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Surat’s garment sector to grow 20-25% as global brands shift from Bangladesh
Other textile hubs in Tamil Nadu, Punjab, and Noida stand to benefit from the shift in demand. Many global and local brands that previously sourced ... Read More
EU sustainability laws pressure garment makers like Zara, Nike, H&M
European Union regulations now hold retailers selling within the bloc, including companies like Inditex, H&M, and Nike, legally accountable for the working conditions of their ... Read More
Hosiery sector revenue to grow 10-12% in FY24
The projected growth in volume is expected to compensate for a 1-2 per cent decline in average sales realisation due to reduced selling prices aimed ... Read More
Indian exporters gain as textile markets in Bangladesh, Vietnam struggle
Elevated freight costs due to peak season shipments and the on-going Red Sea issue are expected to decrease in the coming months, potentially improving margins ... Read More
KCC&I calls for immediate action on proposed GST hike for textiles, handicrafts
According to the proposal, textiles priced between Rs 1,500 and Rs 10,000 would be taxed at 18 per cent, while textiles exceeding Rs 10,000 would ... Read More
Apparel industry upset with GoM’s proposed GST hike as it will affect growth
The proposed GST rate hike risks severely disrupting the formal retail sector by driving both consumers and businesses toward informal channels. The Group of Ministers ... Read More
Minister outlines government’s ‘5F’ strategy to reform India’s textile industry
The Ministry has set a target of $350 billion by 2030, with the textile industry’s total market size estimated at around $165 billion. Pabitra Margherita, ... Read More