29 November 2023, Mumbai

IN BRIEF

E-commerce orders surged 23% during India's Black Friday sale weekend compared to 2022, with over 8.5 million orders processed on the Unicommerce platform.

Brand websites outpaced marketplaces, with order volumes growing 28%. Tier III cities led growth, with a 43% increase in volumes. Fashion and beauty remained dominant categories, while FMCG and eyewear saw an uptick.

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24 November 2023, Mumbai

IN BRIEF

Intex India (Dec 2023)

Embark on a textile odyssey at ITC, where transformative ideas converge, market trends unfold, and partnerships ignite.

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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."

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28 November 2023, Mumbai

Life in my small town isn't so small anymore. Gone are the days of dusty shelves and limited options; A tale of two Indian perspectives

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This dynamic dance promises vibrant marketplaces, thriving communities, and a future where every consumer, regardless of zip code, gets to have their say. The story is still unfolding, but one thing is clear: it's going to be a thrilling ride.

Thrilling retail dance: Big & small compete, vibrant chance

Fueling Aspirational Spending Spree Indian consumers are buzzing with optimism, defying global economic anxieties and driving a surge in spending, particularly on premium and aspirational products.

India's retail market is poised for significant expansion, with malls set to benefit from rising consumer spending and the popularity of omni-channel retailing.

ICRA predicts trading values to surge by up to 4-5% in FY 2024, while rental incomes are expected to grow by 8–10%.

The rise of omni-channel retailing is driving footfalls to malls, leading to higher occupancy rates and an overall revitalization of the retail sector.

With India's retail space market expected to reach a value of $2 trillion by 2032, the future outlook for malls remains positive.

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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.

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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.

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25 November 2023, Mumbai

IN Brief

FICCI INDIA PAVILION 

DHAKA INTERNATIONAL TEXTILE GARMENT 2024
February 1st – 4th, 2024
International Convention City Bashundhara (ICCB), Dhaka, Bangladesh

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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

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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.

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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.

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25 November 2023, Mumbai

IN Brief

Powerhouse of Opportunities

Premier International Textiles Sourcing Event is around the corner

Yarns, Apparel Fabrics, Denim, Accessories

• • 7-9 December 2023

    Hall IC IICC Yoshobhoomi, Dwarka New Delhi

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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.

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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.

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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.

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