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Industry on ‘wait-n-watch’ mode
The textile industry is keeping its fingers crossed over the emerging threat of coronavirus in the months to come.
COVID-19 hurts textile exporters
Textile and clothing exporters have started feeling the impact of Covid-19 because of supply chain disruptions, fall in exports and cancellation of international events
Indian firms eyeing Africa for apparel manufacturing
Abundant young talent, simple trade agreements, income tax breaks, cheap labour and power, friendly tax laws, strategic geographical position and the announcement of African Continental free trade area (AfCFTA) makes Africa the preferable destination for apparel manufacturing industry.
End GST disparity to gain global share
India’s textile exports have plateaued during the past five to seven years. The domestic textile and apparel industry, including handicrafts, stood at $140 billion in 2018, of which $40 billion was exported to the world market.
FTAs to boost India’s textile exports: AEPC chairman
Free trade agreements (FTAs) with Australia, Canada, the United Kingdom and the European Union (EU) will help boost India’s textile exports, according to the Apparel Export Promotion Council (AEPC), whose chairman A Sakthivel recently said the government should pursue FTAs with these countries as they hold tremendous potential for India’s exports.
ABFRL initiative to find alternatives to plastic packaging
Aditya Birla Fashion and Retail (ABFRL) recently launched an open ‘Innovation Challenge’ with Circular Apparel Innovation Factory (CAIF) to spearhead a change in packaging and find innovative alternatives to plastics.
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