Indian consumers spending on apparel and footwear is expected to hit $70 billion by 2020, up from $63 billion for the year ended March 2017, according to a new report by retail insight company, Fung Global Retail and Technology.
Browsing: Textile Industry
With the demand to import more than $10 billion worth of apparel products each year, Russia is a market with potential for Vietnamese garment-textile businesses.
Inspired by bright global market prospects for smart textile products, the Taiwan Textile Research Institute has helped establish the Taiwan Smart Textiles Alliance, bringing together related manufacturers as well as government and academic research units to develop innovative products, set up industrial standards and explore markets.
The central theme of the upcoming Africa Sourcing & Fashion Week, which will take place in Addis Ababa from October 3-6, 2017 is sustainability in clothing.
Government Polytechnic, Nagpur recently organised an industry-institute-interaction meet on “Cotton growth and development in Vidarbha region†with the delegates from Ethiopian textile industry.
The consistently high cotton prices in India in 2016-17, and which is still continuing in this financial year, will encourage Indian farmers to grow more this year.
The Confederation of Indian Industry (CII) is organising a National Conference on Innovative & Water Efficient Processes in the Textile Sector Promoting Sustainability & Competitiveness on May 18, 2017 at New Delhi.