Browsing: apparel industry

Panama a potential market for T&C

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Panama is a growing market for textiles and clothing products. Exports of Indian MMF textiles to Panama have been steadily growing during 2015-16. Panama is also a potential market for other textile products like apparel, cotton and silk etc. Panama imported around $2.38 billion of various textile products during 2015.

ILO fears fall in Cambodia’s apparel export

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Cambodia’s apparel and footwear industries are thriving, but that could change in light of several factors related to Brexit and the country’s overall economic growth, according to a bulletin by the International Labor Organisation. Cambodia’s garment and footwear industries accounted for 11 per cent of the economy in 2015.

Demonetisation hurts apparel sales

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Thanks to the demonetisation, the Indian textile and apparel industry has lost 30-40 per cent of business. Apparel sale in domestic markets had stopped in the initial days and recovered gradually.

CENVAT mostly untouched: Textiles Ministry

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Most of the textile and apparel industry does not avail CENVAT, highlights a report released by the Ministry of Textiles adding that the CENVAT route will prepare the textile and apparel industry for GST when it comes into force.

TTF’s Buyer-Seller meet gets good response

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Indian apparel and textile manufacturing has reached new heights in the last few years and Indian exports are welcomed all over the world for their quality and value added features.

Italy’s womenswear bucks trend

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Italy’s womenswear turnover is growing despite global uncertainty. The numbers confirm it: companies in the sector (including apparel and outerwear, shirts and leather goods) ended 2015 with revenue of €12.8 billion, up 2.5 per cent versus the softer 1.4 per cent growth registered by menswear.

Govt policies to play a crucial role

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The Indian textile and apparel industry was estimated to be worth Rs 6,25,930 crore in 2015 and is projected to grow at a CAGR of 9 per cent to reach Rs 9,35,123 crore, by 2020. Of the total market size domestic consumption accounts for approximately 60 per cent and exports accounts for the rest approximately 40 per cent. The domestic market is expected to show higher CAGR of 10 per cent in comparison to exports, which is expected to grow at CAGR of 6 per cent over next five years.