MARKET & ECONOMY​

The number of UK companies manufacturing textiles and apparel rose sharply last year, according to a new report of UK Fashion and Textiles Association (UKFT), confirming the growing momentum of ‘Made in Britain’ movement.

Smriti Irani has announced the launch of a national helpline for weavers that would also be a census of concerned workmen. She made the announcement at the second National Handloom Day celebrations at Banaras Hindu University. The helpline, to be headquartered at the Ministry of Textiles, will enable weavers to lodge complaints with the minister directly and also give suggestions for development of the handloom sector.

The India’s Ministry of Skill Development and Entrepreneurship (MSDE) and the Ministry of Textiles have signed a memorandum of understanding (MoU) to develop the Indian handloom industry with skill development.

A recent study by Boston Consulting Group reveals 50 per cent of Millennials believe brands ‘say something about who I am, my values, and where I fit in,’ while a recent Nielsen study found that three out of four Millennials – a coveted audience for any apparel company – are willing to pay extra for sustainable product offerings. Fashion brands that ignore the clear preference of Millennials for sustainable products and the business opportunity this presents do so at their peril.

A recent study by Boston Consulting Group reveals 50 per cent of Millennials believe brands ‘say something about who I am, my values, and where I fit in,’ while a recent Nielsen study found that three out of four Millennials.