New garment buyers from the Czech Republic, Egypt, Greece, Jordan, Mexico, Spain, Turkey, Panama and South Africa among others plan to replace China with India as their major garment supplier. The extended COVID lockdowns in China have restricted supplies, forcing buyers to look for other options to diversify risks. TO READ MORE: https://www.fashionatingworld.com/new1-2/international-garment-buyers-opt-for-india-as-china-continues-to-battle-covid
By: adminComments Off on INTERNATIONAL GARMENT BUYERS OPT FOR INDIA AS CHINA CONTINUES TO BATTLE COVID 
The first nearly universal factor for success in India is for the different headquarters to acknowledge that India should be judged on its own merits and that there are virtually no surrogates from which to learn anything from elsewhere in the globe. TO READ MORE: https://www.dfupublications.com/categories/article/how-seriously-are-international-brands-looking-at-indian-apparel-sector
India recorded its highest-ever textiles and apparel exports in the financial year 2021-22 at USD 44.4 billion, the government said on Tuesday. The exports tally, which also includes handicrafts, indicates a substantial increase of 41 per cent and 26 per cent over corresponding figures in FY21 and FY20, respectively. TO READ MORE: https://www.business-standard.com/article/economy-policy/india-s-textiles-exports-highest-ever-in-fy22-at-44-4-bn-says-govt-122053101393_1.html
Circulars Cir No. 08 / M-3 / 2022 Cir No. 08 / M-3 / 20224th June 2022 TO ALL MEMBERS OF THE ASSOCIATION Dear Sir, Please find enclosed herewith a brief overview of the Activities of the Association which we were able to accomplish during the month of May 2022. This is for your kind...
Circulars Cir No. 07 / 75TH NGF / 2022 Cir No. 07 / 75TH NGF / 202230th May 2022 TO ALL MEMBERS OF THE ASSOCIATION Dear Sir, We are glad to inform you that the Association has received an Overwhelming Response towards Participation in the 75th National Garment Fair to be held on 12th, 13th,...
Men’s luxury brand portfolio witnessed a 46 per cent growth in 2021 compared to the pre-pandemic year of 2019, while for women, it was only 14 per cent, a report released on Friday said. According to the 2022 edition of Atlas of Affluence (AOA), a white paper on luxury brand from Reliance Brand Ltd (RBL),...
By: adminComments Off on RISING YARN PRICES, LABOR SCARCITY THREATEN INDIA’S POSITION AS A LEADING GARMENT EXPORTER
At Rs 1 lakh for a single candy, cotton yarn prices are making a bigger hole in yarn spinner’s pocket than they did 18 months ago. The rise in prices is incapacitating small and medium-scale garment exporters, who now have to pay Rs 30 to Rs 50 more for a kg of yarn, says Krish,...
By: adminComments Off on TIER II & III CITIES EXHIBIT ROBUST GROWTH POTENTIAL FOR THE FASHION INDUSTRY
Consumers, not just in the metro cities, but in the interiors of India are adapting to the evolving fashion industry. They are becoming more experimental in their choices because of the flexibility and convenience offered by e-commerce. Tier II and-III cities now stand as priority strategic markets for many fashion retailers and e-commerce platforms. This...
India’s apparel imports increased by 43.58 per cent Y-o-Y in FY’22 to $1,28 billion. As per an Apparel Resources report, India’s imports of knitted garments surged by 54.12 per cent while the import of woven garments increased by 35.09 per cent to $ 659.61 million. TO READ MORE: https://www.fashionatingworld.com/new1-2/india-s-apparel-imports-surge-43-58-in-fy-22
By: adminComments Off on THE STEEP HIKE IN COTTON AND YARN PRICES DRIVES UP THE PRICES AS HIGH AS 30%-40%
“The wholesale price of basic garments, like banian, has increased from ₹90 to ₹140 a piece in the last four months. But customers ask for the old rate. We cannot sell at such a low price and so they go back without buying anything,” says K. Selvaraj, president of the Gani market weekly textile traders’...
