The Flipkart Group, India’s homegrown e-commerce group, has launched Flipkart Wholesale, a new digital marketplace that will help transform the kirana retail ecosystem in India by leveraging cutting-edge and locally developed technology. As part of the launch, the Group also announced the acquisition of 100 per cent interest in Wal-Mart India Pvt Ltd.Pic: ShutterstockWalmart India operates the Best Price cash-and-carry business, and its acquisition will help Flipkart to strengthen capabilities a

Walmart is planning to invest US $ 3.5 billion to revamp its Canadian stores with latest technology.Image Courtesy: specials-images.forbesimg.comThis is a part of the company’s 5-year plan to make the shopping experience simpler, faster and convenient for both the offline and online customers.The main focus of the company is to enhance its omnichannel business capabilities.“Millions of customers choose to shop with us in-store and online every day. Today’s significant investment will position us

Pushing its case for countries to be able to tax electronic transmissions, India recently proposed imposing customs duties on computer-aided design (CAD) files needed for 3D printing. Electronic transmissions are at present immune from taxation under the World Trade Organisation (WTO) regulations under a moratorium. South Africa has been backing India’s stand.If the moratorium continues, foreign firms can export any software duty-free to developing countries to 3D print products that they curren

India has begun a probe into alleged low-cost imports of a certain type of yarn from China, which is reportedly affecting the domestic industry. The Directorate General of Trade Remedies (DGTR) initiated the probe to assess if the subsidy programme of China for export of viscose rayon filament yarn above 60 deniers is affecting the Indian industry.The Association of Man-Made Fibre Industry of India (AMFII) had filed an application with the DGTR on behalf of the domestic industry for anti-subsidy

The Indian textile ministry recently opposed the final findings of the Directorate General of Trade Remedies (DGTR) recommending the imposition of anti-dumping duty (ADD) on nylon multifilament yarn. In a letter to the deputy secretary of the department of revenue, the textile ministry stated that nylon multifilament yarn is a key raw material for the power loom industry, including knitting and weaving.Pic: pxhereThere should not be any ADD imposed on the import of yarn from China, Korea, Taiwan

The Indian cotton spinning sector is expected to log a 25-30 per cent year-on-year decline in revenue and a 300-400 bps contraction in operating margin in FY2021 amid the COVID-19 led disruptions in manufacturing activities and an all-encompassing weakness in demand from the downstream segments, within as well as outside the country, according to ICRA.Pic: Shutterstock"While the industry was pinning its hopes on a gradual recovery in cotton yarn exports from Q4 FY2020 onwards, aided by the

The export of coir and coir products from India registered ₹2757.90 crore for the year 2019-20, which is an all-time high record. This was ₹30 crore higher than ₹2728.04 crore exports made in 2018-19. In terms of quantity, 9,88,996 MT of coir and coir products were exported in 2019-20 from the country as against 964046 MT exported in the previous year.Pic: Coir BoardExports of coir pith, tufted mats, coir geo-textiles, coir rugs and carpets, coir other sorts, coir rope and powerloom mats registe

Exhibit-delegation of "Silk Road Keqiao -Global Tex" is attending the 2020 Greater Bay Area International Trade Fair for Apparel Fabrics and AccessoriesOn 15 - 17 July 2020, the 2020 Greater Bay Area International Trade Fair for Apparel Fabrics and Accessories is being held in Shenzhen World Exhibition & Convention Center（NEW Venue). Exhibit-delegation of "Silk Road in Keqiao,Connect Whole World Together" which contains 22 high-quality textile enterprises from Keqiao, nam

UK interior minister Priti Patel recently condemned a ‘modern-day scourge’ in the country’s textile sector, following reports that thousands were working in modern slavery. Parliamentarians urged Patel to do more to eradicate the ‘clear evidence of modern slavery in plain sight’ at garment factories, particularly in Leicester, central England. Leicester has at least 1,000 garment factories.In the last few weeks, campaigners highlighted pressure on workers to stay on the job at textile factories

Global Fibre Technologies is partnering with Fibre Conversion to further the commercial viability of “rejuvenation technology” by its subsidiary Ecotek 360. Fibre Conversion has a large facility with two commercial grade recycling lines and a full machine shop which will allow Global to start testing commercial viability of the technology immediately.The two have signed a collaboration agreement in this connection.Chris Giordano, Global’ s chairman and president stated, “We are now at the point