Vietnam’s Ho Chi Minh City will build large centres for designing fashion, trading garment, textile material and accessories to become the country’s garment, textile and accessory hub.
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The Advanced Functional Fabrics of America (AFFOA) has opened new headquarters close to MIT campus, an initiative that represents significant MIT investment in advanced manufacturing innovation.
Indian fabrics and apparel major Raymond is looking to capture the stitched garments market in Europe and the US by exporting products from its new Rs 100-crore plant in Ethiopia.
The knitwear sector of India will get a special package in about two months’ time, according to a government official. The industry can expect the package to ensure a level-playing field, considering it faces tough competition from various countries like China due to lack of technology upgrades.
Over 1,000 exhibitors from the country and abroad are scheduled to participate in the three-day long mega textile events, the largest in the world, to be held at Gandhinagar in Gujarat from June 30 to July 2.
As per the latest study conducted by Future Market Insights (FMI), towards the end of 2027, the global textile staples market will reach a valuation of $201,197.5 million, reflecting a moderate CAGR of 4.9 per cent.
The registration for the International Apparel Federation’s (IAF) 33rd World Fashion Convention, which will take place from 16-18 October 2017 in Rio de Janeiro, is now open.