MARKET & ECONOMY
Fashion forecasting has refined itself in the previous two decades to become categorically specific and futuristic. In this article, Prof Kislaya Choudhary, Aditi Sharma and Pankti Patel of NIFT Mumbai explore the evolution of trend and forecasting landscape starting from the 17th century till its present form and post COVID-19 scenario.
Garments manufacturers in Bangladesh have breathed a sigh of relief as yarn prices started easing after rising to a high level.
With a vision to be a fully integrated and globally competitive textile manufacturer, SVP Global Ventures Ltd, India’s largest compact cotton yarn manufacturer, is foraying into technical textiles.
The U.S. Cotton Trust Protocol has announced the membership of PVH Corp, one of the largest global apparel companies. This membership will help PVH achieve its commitment to sustainably source 100% of its cotton by 2025.
Truetzschler Nonwovens, Truetzschler Card Clothing and Voith will introduce new solutions for manufacturing a broad range of sustainable nonwovens for wipes, hygiene or medical textiles at this year’s INDEX to be held from October 19-22, 2021.
Fluid Ventures, the direct-to-consumer (D2C) focused venture capital fund, has announced its debut investment in Fabriclore from its Rs 80 crore fund. Fabriclore is a Jaipur-based leading digital retailer of fabrics that offers one of the widest ranges of fabrics, producing one of the largest and versatile fabric catalogs on a digital platform.
In the recent past, the inclination of people towards sports is increasing; thus driving demand for sportswear. According to Dr J Anandha kumar, sportswear trend has been successful in transcending beyond the millennials and the younger generation to become a timeless trend that is here to stay.
The Government of India has notified the Rs 106.83 billion Production Linked Incentive (PLI) scheme for textiles that covers 10 technical textile products, 14 manmade fibre (MMF) products and 40 MMF apparel.
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.