MARKET & ECONOMY
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.
The textile and clothing industry has sought a uniform 5% Goods and Services Tax (GST) across the textile value chain.
Zalando, Europe’s leading online platform for fashion and lifestyle, invested in the circular fashion and textile technology group Infinited Fiber Company (IFC).
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.
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.
PDS Multinational Fashions Limited, a design-led sourcing, manufacturing & supply chain platform catering to leading brands and retailers globally with a presence in over 22 countries, has appointed Raamann Ahuja as Group Chief Human Resources Officer (CHRO).
Zalando, Europe’s leading online platform for fashion and lifestyle, invested in the circular fashion and textile technology group Infinited Fiber Company (IFC).
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.
Garments manufacturers in Bangladesh have breathed a sigh of relief as yarn prices started easing after rising to a high level.