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India’s textile & apparel industry
The global apparel demand is expected to boost at a steady CAGR of 5 per cent to grow from the current $1.9 trillion to reach $2.6 trillion by 2025.
VITAS sets export mark to achieve $55 billion by 2025
The Vietnam Textile and Apparel Association (VITAS) recently announced the targets to achieve USD 55 billion from apparel exports and creating three million jobs. The targets were shared at the sixth congress of VITAS, held in Hanoi.
Garment cos call for FTAs with EU, UK, US, Australia
Readymade garments exporters have asked the government to expedite free trade agreements with high potential markets such as the EU, the UK, the US, Australia and Canada which could lead to exports doubling in three years’ time.
Textile exports jump 14% in Nov
After a staggering 38 per cent jump in October, India’s textile and apparel exports growth moderated to 14 per cent in November due to a sharp volatility in the rupee against the dollar.
Duty drawback rate hikes hailed
The Indian Government’s decision to raise the duty drawback rates will boost textile and apparel exports, experts said
Duty drawback rate cut upsets TEA
The Tiruppur Exporters’ Association (TEA) is dismayed on the reduction of duty drawback rates on apparel items. In this revised list, the government has reduced rates for value-added ready-made garments while improving rates for raw materials like cotton, yarn and fabrics.
Surge in FDI inflow in T&C sector
According to a KMPG report, FDI equity inflow in the Indian textile and clothing (T&C) sector has surged 16 per cent in FY 2015-16 over FY 2013-14.
India-ITME 2016: Bigger Bolder!
Bigger, Better, Bolder: India-ITME Society, organisers of the ITMEs, by their own words, has struck the keynote for the 10th India-ITME 2016 edition, which is poised to scale a new peak of achievement by the sheer number of exhibitors, visitors and the space. The biggest achievements are the new exhibitors and the number of roadshows India-ITME Society has done to promote ‘Make in India’ – a dream project of the Modi-led Government. There were a total of 23 roadshows, including in some important Asian countries like Vietnam, Indonesia and Thailand.