Apparel

Representatives from sectors, including apparel, leather, gems and jewellery, handicrafts, engineering, and seafood participated in the meeting

EFTA trade agreement, India’s first with Europe, comes into effect

India’s trade pact with Switzerland, Iceland, Norway and Liechtenstein will make Swiss chocolates, watches and apparels cheaper in the country. At the same time, Indian exporters hit by Trump tariffs get a new lease of life as a range of products including tea, coffee, textiles, marine products, leather, gems, and engineering goods get better market access in these four countries.

India's higher tax on clothing threatens setback for global fashion brands

The biggest tax reform in eight years by PM Modi's government cuts levies to 5% on garments costing less than Rs 2,500, but items priced above that figure now face a higher levy of 18%

Electricity trade between India-Bangladesh to continue amid other curbs

At 2.5 GW, Bangladesh is the biggest electricity export market for India as of now. Not just that, the neighbouring country uses India’s power grid to import electricity from Nepal.

Trump tariff wars: Home textile orders worth $ 2 bn in limbo

A growing worry within the textile industry is also about consumption declining in America due to higher prices of imported products which would directly impact India's export growth despite having a competitive edge on tariffs over other countries.

Textile stocks outperform as reciprocal tariffs give Indian exports gain edge over China, Vietnam, Bangladesh

Indian textile stocks surged despite the U.S. imposing 26 percent tariffs on imports from India, as the sector is more competitive than China, Vietnam, and Bangladesh.

Plans to expand textiles PLI to garments likely on hold

Textiles minister Giriraj Singh had said in 2024 that the government was considering extending the PLI scheme for textiles to garments to boost manufacturing and exports

Kareena Kapoor Khan disappoints with latest pics for a sports brand; accused of photoshopping pics to look young

Kareena Kapoor Khan looks like a teenage girl for her latest campaign for a sports brand. Social media is unimpressed; says, 'Gone against everything she stands for'.

Free of net debt, Raymond to spin off lifestyle business as separate listed entity

Each shareholder of Raymond Limited will get 4 shares of Raymond Consumer Care for every 5 shares held, when the latter lists

Apparel exports arrest fall, rise by 11.7% in November: AEPC Chairman

Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that exports of ready-made garments (RMG) from India witnessed a rough patch in the past few months

Reliance Retail launches athleisure brand Xlerate on AJIO Business

Xlerate has signed ace Indian cricket all-rounder Hardik Pandya as its first brand ambassador.

Arvind Fashions, Metro Brands optimistic as retail sector growth returns to pre-COVID levels

Retail sales grew 28% year-on-year in March, with the removal of pandemic-related restrictions driving retail businesses.

Explained | Why is the India-UAE partnership deal a game changer for trade?

The agreement comes with several new provisions to maximise India’s exports while also adding new sectors such as digital trade and intellectual property rights. Commerce department officials are hopeful the first of India’s ‘new-age FTAs’ will set the bar high for all trade deals to follow.

Interview| Rising raw material costs, liquidity crisis biting apparel exporters amidst boom in global orders: AEPC Chairman Narendra Goenka

Expected to hit $20 billion in FY23, apparel exports are poised for historic growth, Goenka says. Completion of critical free trade agreements, currently under negotiations, is expected to supplement this.

Explained: Why GST on textiles, apparel is being changed; industry’s concerns

With the GST rate set to be harmonised across the textile chain, the move will impact manufacturers and consumers, coming on the back of the pandemic and higher raw material costs

GST hike on textile, footwear to negatively impact working capital of MSMEs: Experts

The Finance Ministry on November 18 notified a 7 percent increase in GST applicable on finished products such as apparel, textiles and footwear from 5 percent to 12 percent, effective January 2022.

GST on apparel, textiles and footwear up from 5% to 12%, effective January

The GST hike was notified by the Central Board of Indirect Taxes and Customs (CBIC) on November 18

Is denim in an identity crisis?

New styles emerge and recycle at dizzying speed. So fast that sometimes they seem not to move at all, like a colorful spinning wheel transformed into a blur of brown: everything relevant at the same time.

Explained | Why has the govt announced a PLI scheme for synthetic fibres, technical textiles?

Most Production-Linked Incentive (PLI) schemes until now have been targeted at high-value goods or those that would cut import dependence. Synthetic fibres, which include rayon, nylon, polyester and acrylic, and technical textiles don’t come under either category. Moneycontrol takes a look at why the government is focused on these products.

Apparel exports fall for 4 years as Bangladesh, Vietnam gain ground

The Cabinet has extended the existing export-promotion scheme for textiles until March 2024 but experts say the sector, which is one of India's biggest job creators, needs more support to face fierce competition from rivals such as Bangladesh, Vietnam and Cambodia

Anti-China sentiment: India should seize the opportunity in textile exports

India gained market share in US imports of cotton home textiles in 2020 and this year. Exports of readymade garments rose in March after several months of declines

Winter products keep festive momentum going for value format retailers

Footfalls at retailers continue to lag previous year’s levels. But average spends and purchases by visiting customers have gone up, aiding a recovery

Smaller firms outpace Page Industries

Sales of Lux Industries, Dollar Industries, Rupa & Co. grew at a decent pace in the September quarter, helped by sales of economy range products and growth in smaller urban centres

The festive season is around the corner and here’s what brand experts are telling apparel retailers

Tap social media to engage with the customer, strengthen e-commerce channels and increase advertising — these are some of the tips the experts have for apparel retailers looking to rebound from the hammering they have taken in the wake of the Covid-19 outbreak

Coronavirus lockdown | Apparel sector likely to witness 10-15% revenue loss in FY21: ICRA

ICRA in a report said that it expects high operating leverage, discounted sales to clear inventory backlog and bad debts to result in a shrinkage of their profit margins.