Apparel

77% of young Indians now spend the most on phones, apparels: Report

Indians aged between 18 and 34 now spend the most (77 per cent) on mobile phones and apparels and over 65 per cent of them use personal funds for such purchases, a report has shown

Athletic apparel retailer Lululemon to ramp up tech team in India

Lululemon which sells a variety of athletic wear is expanding its India Tech Hub, where teams are working on projects of strategic importance

Apparel sector to contribute in taking exports to $1 trn by 2030: AEPC

The labour intensive apparel sector will contribute significantly in taking the country's merchandise exports to USD one trillion by 2030, AEPC said on Thursday. The Apparel Export Promotion Council (AEPC) said that the incentives in the Budget will help the apparel industry focus on market and product diversification. The council chairman Naren Goenka said that providing an ease-of-doing-export environment would enhance the sector's competitiveness. "The government's key initiatives such as trade agreement with Australia and the UAE and increase in funds will help us to focus on market diversification and product diversification," he said. AEPC promoted global reach of Indian apparel exports to more than 25 export destinations through its export promotion activities in 2022-23. "As we look forward to the 46th year of this council, I can say with confidence that, in the coming years, we will be able to support the government's efforts to make India a USD 2 trillion (USD 1 trillion

Rupa & Co, Dollar Ind, Kitex Garments hit 52-wk lows on weak Q3 results

However, Kitex Garments said the company's order book in queue for 2023-24 indicates achieving a better performance in Q1 and normal performance by Q2

TMS Ep191: 5G rollout, apparel industry crisis, bond markets, tax exemption

Why India's 5G rollout could be in jeopardy? Why's Ludhiana's apparel industry staring at losses? Where are the bond markets headed? How to avail capital gains tax exemption U/s54? All answers here

A strict lockdown in Shanghai is making Ludhiana's hosiery industry sweat

With supply of raw materials from Shanghai badly hit because of strict lockdowns, the production of winter wear in India's hosiery capital has come to a halt

Ind, Aus trade pact to ensure full capacity utilisation of Indian apparel

Apparel Export Promotion Council said duty-free access for the sector to Australia under the trade pact will bring domestic exporters at par with global competitors and make local products competitive

'Buy now pay later' in lifestyle purchases showing non-payments: Report

Micro businesses in states like Bihar, Rajasthan and Madhya Pradesh have the highest non-performing assets, while the UT of Jammu and Kashmir is the best performer, the report by OkCredit said

Strong sales trend likely to sustain valuations of apparel retailers

ABFRL is top pick in the sector, followed by Shoppers Stop and V-Mart

Strong demand for Indian apparel to further push exports: AEPC

Export of readymade garments saw an increase of 22 per cent to $1.46 billion in December 2021 from $1.20 billion in the same month of 2020

Textile and apparels firm Raymond incorporates new firm for real estate biz

TXRL has been incorporated with the object to undertake real estate business, Raymond said

Royal Enfield ties up with Belstaff for exclusive range of apparel

Mid-sized motorcycle maker Royal Enfield on Wednesday said it has joined hands with British brand Belstaff to market an exclusive range of apparel. Launched in 1924, Belstaff is one of the leading British Heritage brands, known worldwide for its high-performance outerwear and jackets. As we celebrate our 120th anniversary this year, we have exciting plans to further take these experiences a notch above with a series of collaborations that resonate with our heritage and legacy. In line with this idea, we are delighted to collaborate with another iconic British brand- Belstaff to commemorate the special milestone with an exclusive line of apparel celebrating our glorious journey," Royal Enfield National Business Head - North and West India & Global Head - Apparel Business Puneet Sood said in a statement. With this collaboration, the company aims to write a new chapter in the brand history that celebrates the spirit of riding, he added. The limited-edition Belstaff Capsule collection

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels

Retailers Association of India (RAI) on Tuesday urged Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent

Industry divided over 12% uniform GST rate on apparel and footwear

Large manufacturers and retailers are mostly happy as move addresses issue of inverted duty structure; some others see it as hurting small units, along with retailers and customers

12% uniform GST rate on apparel and footwear from Jan evokes mixed reaction

Experts hail move, section of clothing industry decries it saying only a small group within the sector had inverted duty structure

Snapdeal sees 493% rise in kids apparel category in Jan-July

Since the beginning of the pandemic last year, kidswear in general saw huge growth online as parents tried to keep children away from crowded markets and malls

Big apparel brands still need millions of Bangladesh's factory workers

Bangladesh's garment-export economy is something of a modern miracle.

Second wave of Covid-19 to delay full recovery for apparel players to FY23

The full recovery for Indian apparel players is likely to be delayed to 2022-23: report

Garment sector hopeful of achieving growth in 2021, says industry body

The textile and apparel sector is confident of achieving the much needed growth in 2021

Garment Mantra acquires 83.8% stake in Jannat Fabrics, to pick up 100% soon

The management is expecting to acquire 100 per cent stake in the next few months to make it a wholly-owned subsidiary of Garment Mantra.