Delay in the onset of winters, shorter duration of cold tempratures, and flattening seasonality are forcing makers of seasonality-centric product categories to rework their strategies. Delayed Winter has led to slow offtake of sales of woollen apparel and small appliances like heaters and geysers, across the entire Northern India belt, Industry executives said. At the...
Experts predict that a falling rupee will improve India’s competitiveness in the global market, resulting in increased exports of agricultural items, textiles, gems, and jewelry. The rupee has lost 6% in the first half of this calendar year, trading at 75.51 dollars, down from 71.38 on January 1. In truth, the rupee had fallen to...
To make matters worse, a rent dispute between mall owners and tenants during the lockout has caused several merchants to reassess their decision to maintain a presence in malls. Retail has been a silent tug of war to attract people between the high street and the malls. TO READ MORE: https://dfupublications.com/categories/article/malls-v-s-high-street
By: adminComments Off on INDIAN APPAREL INDUSTRY IS ON GROWTH TRACK -THANKS TO COMPANIES’ RESILIENCE AND ADAPTATION TO THE GLOBAL PACE
India has held superiority in the textile and apparel industry since decades, but the sector experienced a temporary dent between 2020 and early 2021 due to the widespread pandemic. It only required a mere push for India amidst globally reviving economic conditions and the country made sure to catch hold of the positivity and healthy...
By: adminComments Off on OVERALL BUSINESS ATMOSPHERE IN BIHAR HAS IMPROVED DRASTICALLY SAYS CM NITISH KUMAR
PATNA: CM Nitish Kumar on Wednesday said the overall business atmosphere in Bihar has improved drastically in the last few years and the state. TO READ MORE: https://timesofindia.indiatimes.com/city/patna/overall-business-atmosphere-in-bihar-has-improved-drastically-says-cm-nitish-kumar/articleshow/92090141.cms?fbclid=IwAR30b4f3pgvpjEOhZSCTlmOXVjZkDkpCSJRANMb5himNS7gkFcq0PlrkxZE
By: adminComments Off on INDIA’S TEXTILE INDUSTRY REVENUE SEES PHENOMENAL GROWTH WITH 85% RISE IN FY’22: WAZIR ADVISORS
India’s textile industry saw phenomenal sales and EBITDA growth in FY22 over pre-COVID levels, shows latest Wazir Textile Index compiled by Wazir Advisors for the year FY22. The index based on the analysis of 10 companies highlights, overall grew by 18 per cent Y-o-Y since 2020. Welspun India recorded highest sales at Rs 5,956 crore...
A few decades ago, the textile and retail sectors did not market their products to the general public, which seems surprising for an industry that is fully consumer-focused now. Exhibitors and shops designed their promotions and marketing without the assistance of specialists sometime later. If not for the fierce rivalry in the garment business, the...
By: adminComments Off on INTERNATIONAL GARMENT BUYERS OPT FOR INDIA AS CHINA CONTINUES TO BATTLE COVID
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
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
