh crore within the following five years, the state government has come out with actionable points which amongst other plans has zeroed in on apparel as a critical sector presenting an enormous scope for growth.

Earlier (PWC) PricewaterhouseCoopers at the behest of Invest UP, came out with strong observations that owing to differences in tariff regulations prevailing among competing nations, India in general and UP in particular, badly loses out to competing countries such as Bangladesh, Turkey, and Cambodias of the world.

The report has proposed numerous measures & steps recommending to enhance UP's presence in an industry where apparel exports are well within its existing resources & capabilities. On the back of the fact that facilitations like serious attempts to renegotiate trade deals with the USA UK, European Union, Canada, and Australia will only act as catalysts.

It is noteworthy here to mention Chief Minister Yogi Adityanath continues to cease growth opportunity and has unequivocally proposed improvement in UP's exports, "When many foreign companies are looking at shifting base out of China/ China Plus/ Credible alternate to China in Post Covid era, asserts Hon'ble CM it is a new reality". 

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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12th October 2021, Mumbai:

The semblance is 'Future Group' and 'Amazon India' are at last poised to mull truce to giving way for a possible out-of-court settlement of a year-long bitterly fought regulatory stalemate over the proposed sale of Future Group (FRL) assets to Reliance Retail (RIL) as soon the Singapore arbitrator gives its initial rulings in this ongoing month, according to sources.

At this juncture, the ball is in The Singapore International Arbitration Centre (SIAC) court to convey whether BSE-listed Future Retail Ltd (FRL) should be a party to the arbitration?

Meanwhile, Future Group (FRL) had already asked the arbitration center to vacate its October 2020 stay. There is a great possibility of two sides beginning to look at negotiations for an attainable/ tenable out-of-court settlement of a never-ending type of time-drawn standoff.

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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9th October 2021, Mumbai:

Piyush Goyal while addressing the Inaugural Session of 'ICRIER's 13th Annual International G-20 Conference' made a very strong point that “AatmaNirbhar Bharat/self-reliant India by the stretch of the imagination is to be misunderstood being closing India’s doors to the outside world, but it’s in true spirit about opening the doors wider”

Pandemic has remodelled G20 priorities, unique opportunity to inject an inclusive and equitable agenda at the G20, Piyush Goyal clearly alluded to the opportunities Covid-19 has thrown to our nation. 

Unequivocally he also observed that India is in a sweet spot today & needs to build synergies with like-minded partners/ forces to bring out a credible solution on Climate Action,” he said.

“Good news is in not so distant future, developing countries like India will only be leading the organisation, Indonesia next year, followed by India.

Thus this uniquely paves way for all of us to instil a more inclusive and equitable agenda at the G20. Also to address climate change critical issue, G20 will play a pivotal role to tenably achieve all SDGs (sustainable development goals) to make this world a better living place,” 

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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11th October 2021, Mumbai:

Global sports legendary brand Puma India has appointed Smita Balram as the head of corporate communications. Noteworthy is that her role & responsibility is to build & sharpen PUMA's communication strategy, and put in the right efforts driving the PR, imagery as per signature & underlying narrative for the brand.

“Smita will bring with her a treasure of vast and diverse hands-on expertise she enjoys in the field of media. Her known creative prowess, deep understanding, brilliant vision, and flair for strategic excellence coupled with her rightful background in business and lifestyle journalism is an added advantage she brings to the table to Puma India.”

She has expressed deep satisfaction having joined Puma India stating," She is looking forward ushering to enjoying, gainful and meaningful innings ahead.”

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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 08 October 2021, Mumbai:

Manish Malhotra much sought-after Bollywood & household name in fashion designing gets an accolade for yet another 1st against name as he joins forces with Wazir X NFT Marketplace and FDCI x Lakme Fashion Week to foray into the untapped NFT universe.

NFTs or non-fungible tokens are typically illustrated as a unique string of characters that cannot be substituted so to say with something/ anything else. Let us say we are pushing in a new reality as they can be anything digital (art, music, drawings) making this instrument a one-of-a-kind asset in the digital world & lately lot of intrigue around this space is to be witnessed.

According to sources Manish Malhotra curated 5 exclusive fashion NFTs which include a picture of Lisa Ray from 1998, a GIF of Alia Bhatt in a chikankari lehenga, a hand-drawn sketch of a saree worn by Deepika Padukone in Yeh Jawaani Hai Deewani to drive the point home.

There is also an illustration of Bollywood heartthrob 'Kareena Kapoor Khan' and interestingly there is also a video titled Reminiscing Runways from the year 2013 which adds to this profound portfolio.

Thus in some sense, Manish Malhotra thus has revolutionized the fashion industry by leading the pack & adding a punch to it in style," STYLE GURU HE IS"

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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12th October 2021, Mumbai:

Page Industries under the worthy stewardship of CEO and Executive Director VS Ganesh is the exclusive licensee of Jockey and Speedo in India. The brand has aggressive target plans to be a $1 billion (Rs 7,541 crore) company by 2026 pulling all the stops expanding across channels. 

It also has its heart at the right place & is about to put money where its mouth is. Has business plans to what it takes to be there, making significant strides in the given direction.

Towards this end brand is ramping & revving its online business, also continues to focus on requisite expansion, and has a deeper retail footprints/ presence in India all across ensuring the goal vision of the outfit.

It is noteworthy to put the backdrop in quick perspective regard to the company's financials; the year ended March 31, 2021 'Page Industries' reported robust sales of Rs 2,833 crore. 

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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11th October 2021, Mumbai:

Notable takeaways from the Indian cotton sector organized by the Confederation of Indian Textile Industry (CITI) on Oct. 7 celebrating 'Global Cotton Day' during an informative & inspiring virtual event: India’s cotton production may reach 43 million bales (170 Kgs each) by 2030. 

The way the cotton scenario is stacked, "In the decade ahead till 2030, India (25 percent), China (22 percent), USA (15 percent) and Brazil (10 percent) in that given fashion is expected to dominate the world cotton production table likely to reach 28.4 million tonnes (mt), whilst five (5) China, India, Pakistan, Bangladesh, and Vietnam Asian growers — will constitute close to 75 percent of the total mill consumption (28.3 mt) during the given period of time, as per the latest OECD-FAO report on Agriculture Outlook 2021-2030 has to forecast".

However, as per the OECD-FAO report, the following downside risks remain valid such as shortage/ land constraints, water crisis, the threat of climate change, deadly pests, and disease attacks besides looming stagnancy of yields/ poor to low productivity & efficiency are likely to pose real challenges.

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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 08 October 2021, Mumbai:

Goel is optimistically exhorting textile industry captains cotton onwards "entire value chain" to respond to the opportunity the global marketplace offers the Indian Textile sector.

He states confidently given the sector underlying strength on the back of improvement in cotton cultivation practices, reducing import dependency and enhancement in productivity of Indian cotton all is well within the range to achieve this audacious goal of taking Indian Textile (IT) to its rightful place.

He further stressed that a series of back-to-back measures have been adopted by the Government of India & much-awaited policy intervention to improve the quality and productivity of cotton in the country besides taking a long-term call on the prospectus of this sector have changed the trade dynamics.

Minister offered heartfelt congratulations to 'CITI CDRA' on the completion of its well-achieved 'Golden Jubilee' also generously applauded its progressive & continued commitment to the cause of the development of cotton farmers and improvement in productivity.

Additionally, there is a tailwind been experienced on the back of the fact that govt is looking at stitching relevant FTAs with various sectors where textile is likely to be a natural beneficiary. 

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