MARKET & ECONOMY
The shoe industry is affected by short collection cycles and is under the pressure of time and cost. Two medium-sized German enterprises KARL MAYER STOLL and DESMA have joined forces to overcome this issue.
Vaccines, social distancing, and face masks (VSF) are important tools in the toolkit to wage the war against COVID-19, says Prof Seshadri Ramkumar.
The importers of Vietnamese textile and garment products are opening opportunities for enterprises so as to boost production and expand the export market as the effect of the COVID-19 pandemic is subsidized.
The textile and garment producers in Ludhiana are relieved with the easing of lockdowns but with the fluctuating rates of yarn, they are worried. Yarn is the biggest raw material in the industry.
The LYCRA Company has recently announced a campaign to advance discussions around circularity in textiles. The advertisement campaign is printed as “Keep in the loop with LYCRAâ€Â.
Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested the Commerce Ministry to simplify export procedures so that the apparel sector can tackle the challenges posed by the pandemic.
Deliveries of new short-staple spindles, open-end rotors, and long-staple spindles dropped by -48%, -27%, and -46%, respectively, says ITMF report. However, shipments of large circular knitting machines marked the exception with a 13% growth.
Moda Biella in collaboration with NIFT announced a contest for the students where the winner gets a chance to feature the designs in the Moda Biella Collection. The webinar was conducted for 14 NIFT centres. Moda Biella, the Italian luxury heritage fashion brand producing superfine exotic fibres, had forayed into the Indian market by partnering with textile manufacturer OCM.
As the global demand is picking up and global players are diversifying their supply chain, it is expected that Indian exports will show a gradual improvement in the next 2 years, says India Ratings & Research (Ind-Ra).