India does not intend to change the existing foreign direct investment (FDI) policy related to multi-brand retail trade, according to Department of Industrial Policy and Promotion (DIPP) secretary Ramesh Abhishek, who said the $650 billion retail sector is growing fast, holding huge potential for businesses. DIPP also favours a cut in corporate tax rate, he said. Finance Minister Arun Jaitley had lowered corporate tax rate to 25 per cent for businesses with turnover up to ₹250 crore.

Sri Lanka’s Export Development Board (EDB) recently organised an apparel promotion program in collaboration with the Sri Lankan embassy in France at the Apparel Sourcing Paris 2018 Fair for the second consecutive year. EDB promoted a new sector, ‘Sri Lanka fashion designing’, by promoting three fashion designers at the Sri Lanka catwalk held in parallel. The objective of participating in the show was to promote Sri Lanka apparel and other products, and to regain the lost opportunities and in

Courtesy: VBC Vitale Barberis Canonico (VBC), a leading global supplier of fabrics, has collaborated with VICUTU, a Chinese leader in business menswear. In cooperation with VBC, VICUTU is making headway in the international market and VICUTU will lead the way in Chinese fashion's expansion on a global scale. The association was celebrated at a recent event in Beijing. The transnational cooperation, therefore, demonstrated the complementation of international resources and cultural exchanges

The annual exports of Armenian textile, apparel, leather products and shoes grew by 35-43 per cent over the past two years, with more than 40 per cent exported to European Union (EU) countries, according to Business Armenia, the government agency to attract investment and promote exports. Armenian textile firms also take up subcontracting tasks for global brands. To boost investments from European, Iranian and Asian investors, the Armenian Government has implemented numerous assistance progr

Courtesy: SGIA THREADX, a gathering for the garment decoration community, is set to host a panel of three major league baseball teams and Wilson Sporting Goods in ‘Fashion Over Fandom: Design & Style Driving Sales’. Designed by Specialty Graphic Imaging Association’s (SGIA) garment decorators committee, THREADX will be held from February 17-19, 2019, in San Diego. The conference mainly focuses on the business and cultural drivers changing the industry, according to SGIA. “Nothing ti

Courtesy: Jaanuu Jaanuu, the leading direct-to-consumer brand empowering medical professionals with reimagined uniforms, has received $15 million growth equity financing by JMK Consumer Growth Partners. Existing investors in Jaanuu include the Nordstrom family and David Kessenich, managing partner and co-founder of healthcare private equity firm Excellere Partners. The investment by JMK Consumer Growth Partners brings the total equity raised by Jaanuu to over $25 million, according to a pres

The Textile Association of India (TAI) recently honoured Premier Mills chairman R Jagadish Chandran and Lakshmi Machine Works chairman and managing director Sanjay Jayavarthanavelu with lifetime achievement award and industrial excellence award respectively for their contribution to the growth of the industry. The award was presented at a conference in Coimbatore. TAI president TK Sengupta said the association had some specific objectives, including promoting the use of scientific knowledge

Courtesy: Hail Women Online retailer Hail Women has started its operations in India. The new clothing line is set to change the fashion industry with its unique professional wear collection for The brand’s uniqueness and versatility are demonstrated in every fashion piece as designs are turned into emotions, helping fashion lovers to express themselves freely on every occasion. Making the lives of women easier with a lot of thoughtful, beautiful, sleek fit, luxe appearance and comfortable ou

The Netherlands has topped the annual B2C E-commerce Index, said the United Nations Conference on Trade and Development (UNCTAD). It has replaced Luxembourg, which dropped out of the top ten with sharp drop in its postal reliability score. In a first, the Netherlands is the highest ranked country in the index, up three positions from the last year. Eight of the top ten countries on the index are in Europe. Index values are extremely close, with a range of just four points between first and te

The Swedish International Development Cooperation Agency (SIDA) office at the Embassy of Sweden in Bangkok and the International Labour Organisation (ILO) recently signed a cooperation agreement to start a project in January next year to promote decent work, gender equality and environmental sustainability in the garment sector supply chains in Asia. The project, called ‘Decent Work in the Garment Sector Supply Chains in Asia’, will focus on the garment supply chains in Asia, notably South-A