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’...
Top malls are demanding tenants pay rents that are 10-15% higher than pre-covid levels as shoppers return and retailers get back to expansion mode, reversing the discounts that many landlords offered struggling retailers to help them survive the pandemic. TO READ MORE: https://www.livemint.com/industry/retail/brisk-retail-sales-higher-store-demand-push-mall-rents-up-11652901999415.html
A new report ‘Western Wear Market’ by the Allied Market Research estimates, global western wear market valued at $74,497.50 million in 2020, is projected to grow 5.37 per cent to reach $136,881.41 million by 2031. The formal wear segment is expected to grow at a CAGR of 4.8 per cent in value during the forecast...
A few months ago, a large German brand, which has been sourcing T-shirts from China for many years, reached out to a supplier in Tirupur, Tamil Nadu’s famous textile hub. Enquiries were made, due diligence done, and the company then promised a four-lakh piece T-shirt order for this fiscal to Warsaw International. Raja Shanmugham, managing...
